Getting started as a beginner in cryptocurrency investment with a budget of under $100, it’s important to focus on projects with strong fundamentals and long-term potential. Here's a list of beginner-friendly cryptocurrencies available on Binance that might suit your budget:
1. Bitcoin (BTC)
Why? The most established cryptocurrency with a proven track record.
Budget Fit: You can buy fractional shares (Satoshis) for under $100.
2. Ethereum (ETH)
Why? Known for its smart contract functionality and diverse ecosystem.
Budget Fit: Fractional shares available for under $100.
3. Binance Coin (BNB)
Why? Binance’s native token is used for transaction fee discounts and powers the Binance ecosystem.
Budget Fit: You can purchase a small fraction.
4. Cardano (ADA)
Why? Focuses on scalability, sustainability, and low transaction fees.
Budget Fit: Priced lower, making it affordable to buy a decent quantity.
5. Polygon (MATIC)
Why? Popular for scaling Ethereum with low-cost transactions.
Budget Fit: Allows for a significant amount of tokens for $100.
6. Solana (SOL)
Why? Known for its high speed and low transaction costs.
Budget Fit: A fraction of SOL fits within $100.
7. Ripple (XRP)
Why? Focuses on cross-border payments and partnerships with financial institutions.
Budget Fit: Affordable and widely supported.
8. Chainlink (LINK)
Why? Powers decentralized oracles that connect smart contracts with external data.
Budget Fit: Fractional shares fit within $100.
9. Dogecoin (DOGE) or Shiba Inu (SHIB) (Meme Coins)
Why? High volatility but strong community support.
Budget Fit: Affordable to buy a large amount but higher risk.
Tips for Beginners:
Start Small: Only invest what you can afford to lose.
Diversify: Consider splitting your $100 into multiple coins.
Research: Understand the project, use case, and team before investing.
HODL: For beginners, holding for the long term is usually safer than frequent trading.
Use Stop-Loss Orders: Protect your investments from market crashes.
