La Center,United States - April 12, 2022 /PressCable/ —
With decentralized finance (DeFi) rapidly growing to feature several more smart contracts and various tokenomics, it may become overwhelming for the new investor. Acting as a beginner’s guide to cryptocurrency, BlockStar announces its latest report on the best crypto to buy in April 2022.
More details can be found at https://www.block-star.com/best-new-crypto-to-buy
The new report names Polkadot (DOT) as the best cryptocurrency token to buy for this month. Similar to many post-Bitcoin tokens, otherwise known as altcoins, DOT is both a token and a decentralized protocol.
Differentiating itself from the rest, the DOT protocol allows two unrelated blockchains to safely talk to one another without any intermediary. It’s also designed to be speedy and scalable via the use of different parallel blockchains to remove the stress placed on the main blockchain. Since its launch in August 2020, DOT has already risen by 528%, prompting many financial analysts to name it the best crypto to buy in 2022.
While it sounds complicated, the protocol can be easily understood when purchased through eToro, the leading social trading platform in the world. According to BlockStar, cryptocurrency trading becomes easier through eToro, which enables investors to copy trades of other, more experienced crypto users.
This, arguably, is the main reason for its popularity. Its social trading feature is particularly useful for beginner investors who want to improve their earning potential without risking too much. New users can invest fiat money and then “copy” the trading activity of another crypto investor.
Further, the eToro platform gives traders and investors access to more than 2,000 different financial assets, including cryptocurrencies and other blockchain commodities that can be invested with or without leverage. This means that new investors have access to short, mid, and long-term investment options.
The platform itself is relatively easy to use and features a simple user interface. Its risk-free trading platform allows investors to open a long, non-leveraged position on a stock or ETF and pay 0% commission. There are no hidden charges, with users allowed to immediately start trading when they set up their account.
Interested parties can find more information at https://www.block-star.com/best-new-crypto-to-buy
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Contact Info:
Name: Paul Kohn
Email: Send Email
Organization: BlockStar
Address: 1315 W E Pl., La Center, WA 98629, United States
Website: https://www.block-star.com/
Source: PressCable
Release ID: 89073101
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