Last Updated on July 24, 2022 by Bitfinsider

If you’re new to the world of cryptocurrencies, you may have previously heard about Ethereum, a decentralized blockchain that supports smart contracts. Ethereum, the second-largest cryptocurrency in the world by market value, is one of the most well-known and dependable Web3 platforms.

As a result, experts advise beginning a beginner’s cryptocurrency investment within the Ethereum ecosystem. It is also the most obvious substitute for Bitcoin.

Beginners are in a good position to learn about the Ethereum ecosystem’s current expansion and what it has to offer. It is advisable to first learn about and investing in Uniglo (GLO), Shiba Inu (SHIB), and Uniswap (UNI) if you’re just getting started with Ethereum.

1) Shiba Inu (SHIB)

A Dogecoin substitute is the Ethereum-based altcoin known as Shiba Inu. This investment is perfect for those who are new to Ethereum because it offers chances for small-scale investments.

Shiba Inu had a sluggish start after its August 2020 launch. However, it has grown steadily. It has developed a devoted following known as the SHIBArmy during the past two years. Important figures and celebrities have also publicly supported Shiba Inus.

2) Uniswap

An automated liquidity protocol called Uniswap was developed on the Ethereum blockchain. In essence, it puts into effect of non-upgradable smart contracts. With the introduction of its most recent V3 upgrade, Uniswap is regarded as the most liquid decentralized exchange. As a result, it is regarded as a fantastic complement to a beginner’s investing portfolio in the decentralized finance sector.

3) Uniglo

The Ethereum network (ETH) is used to power the Uniglo project. GLO, a new generation social reflection currency that this project delivers to the market, seeks to flourish through the appreciation of an asset-backed treasury. The buy/sell tax is set at 10% under the protocol, with 50% going toward treasury growth.

Regardless of the state of the market, developments are supported by the Uniglo Treasury through the acquisition of digital and physical assets. Uniglo can add more assets to its vault as the treasury grows, increasing its purchasing power. Uniglo can repurchase GLO tokens on the secondary market before putting them through Ultra Burn events by using the proceeds from the sale of these assets.

Conclusion

Beginners in the cryptocurrency space will have many options to leverage the Ethereum ecosystem as it grows. Beginners who invest in Ethereum can expect to see their money increase over time as the platform’s initiatives become more commonplace. And they may do it right now by purchasing tokens like Uniglo (GLO), Shiba Inu (SHIB), and Uniswap (UNI) to become a part of the Ethereum ecosystem.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked.

To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor

Are you new to investing and would like to find out more about investments and cryptocurrency? If you know nothing about a topic and want to become an expert on it, one fool proof way to start is to read good books about the topic.

If you read one book about a topic, you will be able to share knowledge or discuss the topic at an elementary level with almost everyone.

Read three books and you will likely know more than the majority of people and will be able to discuss the topic at an intermediate to expert level.

1. The Intelligent Investor by Benjamin Graham
2. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs and More by Ian Balina
3. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them by Antony Lewis

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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.