7 Best New Cryptocurrencies To Buy In 2022

These Are The New Best Cryptos To Buy And Watch Now

Last Updated February 1st 2022
8 Min Read

Buying cryptocurrency is easy, but buying the right cryptocurrency without a time-tested strategy is hard. So what are the best new cryptos to buy now or to put on a watchlist? Lucky Block, Shiba Inu, Terra, Yearn Finance, PancakeSwap, Avalanche, and Solana are prime candidates.

With thousands of cryptocurrencies on the market, it can be hard to pick between a promising project with long-term growth potential and quick cash grabs that will not survive a bear market. 

Although Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. Typically, altcoins are higher-risk investments when compared to Bitcoin, but they often provide higher returns in a bull market. 

Considering a digital asset’s market capitalization, development team, market position, and future price potential, we have compiled a list of the seven best cryptocurrencies to buy in 2022 and beyond. 

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Best New Cryptocurrencies To Buy Or Watch

  • Lucky Block
  • Shiba Inu
  • Terra
  • Yearn Finance
  • PancakeSwap
  • Avalanche
  • Solana

 

Lucky Block: Emerging Cryptocurrency In 2022

Lucky Block (LBLOCK) is worth putting on your watchlist as appears to be forming a new base.

Lucky Block is an emerging cryptocurrency gaming project looking to revolutionize the global lottery industry. The protocol does this by decentralizing the lottery process via blockchain technology. The concept here is that anyone can play lottery games from their home without a centralized operator.

All gaming functions in the protocol are governed and carried out by smart contracts to ensure integrity and legitimacy to players. This ensures that every lottery game is fair - with no option for internal or external actors to manipulate the outcome.

One reason to be bullish on Lucky Block is it continues to produce new projects. Those that like the sound of Lucky Block can invest in the project by purchasing its digital token - which is currently in its pre-launch phase. Once the pre-launch concludes in early 2022, the Lucky Block coin will launch on Pancakeswap, with several centralized cryptocurrency exchanges also in the pipeline. 

“We believe the lottery should not be bound geographically or tied to local financial systems. Instead, our focus is to develop further transparency and fairness in gaming, creating a lottery where every player has better win odds while providing a solid investment strategy for token holders while contributing to the community,” the creators of Lucky Block noted.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu: Cryptocurrency With Remarkable Returns

Launched in August 2020, the rise of Shiba Inu in such a short period of time has been remarkable. According to Coinmarketcap, this digital currency was priced at $0.000000000078 at the turn of 2021. By November 2021, the same digital currency hit highs of $0.0000312. In essence, in less than 12 months of trading, Shiba Inu generated gains of nearly 40 million%. Although yields of this nature are likely not possible, there is still plenty of upside potential left with this token. 

Unlike its rival meme coin, Dogecoin, which was created as a fun carbon copy of Bitcoin, Shiba Inu supports smart contracts usage. These are self-executing computer programs that increase the functionality of the network. Shiba Inu is built on top of the Ethereum blockchain, taking advantage of the network infrastructure and security features.

Thanks to the hype and the community support, all major exchanges have listed SHIB. Not only does this include the likes of Binance, Huobi, Crypto.com, and Coinbase - but even eToro. Consequently, this has resulted in daily trading volumes on Shiba Inu that often exceed $3 billion. 

Another huge event that could boost Shiba Inu's price is the possibility of a listing on the Robinhood platform. If this were to happen, it would add a large pool of buyers, supporting SHIB's price in the short term.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Terra: Cryptocurrency Outperforming Bear Markets 

Terra is one of the best new crypto asset to consider buying. It is a decentralized financial infrastructure and blockchain protocol that introduces some unique concepts and theories to the market. The network leverages a native token, stablecoin protocol, oracle system, and smart contracts to bring users programmable money for the internet. 

The project offers multiple stablecoin options that provide instant settlement. To accomplish this task, Terra relies on a price-stability algorithm that actively alters the monetary supply of an asset to retain value. In this way, Terra can provide users with lower fees, more stability, seamless cross-border exchanges, and highly responsive financial assets.

The crypto community views Terra as a growing crypto project that safeguards against bearish markets. For instance, while Bitcoin moved just 0.34% over a recent 7-day period, Terra increased in value by over 52%. For the uninitiated, the Terra protocol is tasked with stabilizing Terra stablecoins, which are pegged to fiat currencies like the US dollar and Japanese yen.

Terra platform users can earn rewards via staking and vote in the protocol's future via governance. Terra’s self-adjusting monetary supply mechanisms are unique to the industry. As such, the project reflects the pioneering spirit of the decentralized sector. Investing in LUNA today is one way to become a part of the growing Terra ecosystem.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Yearn Finance: Notable Upward Momentum In 2022

Yearn.finance protocol is approaching 2022 with strong upward momentum. Over the course of last year, returns have been even more favourable for early backers of this decentralized project. For instance, those who invested in Yearn.finance at the start of 2021 would have paid around $22,000 per token. Just five months later, the same digital currency surpassed a price of $93,000. This translates into gains of over 320%. 

It is important to note that although Yearn.finance carries a huge price, tokens can be fractionated just like Bitcoin. This means that when using a newbie-friendly crypto platform, you only need to meet a minimum investment of $10.

One of the benefits of investing in Yearn is that it offers investors multiple ways to earn from crypto holdings. This maximizes one’s potential to make the most of their crypto holdings. A Yearn investor can take advantage of any of them and grow the value of their assets. Since these multiple earnings streams are continually drawing in new investors, they guarantee long-term value growth for the Yearn.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

PancakeSwap: Leading DeFi Protocol Bound To Surge In 2022

The next cryptocurrency to consider buying in 2022 is PancakeSwap. PancakeSwap is a decentralized exchange that was launched in late 2020. The platform allows users to buy and sell digital tokens without a third party.

More importantly, it is typically the go-to exchange for newly launched cryptocurrencies built on the Binance Smart Chain. Hence, PancakeSwap has already attracted millions of traders to its platform and billions of dollars worth of locked liquidity.

One of the advantages of the Binance Smart Chain is its high liquidity. PancakeSwap has the highest daily user base of any decentralized application. Thanks to this feature, users can secure liquidity on the platform easily. The token CAKE has an extremely high volume, which helps investors tremendously when deciding to stake. In addition, it is easy to invest in the CAKE token and sell again when it is profitable. 

PancakeSwap has also entered additional markets, such as cryptocurrency staking and farming. The protocol has community governance, and it gives users the ability to farm liquidity, provides tokens, and incorporates other specific features which make it stand out and let you earn rewards.

CAKE hit highs of $44 in mid-2021 but has since retreated to $12 as we approach the end of the year. However, this does offer an excellent entry point for those considering buying this digital currency.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Avalanche AVAX: Best Ethereum Alternative

Avalanche is a blockchain ecosystem that was designed to function as a secure, globally distributed, decentralized network. The project has been referred to as a “platform of platforms” by its developers. The protocol leverages three distinct blockchains to create an interoperable and trustless framework for developers to build upon. Additionally, Avalanche offers payment solutions in the form of a cryptocurrency (AVAX).

Avalanche was built to solve multiple issues found in most blockchain networks today. The platform combats centralization by providing a viable alternative to networks like Ethereum. It also builds upon some of the shortcomings of that network with more programmability, features, and functionalities.

Notably, the platform is highly scalable. The network has demonstrated sub-second transaction times, putting it on par with the top payment processors in the world, such as VISA and PayPal. Specifically, the blockchain can process 6,500 transactions per second. These transactions feature sub-second finality as well. 

In terms of operating costs, the gas fees on Avalanche are much more affordable than Ethereum. There are fees for creating and minting assets. You also pay fees on transactions, staking, and the creation of blockchains. These fees are then burned.

Users can earn rewards in AVAX by staking on the network. Unlike its competitors, the hardware requirements are minimal for staking on Avalanche. AVAX is the native cryptocurrency of the Avalanche ecosystem. Users receive rewards and pay fees using this token. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana: Most Promising NFT Platform

Solana (SOL) is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability. The network introduces various new and unique technologies to provide users with unmatched transaction speeds and enterprise-level security. Consequently, the network has seen considerable growth since its introduction in 2017.

Solana has solved the problem of scalability effectively. Early blockchains' reliance on the Proof-of-Work consensus mechanism had led to serious congestion issues. Top coins such as Bitcoin and Ethereum were designed to increase transaction fees as the network congestion rose. 

Solana avoids these issues by introducing systems that allow the network’s transaction throughput to scale proportionally to its bandwidth. For example, Bitcoin can handle seven transactions per second (TPS), Ethereum can handle around twelve. According to developers, Solana is capable of 50,000 TPS. 

Solana is a Delegated-Proof-of-Stake (PoS) network. DPoS networks differ from PoS networks in some ways. Both mechanisms utilize validators to process transactions, and these validators are chosen based on their overall holdings in the network. The more SOL you hold, the higher the chances you get chosen as a validator. This strategy ensures that only those vested in the network hold this position.

Solana is one of the most advanced blockchains in operation currently. The developers behind this project succeeded in creating a network that could surpass current payment processors in terms of TPS and functionality. As such, you can expect to see more developers make the switch over to Solana as their original blockchains continue to suffer scalability concerns. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bottom Line 

There is no question about it. Cryptocurrencies are here to stay. But remember that digital assets are not a get-rich-quick scheme. Instead, investors should consider them a long-term investment. It is also essential to carefully consider how much of one's portfolio should be devoted to cryptocurrency and determine that allocation is in line with your risk profile. 

If you are looking to diversify your portfolio, consider investing in these top 7 cryptocurrencies in 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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