There are over 16,000 plus digital assets now in circulation, knowing which cryptocurrency to buy can be challenging.
And I mean very challenging
Ultimately, more and more cryptocurrency investors are looking to catch that next big thing with the hope of generating huge returns.
Just like many smart investors did with ShibaInu in 2021
In this article, we are goin to explore Top 6 Best New Cryptocurrencies to Buy in 2022 that is capable of making you millions alongside a quick overview of how you can find your own digital assets to invest in.
List of the Top 6 Best New Cryptocurrencies To Buy in 2022 – Quick Overview
Below you will find a quick overview of the 6 best new cryptocurrencies to buy in 2022.
- Bitget Token (BGB) – This is the native token of Bitget exchange
- Luckyblock – Overall Best Cryptocurrency to Buy in 2022
- Shiba Inu – One of the Best-Performing Cryptocurrencies of the Year
- Terra (LUNA) – Has a Habit of Outperforming Bear Markets
- Yearn.finance (YFI) – Strong Upward Momentum Moving into 2022
- PancakeSwap (CAKE) – Huge Decentralized Exchange Platform That is Growing Exponentially
We offer an overview of each cryptocurrency below.
1. Bitget Token (BGB) – Crypto exchange tokens can fulfill multiple purposes, ranging from increasing liquidity and lowering trading fees to governing entire blockchain platforms.
The Bitget exchange token is a digital asset that is native to the cryptocurrency exchange. Bitget just launched its own token for a variety of reasons, which includes to increase the bitget exchange’s liquidity, incentivize trading activity, and to facilitate the bitget community governance process. Buying this token now could make you million in the feature
2. Luckyblock – Overall Best Cryptocurrency to Buy in 2022 We found that Luckyblock represents the overall best cryptocurrency to buy in 2022.
In a nutshell, this digital asset project is looking to revolutionize the global lottery industry.
The protocol does this by decentralizing the lottery process via blockchain technology.
The main concept here is that anyone can play lottery games from the comfort of their home without needing to go through a centralized operator.
To ensure that Luckyblock offers its players integrity and legitimacy, all gaming functions are governed and carried out by smart contracts.
This ensures that every lottery game is true and fair – with no ability for internal or external actors to manipulate the outcome.
Those that like the sound of Luckyblock 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 Luckyblock token will be launched on Pancakeswap, with several centralized cryptocurrency exchanges also in the pipeline.
3. Shiba Inu – One of the Best-Performing Cryptocurrencies of the Year Launched in August 2020, the rise of Shiba Inu in such a short period of time is nothing but a mystery.
According to Coinmarketcap, this digital currency was priced at $0.000000000078 at the turn of 2021.
Fast forward to November 2021 and the same digital currency hit highs of $0.000086. This means that in less than 12 months of trading, Shiba Inu generated gains of nearly 40 million%.
Although gains of this nature are likely not possible, there is still plenty of upside potential left with this token.
On top of the constant hype that this crypto asset receives from the broader market, Shiba Inu is listed on all major exchanges.
Not only does this include the likes of Binance, Huobi, Bybit, Kucoin, Crypto.com, and Coinbase – but even Okex. As such, this has resulted in daily trading volumes on Shiba Inu that often exceed $3 billion.
4. Terra (LUNA) – Has a Habit of Outperforming Bear Markets When thinking about the best new cryptocurrencies to buy in 2022 – it is important to consider a number of projects that offer a safeguard against bearish markets.
After all, when Bitcoin is down, this typically brings the border markets down with it. With that said, a number of digital assets have a habit of outperforming bearish markets – one of which is Terra and its underlying LUNA token.
To illustrate this point – while as of writing Bitcoin has moved just 0.34% over the prior 7 days, Terra has increased in value by over 52%.
For those unaware of this project, the main concept is that the Terra protocol is tasked with stabilizing Terra stablecoins – which are pegged to fiat currencies like the US dollar and Japanese yen
Those that utilize the Terra platform can earn rewards via staking and vote in the future of the protocol via governance.
5. Yearn.finance – Strong Upward Momentum Moving into 2022 Another project to consider for your digital asset portfolio is Yearn.finance – which is starting 2022 with strong upward momentum.
In fact, and as noted above – while Bitcoin has remained virtually stagnant over the prior weeks, Yearn.finance has increased by over 86% across the same period. Over the course of 2021, returns have been even more favorable for early backers of this decentralized project.
For instance, those that invested in Yearn.finance at the start of 2021 would have paid in the region of $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 broker like Binance or Bybit, you only need to meet a minimum investment of $10. Nevertheless, for those unaware of what Yearn.finance offers, the decentralized platform specializes in crypto-based financing. In other words, the platform connects borrowers and investors to create a truly decentralized finance system.
6. PancakeSwap – Huge Decentralized Exchange Platform That is Growing Exponentially
The next cryptocurrency to consider buying in 2022 is PancakeSwap.
In its most basic form, PancakeSwap is a decentralized exchange that was launched in late 2020.
The exchange allows users to buy and sell digital tokens without going through a third party.
And more importantly, it’s typically the go-to exchange for newly launched cryptocurrencies that are built on top of the Binance Smart Chain.
Crucially, PancakeSwap has already attracted millions of traders to its platform and billions of dollars’ worth of locked liquidity. We also like that PancakeSwap has since entered additional markets – such as cryptocurrency staking and farming.
Now, in terms of its native digital token – CAKE, the cryptocurrency was priced at just $1.10 in September 2020. CAKE hit highs of $44 in mid-2021 but has since retreated to $12 as we begin this year.
This does, however, offer an excellent entry-level for those considering buying this digital currency.
How to Find the Best New Cryptocurrencies to Buy in 2022?
We mentioned earlier that as per Coinmarketcap, there are almost 16,000 plus digital tokens now in circulation. And as such, this means that the digital currency landscape has since become super overcrowded.
As an investor looking to make above-average gains, this makes it even more challenging to find the best new cryptocurrencies to buy.
Although we have already discussed the five best projects currently in the market, it’s important that you also conduct your own research.
In doing so, you can ensure that you are choosing the very best cryptocurrencies for your financial goals and tolerance for risk.
To achieve this, consider the following core metrics:
Concept: The first thing is to assess the overarching concept of the project. For instance, in the case of Luckyblock, the project is offering something that has never been done before – the decentralization of the global lottery industry.
In choosing cryptocurrencies with a strong, unique, and viable concept, you are giving yourself the best chance possible of choosing that next big thing.
Launch Date: In a similar nature to stocks, buying a cryptocurrency as early as possible will often allow you to make the purchase at a highly favorable price.
For instance, in the case of Pancakeswap, those that invested in the project in late
2020 would have paid just $1.10 per token. In comparison, those that entered the market in mid-2021 would have paid over $44.
This is why it is worth considering a new cryptocurrency project like Luckyblock – which is still in its pre-launch phase as of the time of writing this
Team: Another important consideration to make in your search for the best new cryptocurrencies to buy is the team behind the project.
After all, many projects operating in this industry have an anonymous team – which should act as a major red flag. This is in stark contrast to projects like Luckyblock – which is home to a fully ‘doxed’ and verifiable team.
This article has analyzed the best new cryptocurrencies to buy in 2022.
We concluded that the likes of BGB, Shiba Inu, Terra, Yearn.finance, and Pancakeswap are all worth keeping an eye on moving into the new year.
However, we found that decentralized lottery platform Luckyblock is the overall best project to consider right now.
Not only does the project offer a unique concept alongside a fully doxed management team, but Luckyblock is still in its presale phase.
This means that you can buy the Luckyblock token at a highly favorable price before it launches on Pancakeswap
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