Bitcoin is the first innovation in the history of finance as decentralized money or digital money with no interference from the central authorities be it government or banks. It came as a new alternative to fiat currencies. Through the years Bitcoin gained traction in the global economy and became the foremost choice of investors. But with changes in time, we see the emergence of many new technologies and developments. And so came the new cryptocurrencies which are popularly called altcoins. Right now there are around 16,500 digital currencies in circulation.
Now when it comes to investment it stirs confusion as to which one to bet on. Now putting Bitcoin aside, investors have been keen on looking for those cryptocurrencies on which they can hope for massive returns. Well, today we are going to list down some newbie entrants in the crypto space. These are the digital currencies that you need to prefer buying in 2022. There are no usual names like Ethereum, Litecoin, Monero, Bitcoin Cash, Neo, Tether, or any other known altcoin.
Top new cryptocurrencies in 2022
In this article, we are going to list down the new digital currencies that make a good choice to purchase or to invest in the year 2022.
Starting with the new cryptocurrency list to buy in the current year is PancakeSwap (CAKE). PancakeSwap is the decentralized cryptocurrency exchange that came two years ago (2020). This crypto trading platform enables users to practice purchasing and selling crypto tokens without referring to any 3rd party mediator.
The essential thing to know is PancakeSwap is an ideal exchange platform typically for new cryptocurrencies made on top of the Binance Smart Chain. More importantly, it has drawn the attention of millions of merchants. PancakeSwap has since been an entrant into added markets like farming and cryptocurrency staking. Coming to its native crypto coin CAKE, it was priced at $1.10 in 2020 during September. Currently, it is priced at $10.45. In the mid-phase of last year, this cryptocurrency hit high at $44, but with the approaching year-end, it fell back to $12. But somehow it is a good pick for its buyers.
Another newbie entrant in the crypto brigade to buy in 2022 is Terra. The one big reason why you need to refer to this cryptocurrency is its potential in not be affected by the bearish market phase. At the time when Bitcoin is on its downside, it affects the border markets that too go down with it. But there are so many digital assets that are capable of surpassing bearish markets. LUNA, the native crypto token of the Terra platform, is one such example. The current price of LUNA is $70.55.
If you are looking for a much better option among the new cryptocurrencies, the LuckyBlock is the answer to it. In short, this crypto project is aiming high to bring remarkable changes in the lottery industry around the globe. It makes it possible via decentralization of the process of lottery through the digital ledger technique i.e blockchain. The prime objective behind the LuckyBlock platform is to make people convenient in accessing and playing lottery gaming from their respective homes without any mandatory need for a centralized operator.
The project also assures its players with complete honesty and conformity as all the gaming is monitored by smart contracts. Hence this brings trust and fairness in the game of lottery. There is no scope for actors from inside or outside to make manipulations in its outcome. Hence, those who are convinced with this lottery project can surely proceed to invest in its native crypto token which is in its pre-launching phase at present. After the end of its pre-launching phase in 2022, many cryptocurrency exchanges are in the pipeline to launch it including PancakeSwap exchange.
Coming up with another better choice to make purchasing in 2022 is Yearn.finance. It is the approaching newbie player in the crypto arena with its robust uprising graph in 2022. Where the globally popular cryptocurrency Bitcoin has remained stagnant in the previous week, Yearn.finance comparatively to it, has risen over eighty-six percent in the same duration.
Last year, people who did investment in Yearn.finance in the beginning phase of 2021, got paid around $22K each. Those who might not be aware of what else Yearn.finance facilitates, let them brief them this decentralized platform excels in creating a trustful decentralized financial structure by building a connection between the investors and borrowers. $34,081.37 is the current price update of Yearn.finance.
Shiba Inu (SHIB)
Coming on to the last best option in the list of new cryptocurrencies to buy in 2022 is Shiba Inu or SHIB. The crypto meme project came in 2020. In 2021, a crypto price tracking website showed $0.000000000078 as the price of Shiba Inu. Then in the same year in November, it rose to its highest price at $0.0000312. Currently, it is priced at $0.00002935. SHIB is listed on top exchanges including eToro, Coinbase, Hyubi, and Binance.
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