The cryptocurrency market has been experiencing a “crypto winter” due to various factors, causing a negative sentiment in the broader financial markets. However, new cryptocurrency projects have emerged in 2022 with exceptional potential, providing hope during this challenging period. In this article, we will look at the six best new cryptocurrencies to invest in this year.
The first coin on our list is Battle Infinity (IBAT), which has emerged as the overall best new cryptocurrency for 2022. Battle Infinity is an upcoming crypto-gaming platform that combines metaverse elements with play-to-earn (P2E) gaming, offering an exciting ecosystem for players to interact with others and generate tokenized rewards. Its flagship feature is the IBAT Premier League, a fantasy sports league with NFT integration, providing users with a chance to construct sports teams and generate points based on real-world performances. This platform is still in development, but investors can access it through the ongoing presale, which is priced at $0.0015 per token.
Lucky Block (LBLOCK) is another new crypto project on our list with an exceptional token upgrade. Lucky Block is a crypto-gaming sensation that came into the market in 2022, and its native token, LBLOCK, launched on PancakeSwap to huge success. It provides users with a decentralized way to earn prizes through its innovative daily competitions. LBLOCK v2, using the ERC-20 standard, opens up an array of possibilities such as listings on major centralized exchanges (CEXs). This token no longer features the built-in sales tax, making it an option for day traders and scalpers.
Loopring (LRC) is a type of software running on the Ethereum network aiming to reduce the scalability issues associated with building and interacting with dApps. It utilizes zero-knowledge rollups (zkRollups), which essentially batch transactions together, making them more efficient and reducing GAS fees. Investors can gain exposure to Loopring’s growth by purchasing LRC, the protocol’s native token.
ApeCoin (APE) is a new crypto project with inherent ties to Bored Ape Yacht Club (BAYC), a popular NFT collection. Due to its links to BAYC, ApeCoin has seen significant surges and has a huge community backing. It has several other use cases, including integration within the Benji Bananas game, and is governed by a decentralized autonomous organization (DAO) that ensures all token holders have a say in its future direction.
Avalanche (AVAX) is an open-source blockchain network that allows developers to construct dApps that can handle around 4,500 transactions per second, making it attractive to those looking to construct complex dApps. Finally, Celo (CELO) is a Layer-1 blockchain network designed to be compatible with mobile devices that allow users to interact with dApps and pay network fees using stablecoins. It is EVM-compatible and reduces GAS fees, making it less costly to use for developers porting their dApps from the Ethereum network.
To find the best new crypto coins to buy, investors can utilize social media channels, review whitepapers and roadmaps, and review articles presented on crypto media outlets. When deciding to invest in a new cryptocurrency project, it is vital to consider KYC-verification, auditing, and an experienced development team before investing.