Investing / Crypto

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Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently almost 8,900 cryptocurrencies on the market.

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, so it’s important to know what you’re getting into before you buy in. These are eight top cryptocurrencies that are worthy of investment in 2022.

Top 8 Cryptocurrency Investments in 2022

1. Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap that’s much higher than any other crypto investment options.

Many businesses already accept bitcoin as payment, which makes this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. Additionally, Tesla announced in February 2021 that it had invested $1.5 billion in it, and for a time, the company accepted it as payment for its cars — and it might again if mining it becomes more environmentally friendly. Plus, the larger banks are beginning to incorporate bitcoin transactions into their offerings.

Risks of Investing In Bitcoin

The value of bitcoin tends to fluctuate a lot. You may see the price go up or down thousands of dollars during any month. If wild fluctuations like these make you nervous, you may want to avoid bitcoin. Otherwise, as long as you keep in mind that cryptocurrency could be a smart long-term investment, these fluctuations shouldn’t be too concerning.

Another reason to reconsider investing in bitcoin is its price. With a single bitcoin costing nearly $40,000, most people can’t afford to buy whole bitcoins. For investors who want to avoid buying a fraction of a bitcoin, this is a negative.

2. Ethereum (ETH)

Ethereum is different from bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the network. While ethereum is far behind bitcoin in value, it’s also far ahead of the other competitors.

Even though it came out years after some other cryptocurrencies, it has far exceeded its place in the market because of its unique technology, and it’s currently the second-largest cryptocurrency behind bitcoin.

Risks of Investing In Ethereum

While the Ethereum platform utilizes blockchain technology, it only has one “lane” for conducting transactions. This can lead to transactions taking longer to process when the network is overloaded. Transaction fees are also high, reaching a peak of  $71.72 in May 2021, according to CoinMarketCap.

In 2016, a hack that took advantage of a security flaw led to the loss of more than $50 million worth of ether.

3. Binance Coin (BNB)

After years of relatively level prices, at least by cryptocurrency standards, binance coin took off at the beginning of 2021, surging from about $38 on Jan. 1 of that year to an all-time high of $683 in May. As of March 8, it has slipped back to $382.91.

Because of its performance, binance coin has proven to be one of the more stable investment options. Binance is the world’s largest cryptocurrency exchange, according to CoinMarketCap, but despite its extensive functionality and the coin’s success in Binance sub-projects, binance coin is still a highly volatile investment.

Risks of Investing In Binance Coin

What sets binance coin apart from its competitors is that it was created by a company instead of a group of tech developers. Although binance coin’s commitment to maintaining a strong blockchain has won over many skeptics, some investors remain leery of this cryptocurrency and its potential security issues.

4. Cardano (ADA)

The Cardano network has a smaller footprint, which is appealing to investors for several reasons. It takes less energy to complete a transaction on Cardano than on a larger network like Bitcoin. This means transactions are faster and cheaper. Last year, Cardano launched a “hard fork,” an upgrade that increased functionality — in this case, enabling smart contract deployment.

Cardano also claims to be more adaptable and more secure. It consistently improves its development to stay ahead of hackers.

Risks of Investing In Cardano

Even with a better network, cardano may not be able to compete with larger cryptocurrencies. Fewer adopters mean fewer developers. This isn’t appealing to most investors who want to see a high adoption rate. The platform has big plans, but there are doubts about whether it can live up to that potential.

Advice

Don’t be discouraged by fluctuations in the market. Your investment may lose money one day and make a profit the next. Instead of getting caught up in the day-to-day changes, look at the big picture.

5. Polygon (MATIC)

Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a “layer two” solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.

Polygon has backing from the Binance and Coinbase cryptocurrency exchanges. Its token, MATIC, is used for payment services, transaction fees and as a settlement currency.

Risks of Investing In Polygon

Late last year, Polygon disclosed that it had patched a vulnerability that put about $20 million worth of its coins at risk, CoinDesk reported. A hacker discovered the exploit and notified Polygon, which had a fix in place within two days. However, black-hat hackers had already stolen over 800,000 tokens, leaving Polygon on the hook for about $1.4 million.

6. Solana (SOL)

Solana has taken the crypto world by storm, starting in 2021 with 0.01% of the market and soaring to a top 10 cryptocurrency by market cap by September 2021, giving its main competitor, ethereum, a run for its money. As of March 2022, solana ranks ninth in terms of market cap, which currently sits at $26.4 billion, according to CoinMarketCap. Its appeal lies in the speed and scalability of its network and the ease with which it can be used to create decentralized apps that run on a blockchain, Decrypt explained.

Risks of Investing In Solana

Solana has seen an astounding appreciation of nearly 4,000% over the past year, and prices could drop as quickly as they grew. Reliability might also be an issue, considering Solana suffered a nearly day-long outage due to “resource exhaustion,” according to Bloomberg, as reported by CNBC.

7. Avalanche (AVAX)

Avalanche is a new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable, as Binance described it — founded as an Ethereum competitor by Ava Labs and computer scientists at Cornell University, one of whom, professor Emin Gun Sirer, is a veteran in cryptographic research, according to CoinMarketCap. Whereas Ethereum’s nodes must all validate each transaction, Avalanche’s three individual blockchains can validate transactions independently. This makes Avalanche more scalable and better able to handle large volumes of transactions — up to 6,500 per second. As a result, it’s increasingly popular among Ethereum projects, U.S. News reported.

AVAX began trading in 2020, in a 24-hour initial coin offering. It price has fluctuated from a low of $9.34 to a high of $146.22 over the past year. The coin currently trades for $74.20.

Risks of Investing In Avalanche

Sirer introduced the cryptocurrency via a white paper in 2018. Its launch took place in 2020. With such a short history, avalanche doesn’t have a track record for comparison, making it a riskier investment for potential buyers.

8. Chainlink (LINK)

Chainlink uses a decentralized oracle network to facilitate secure interactions between blockchains and external data feeds, events and payment methods the developers hope will allow smart contracts to become the dominant form of digital payment, according to CoinMarketCap.

One thing working in Chainlink’s favor is a strategic partnership with Google under which Google uses Chainlink’s protocol to connect users to its cloud services, Benzinga reported. The project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser and former LinkedIn CEO Jeff Weiner, according to Securities.io.

Risks of Investing In Chainlink

Despite its proven utility and support from major players, chainlink has experienced the same kind of volatility as other cryptocurrencies. Its price dropped from about $52 in May 2021 to just over $13 in March.

Advice

Don’t settle on any number of cryptocurrency investments without continuing to learn about the market. A new cryptocurrency network could easily climb the ranks and emerge as a leader above other platforms. As an investor, the smartest thing you can do is to stay abreast of market happenings.

Rating the Top Cryptocurrency Choices

Run a quick online search and you’ll find dozens of recommendations for how to invest in cryptocurrency. In choosing the top eight picks, the following factors were considered.

Longevity

How long has the cryptocurrency been around? New cryptocurrencies aren’t immediately ruled out, but having historical data for comparison helps you see how a company has performed up until now.

Track Record

How has the company performed during its years in business? If you see stability in prices, that’s a good sign. If you notice that the cryptocurrency is gaining traction and becoming more valuable with time, that’s even better.

Good To Know

Past performance is not indicative of future performance. At any time things can change, and an investment may perform better or worse than it has in the past.

Technology

How does the platform compare to others in terms of usability and security? The first thing you want to look for is the speed at which transactions occur. The network should be able to handle transaction traffic with ease.

You also want to make sure your investment is secure. Most cryptocurrencies use blockchain technology, making all transactions transparent and easy to track. Blockchain technology doesn’t necessarily make it harder for hackers to steal your cryptocurrency. It does make it easier to track your investment so it can be recovered instead of being lost following fraud.

Adoption Rate

How many people are investing in the cryptocurrency you’re considering? When you see a high level of adoption, that means the cryptocurrency has better liquidity. Trading, selling or spending will be easier in the future.

Final Take

There’s no question about it: Cryptocurrencies are here to stay. The question becomes, where is the best place to invest your money in the market?

As you decide which cryptocurrency is the best investment for you, here are some other things to keep in mind:

• The speed at which transactions are completed
• The fees associated with transacting
• The ability to use your cryptocurrency for regular purchases and bank transfers

If you’re strictly looking to invest without transacting within the network, remember that cryptocurrency isn’t a get-rich-quick scheme. Instead, you should consider it a long-term investment.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 8, 2022, and subject to change.

Cryptocurrency may have once seemed like a niche interest or a passing fad, but it’s moving quickly into the mainstream. 

Matt Damon, LeBron James and Larry David promoted cryptocurrency platforms in a series of Super Bowl ads, which were so popular that they caused one cryptocurrency app to crash after the game.

What's more, the Staples Center in Los Angeles was recently renamed the Crypto.com Arena, after Crypto.com reportedly paid more than $700 million for the naming rights.

There’s a lot of hype surrounding cryptocurrency these days, but what exactly is it, and is it right for the average consumer or investor?

Reporting for TODAY, NBC’s senior consumer investigative correspondent Vicky Nguyen breaks down what cryptocurrency is, how to know whether it’s trustworthy, and red flags to be aware of before diving in.

What is cryptocurrency? 

Cryptocurrency is a virtual currency that is stored on a kind of digital ledger called a blockchain. 

Some cryptocurrencies can be used like money to purchase goods. Other cryptocurrencies are handled more like stocks that are traded, meaning their value can fluctuate. 

There are more than 17,000 cryptocurrencies, but some of the most popular include Bitcoin, Ethereum, Tether, and Binance Coin. Cryptocurrencies are traded on digital platforms or exchanges, such as Coinbase, Gemini, and Crypto.com.

The “crypto” in the name refers to the fact that transaction details are encrypted on the blockchain, with cryptocurrency owners holding a digital “key” that proves that they own the currency.

What’s the point of cryptocurrency?

Why use cryptocurrency at all, as opposed to sticking with traditional money or stocks? 

Some people like the fact that cryptocurrency is not regulated by a centralized government or agency. Rather, the virtual currency is stored securely on digital blockchains, which are hosted by a decentralized network of computers around the world. 

Many people believe this gives cryptocurrency owners more security, privacy and autonomy.

Other proponents of cryptocurrency are interested in the potential future applications of the blockchain, the digital network where cryptocurrency is stored.

For example, the blockchain could serve as a network for transmitting different kinds of information, according to the accounting firm PricewaterhouseCoopers — such as sharing patients’ healthcare information securely, or even gathering votes in an election.

How to buy trustworthy cryptocurrency

If you’re interested in buying cryptocurrency, stick to credible platforms like Coinbase or Binance. The website CoinMarketCap lists established cryptocurrencies, as well as industry news, so you can do your research before buying.

Be wary if someone tries to solicit crypto payments from you online, especially on social media. 

Transactions made with cryptocurrency are not reversible, so it’s crucial to be alert to potential fraud and scammers.

This week, President Biden is expected to issue an executive order that will task government agencies with investigating the risks of trading in cryptocurrencies.

What you should be aware of before investing?

Investing in cryptocurrency is a risk for several reasons. First, the value of cryptocurrencies, like traditional stocks, can fluctuate dramatically.

“You have to be prepared for wild volatility,” Mike Bisaro, president and CEO of StraightLine Financial, told Nguyen.

Also “there is virtually no regulation about any of these players or about the industry in general,” Bisaro said. “You have to, I believe, look at it as more or less speculation.”

The IRS now also requires you to report any financial gains from cryptocurrency investments on your taxes, so make sure your crypto exchange platform allows you to access your tax documents. 

In short, while cryptocurrency can present some interesting opportunities, investing in this kind of digital asset should not be viewed as a get-rich-quick scheme.

“The slow, diversified approach really does tend to win,” Bisaro said. “It just doesn’t tend to make for real exciting headlines and real good Super Bowl commercials.”

Lindsay Lowe

Lindsay Lowe has been a regular contributor to TODAY.com since 2016, covering pop culture, style, home and other lifestyle topics. She is also working on her first novel, a domestic drama set in rural Regency England.

Let’s explore the 12best new cryptocurrency to invest in 2022, as well as how to buy crypto today – easily and safely.

The Top 12 New Cryptocurrency to Invest in 2022

Looking for the best cryptocurrency to buy 2022? Found below is a brief outline of our top picks in the market right now:
 

1. Lucky Block (LBLOCK) – Overall Best Crypto to Buy with Huge Potential

2. Ethereum (ETH) – Most Promising Cryptocurrency to Buy for Smart Contracts

3. Decentraland (LAND) – Cheap Cryptocurrency to Buy for Metaverse Exposure

4. Shiba Inu (SHIB) – Best Crypto ‘Meme Coin’ to Buy

5. Cardano (ADA) – Great Crypto Project with Expert Development Team

6. Binance Coin (BNB) – Best Crypto for Long-Term Gains

7. Axie Infinity (AXIE) – Innovative Blockchain Gaming Project

8. Polygon (MATIC) – New Cryptocurrency to Buy 2022 with Huge Scalability

9. Avalanche (AVAX) – Innovative Blockchain Platform Offering New Use Cases

10. Ripple (XRP) – Top Crypto Project with Large Ambitions

11. Stellar (XLM) – Exciting New Crypto Payments Network

12. Curve (CRV) - Most Popular Cryptocurrency to Buy for DeFi Exposure

A Closer Look at the Most Promising Cryptocurrency to Buy 2022

1. Lucky Block (LBLOCK) – Overall Best Crypto to Buy with Huge Potential

If you’re wondering which cryptocurrency to buy, look no further than Lucky Block. Lucky Block is a blockchain-based lottery platform that looks to greatly improve the lotto experience whilst offering investors a way to generate a passive income stream. Built on the Binance Smart Chain, Lucky Block provides greater transparency and fairness whilst boosting the odds of winning for each entrant.

The platform just wrapped up a successful presale phase, selling out nearly two weeks ahead of schedule and raising $5.7m in the process. This prompted the dev team to list the token on PancakeSwap early to meet demand – which immediately saw the LBLOCK price rise over 230% during its first 24 hours of being listed! With 24,000+ members and counting, the Lucky Block Telegram group is a great place to network with other like-minded crypto enthusiasts. 

Invest in Lucky Block via PancakeSwap

Cryptocurrency markets are highly volatile and your investments are at risk. 

2. Ethereum (ETH) – Most Promising Cryptocurrency to Buy for Smart Contracts

Ethereum is an open-source blockchain platform that offers decentralised app (dApp) developers a way to construct and host dApps that incorporate smart contracts. As noted by CoinMarketCap, ETH is the world's second-largest crypto (behind Bitcoin) and has enormous potential within the realms of DeFi and NFTs. Although the network has been plagued with high fees in recent years, the upcoming change to Ethereum 2.0 looks set to improve scalability – making ETH an exciting investment prospect for 2022.

Buy ETH on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Decentraland (MANA) – Cheap Cryptocurrency to Buy for Metaverse Exposure

Many market commentators believe that Decentraland is the best cryptocurrency to invest in 2022 for exposure to the metaverse. Decentraland is a blockchain-based virtual world where users can create avatars and purchase land. 

Buy MANA on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Shiba Inu (SHIB) – Best Crypto ‘Meme Coin’ to Buy

The success of Dogecoin prompted the release of many other ‘meme coins’ looking to capitalise on the trend, with Shiba Inu being one of the most lucrative for investors. The SHIB price rose a staggering 1055% during October 2021, although the coin’s price has since plummeted drastically. However, with the release of ShibSwap, Shiba Inu’s decentralised exchange (DEX), there is now a tangible use case for the coin.

Buy SHIB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Cardano (ADA) – Great Crypto Project with Expert Development Team

Cardano is another cheap cryptocurrency to buy if you’re looking for an alternative to Ethereum, as this blockchain platform employs a Proof-of-Stake (PoS) algorithm to achieve consensus. This makes it a more scalable network compared to Proof-of-Work (PoW) chains whilst also being greener in the process. 

Buy ADA on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6. Binance Coin (BNB) – Best Crypto for Long-Term Gains

As the name suggests, Binance Coin (BNB) is the native token of Binance, the world's largest cryptocurrency exchange. Users who hold BNB can get a massive reduction in trading fees whilst also benefiting from price increases. Furthermore, BNB can now be staked to generate a passive income stream or even collateral for crypto loans. Overall, BNB's price will naturally rise as the Binance exchange grow, making it a good investment for exposure to the broader crypto market.

Buy BNB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

7. Axie Infinity (AXIE) – Innovative Blockchain Gaming Project

Axie Infinity is another blockchain-based game that enables users to create in-game characters and complete quests. Users have pets called ‘Axies’ that can be customised and then monetised through the Axie Infinity Marketplace since they are structured as NFTs. 

Buy AXIE on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

8. Polygon (MATIC) – New Cryptocurrency to Buy 2022 with Huge Scalability

Polygon is a highly-scalable blockchain platform that acts as a Layer-2 solution for the Ethereum network. As such, developers can build their apps on Polygon or even port over apps from the Ethereum network to benefit from faster speeds and lower fees. 

Buy MATIC on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

9. Avalanche (AVAX) – Innovative Blockchain Platform Offering New Use Cases

Avalanche is an exciting crypto project that uses three blockchains rather than one. Thanks to this approach, specific chains complete certain tasks, reducing the overall burden on each chain and boosting transactions per second (TPS). 

Buy Cryptocurrency on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

10. Ripple (XRP) – Top Crypto Project with Large Ambitions

Ripple is the company behind RippleNet, a lightning-fast payments network that looks to improve traditional financial systems. Using RippleNet, users can send cross-border payments instantly – and with negligible fees. 

Buy XRP on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

11. Stellar (XLM) – Exciting New Crypto Payments Network

Stellar is an open-source protocol that enables low-cost transfers around the world. The great thing about Stellar is that it acts as an ‘intermediary’, allowing users to swap any two FIAT currencies quickly and easily. 

Buy XLM on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

12. Curve (CRV) - Most Popular Cryptocurrency to Buy for DeFi Exposure

Curve is a decentralised exchange (DEX) hosted on the Ethereum network. Curve allows users to swap stablecoins through liquidity pools, which are operated via smart contracts. Users can also stake their CRV holdings to provide liquidity – generating an impressive annual yield in the process.

Buy CRV on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy New Cryptocurrency

Looking to invest in the best cryptocurrencies mentioned above? If so, the two guides below will show you how to invest in Lucky Block and how to buy cryptocurrency with eToro – all in four simple steps!

We recommend eToro for cryptocurrency trading since the platform is heavily regulated and offers tight spreads on all tradeable coins. In addition, eToro even provides a free crypto wallet for all users to store their holdings safely, including bitcoin.

How to Buy Lucky Block

• Step 1 – Create a Crypto Wallet: Set up a crypto wallet that can connect to the Binance Smart Chain, such as MetaMask or the Trust Wallet.
• Step 2 – Buy BNB: Purchase some Binance Coin (BNB) from a reputable broker or exchange.
• Step 3 – Connect Wallet to PancakeSwap: Head to the PancakeSwap website and link your crypto wallet.
• Step 4 – Buy Lucky Block: Search for ‘LBLOCK’ on the tokens page, enter the amount of BNB you’d like to exchange for LBLOCK, and confirm your position.

Buy Lucky Block Now

Cryptocurrency markets are highly volatile and your investments are at risk. 

How to Buy Cryptocurrency on eToro

• Step 1 – Sign Up for eToro: Click ‘Join Now’ on eToro’s homepage, enter your email address, and choose a username and a password.
• Step 2 – Verify Account: Complete eToro’s KYC checks and upload photo ID and proof of address for verification.
• Step 3 – Deposit: Deposit at least $10 into your account.
• Step 4 – Buy Cryptocurrency: Search for your chosen crypto in the search bar and click ‘Trade’. Enter your position size in the order box and click ‘Open Trade’.

Buy Cryptocurrency Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

12 Best New Cryptocurrency to Invest in 2022 – Conclusion

In summary, this article has discussed the best new cryptocurrency to buy in 2022, presenting numerous coins that have exceptional price potential.

Overall, our number one pick within the crypto market is Lucky Block. Thanks to compelling use cases and regular monetary rewards for LBLOCK holders, Lucky Block looks set to be one of the coins with the highest potential during 2022.

Buy Lucky Block Now via PancakeSwap

Cryptocurrency markets are highly volatile and your investments are at risk. 

Cryptocurrency has been adopted by the mainstream in recent years. Not a day goes by without some headline-making metaverse purchase or cryptic tweet on dogecoin (Elon Musk, we’re talking about you). Hype aside, the crypto market is no fad. 300 million worldwide users see its long-term potential and an increasing number of global giants now accommodate it as a payment method. Yet, the crypto world is still a nascent market (just like cannabis and genomics) that attracts promoters, scammers and dreamers. Ergo, despite this growth and exuberance, the decision to buy crypto is not one to take lightly. Due to their speculative nature, blockchain-derived investments are inherently volatile and unpredictable.

Before you jump onto the cryptocurrency bandwagon, it’s crucial to do your research, just as you would with any other investment, to eliminate fraudsters and safeguard against the inherent risks and possible surprises. Here are the five things you should ask yourself before you invest in cryptocurrency.

1. Have I done due diligence on principals and white papers?

It may sound obvious, but knowing exactly what it is you’re investing in is paramount. Some even argue that cryptocurrency is not an investment, but rather a gamble. Others attribute value to the coin's perceived and empirical utility, and actually transact in the crypto universe. These are often people that seek out a hedge against fiat currencies or choose to hedge against the legacy banking system in their respective country. When considering a crypto investment, you should peruse the coin’s white paper — a document that all legitimate coins will have. With a detailed outline of the project’s principles, purpose and technology, this document will help you determine whether or not you should invest. Make sure you read the document diligently. No data or project specifics is definitely a red flag.

To put it simply, follow this rule: No details, no investment.

2. Are they selling coins or security tokens?

Crypto is about more than buying Bitcoin. In fact, as of January 2022, there are more than 8,000 cryptocurrencies in existence — and more are being minted as we speak. Different investments can serve very different purposes within the crypto world. Coins, for example, are very different from tokens. Where the former has a purely monetary, transactional value, the latter can be linked to securities and utilities, such as shares, services and preferential treatment.

Knowing what you’re buying is vital. You need to figure out what it is exactly that you’re trying to gain from the investment, and how you’re going to get there.

Related: 3 Things To Do Before You Buy Crypto

3. Is the token anchored in anything other than promotion?

Getting sucked into the grips of the big names (e.g., Bitcoin, Shiba Inu and Tether) may be your first pitfall. While legitimacy should always be the top priority, a close second is the prospective investment’s potential, unless you are pursuing another agenda. In other words, you should always choose your coin or token based on its merit, rather than any clever gimmicks or marketing — or even the coin's hegemonic position, which may be temporary.

Related: 4 Ways To Smartly Invest In Cryptocurrencies

4. How do I exit, and can I afford to lose everything?

Investing in crypto and waking up a multi-millionaire is an enticing notion. However, it’s also an incredibly illusory one. Far from conventional stock-market investments, investing in crypto is arguably a game of speculation. Unfortunately, for every overnight win, there are many overnight losses. Since this type of investment is often based on sentiment and perceived scarcity, its outcome is unpredictable. As such, just like any other gamble, you should only put in what you’re willing to lose.

Once you know how to enter the market, it’s just as crucial to know how to exit it. The main exit is selling into the market, and then cashing out into a stable coin that tracks fiat currency or converting into fiat currency and withdrawing the funds into your bank account. Many speculators buy Bitcoin or other crypto coins when they drop and attempt to sell them when they spike.

5. Am I an active participant in the project or a passive gambler?

This notion is the proverbial game-changer. If you are launching your own product or are somehow on the "inside", you are most likely not an arms-length investor, but rather an entrepreneur launching a cryptocurrency business. Some believe that you are still investing your sweat equity, know-how and money. You must contemplate the level of involvement you want in your investment or project.

If you are buying a large position in some new ICO (initial coin offering), you may want to be on the board of directors or have some meaningful role in the metaverse. Do you want to be hands-on and actively participate in the success of the project? Or rather are you hoping to put in some money, sit back and let the market do its thing? Defining success early on will help you to set your goals. These two routes have very different trajectories. Ergo, make sure you do your homework and figure out which one’s for you.

It’s in our nature to want to fast-track everything we do. Yet in this market, it’s the long game that wins. To give yourself the best chance of success, you need to take the time to truly understand the crypto market and its trajectory. Everyone wants a slice of the crypto pie, but only the savviest or lucky will get it.

• Lucky Block (LBLOCK): Overall Best Cryptocurrency To Day Trade
• Bitcoin (BTC): Best Crypto to Day Trade with Massive Liquidity
• Binance Coin (BNB): Best Coin with Easy Fundamentals To Read
• Dogecoin (DOGE): The Market’s Top Meme Coin
• Ether (ETH): A Large-Cap Coin With Massive Potential

Disclaimer: Content Produced by CryptoPR

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Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but has also become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.

What Are Cryptocurrencies?

Before we take a closer look at some of these alternatives to Bitcoin (BTC), let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin, cryptocurrency you should invest in. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” Though some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called mining) and other controls.

Cryptocurrencies are almost always designed to be free from government manipulation and control—although, as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some random jobs that make alot of money, shitcoins, and have often tried to present themselves as modified or improved versions of Bitcoin. Though some of these currencies may have some impressive cryptocurrency you should invest in that Bitcoin does not, matching the level of security that Bitcoin’s networks achieve largely has yet to be seen by an altcoin.

Below, we’ll examine some of the most important digital currencies other than Bitcoin. First, though, a caveat: It is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that there are over 18,000 cryptocurrencies in existence as of March 2022. Though many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors.

Beyond that, the field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow. Though Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to ranking coins relative to one another in terms of market capitalization. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list.

Types of Altcoins

Cryptocurrencies

Cryptocurrencies are intended for payments, transmitting value (akin to digital money) across a decentralized network of users. Many altcoins (i.e., those that are not Bitcoin or sometimes Ethereum) cryptocurrency you should invest in classified in this way and may sometimes be called value tokens.

Tokens

There are also blockchain-based tokens that are meant to serve a different purpose from that of money, cryptocurrency you should invest in. One example could be a token issued as part of an initial coin offering (ICO) that represents a stake in a blockchain or decentralized finance (DeFi) project. If the tokens are linked to the value of the company or project, they can be called security tokens (as in securities like stocks, not safety).

Other tokens have a particular use case or function. Examples include Storj tokens, which allow people to share files across a decentralized network, or Namecoin, which provides decentralized Domain Name System (DNS) how many dollars is 1 bitcoin for Internet addresses. These are known as utility tokens.

Today, while many users of crypto understand and appreciate these differences, traders and lay investors may not notice the cryptocurrency you should invest in because all categories of token tend to trade on crypto exchanges in the same way.

1. Ethereum (ETH)

The first Bitcoin alternative on our list, Ethereum (ETH), is a decentralized software platform that enables smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can freely access, regardless of nationality, ethnicity, or faith. This aspect makes the implications for those in some countries more compelling because those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products. 

The applications on Ethereum are run on ether, its platform-specific cryptographic token. Ether (ETH) is like a vehicle for moving around on the Ethereum platform and is sought mostly by developers looking how to best invest in stocks develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. Ether, launched in 2015, is currently the second-largest digital currency by market capitalization after Bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. Trading at around $2,565 per ETH as of March 14, 2022, ether’s market cryptocurrency you should invest in is less than half of bitcoin's.

In 2014, Ethereum launched a presale best stocks to invest in right now canada 2022 ether, which received an overwhelming response; this helped to usher in the age of the ICO. According to Ethereum, it can be used to “codify, decentralize, secure and trade just quantitative investing for the global markets anything.” Following the attack on the decentralized autonomous organization (DAO) in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC).

In December 2020, Ethereum transitioned its consensus algorithm from proof of work (PoW) to proof-of-stake (PoS). This move is intended to allow Ethereum’s network to run itself with far less energy and improved transaction speed, as well as to make for a more deflationary economic environment. PoS allows network participants to “stake” their ether to the network. This process helps to secure the network and process the transactions that occur. Those who do this are rewarded with ether, similarly to how an interest account works. This is an alternative to Bitcoin’s PoW mechanism, by which miners receive more BTCs for processing transactions.

2. Litecoin (LTC)

Litecoin (LTC), launched in 2011, was among the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as “silver to Bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer.

Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses scrypt as a PoW, which can be decoded with the help of consumer-grade central processing units (CPUs). Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and thus offers a faster transaction confirmation time.

Other than developers, there are a growing number of merchants that accept Litecoin. As of March 14, 2022, Litecoin has a market capitalization of $7.4 billion and cryptocurrency you should invest in per token value of around $106, making it the 21st-largest cryptocurrency in the world.

3. Cardano (ADA)

Cardano (ADA) is an “Ouroboros proof-of-stake” cryptocurrency that was created with a research-based approach by engineers, cryptocurrency you should invest in, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After having some disagreements with the direction that Ethereum was taking, he left and later helped to create Cardano.

The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind the project have written more than 120 papers on blockchain technology across a range of topics. This research is the backbone of Cardano.

Due to this rigorous process, Cardano seems to stand out among its PoS peers as well as other large cryptocurrencies. Cardano has also been dubbed the “Ethereum killer” because its blockchain is said to be capable of more. That said, cryptocurrency you should invest in, Cardano is still in its early stages. Though it has beaten Ethereum to the PoS consensus model, it still has a long way to go in terms of DeFi applications. 

Cardano aims to be the world’s financial operating system by establishing DeFi products publish articles and earn money to Ethereum's as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. As of March 14, 2022, Cardano has the eighth-largest market capitalization at $26.9 billion, and one ADA trades for around $0.80.

4. Polkadot (DOT)

Polkadot (DOT) cryptocurrency you should invest in a unique PoS cryptocurrency aimed at delivering interoperability among other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof. Polkadot’s core component is its relay chain, which allows the interoperability of varying networks. It also allows for parachains, or parallel blockchains with their own native tokens for specific-use cases.

Where Polkadot differs from Ethereum is that rather than creating just dApps on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has. With Ethereum, developers can create new blockchains but need to create their own security measures, which can leave new and smaller projects open to attack because the larger a blockchain, the more security it has. This concept in Polkadot is known as shared security. 

Polkadot was cryptocurrency you should invest in by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions about the project’s future. As of March 14, 2022, Polkadot has a market capitalization of roughly $17.4 billion, and one DOT trades for $17.59.

5. Bitcoin Cash (BCH)

Bitcoin Cash BCH holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original Bitcoin. In the cryptocurrency world, a fork takes place bitcoin investor ervaringen plus the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

When different factions can’t agree, sometimes the digital currency is split, with the original chain remaining true to its original code and the new chain beginning life as a new version of the prior coin, complete with changes to its code. 

BCH began its life in August 2017 as a result of one of these splits. The debate that led to the creation of BCH had to do with the issue of scalability; the Bitcoin network has a limit on the size of blocks: 1 megabyte (MB). BCH increases the block size from 1MB to 8MBs, with the idea being that larger blocks can hold more transactions within them, and the transaction speed would therefore increase. It also makes other changes, including the removal of the Segregated Witness protocol that impacts block space.

As of March 14, 2022, BCH has a market capitalization of around $5.5 billion and a value per token of $286.97.

6. Stellar (XLM)

Stellar (XLM) is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Huge transactions between banks and investment firms—typically taking several days, involving a number of intermediaries, and costing a good deal of money—can now be made nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.

Though Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that anyone can use. The system allows for cross-border transactions among any currency. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.

Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of the Ripple protocol. He eventually left his role with Ripple and went on to co-found the Stellar Development Foundation. Stellar Lumens have a market capitalization of about $4.4 billion and are valued at around 18 cents as of March 14, 2022.

7. Dogecoin (DOGE)

Dogecoin (DOGE), seen by some as the original “memecoin,” caused a stir in 2021 as the price of the coin skyrocketed. The coin, which uses an image of the Shiba Inu as its avatar, cryptocurrency you should invest in, is accepted as a form of payment by some major companies, including the Dallas Mavericks, Kronos, and—perhaps most notably—SpaceX, an American aerospace manufacturer owned by Elon Musk.

Dogecoin was created by two software engineers, Billy Markus and Jackson Palmer, in 2013. Markus and Palmer reportedly created the coin as a joke, commenting on the wild speculation of the cryptocurrency market.

The price of DOGE hit an all-time high of approximately 0.74 cents during the week when Musk was scheduled to appear on Saturday Night Live. As of March 14, 2022, Dogecoin’s market capitalization is $15.0 billion and one DOGE is valued at around 11 cents, making it the 13th-largest cryptocurrency.

8. Binance Coin (BNB)

Binance Coin (BNB) is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. It is the third-largest cryptocurrency by market capitalization. Those who use the token as a means of payment for the exchange can trade at a discount.

Binance Coin’s blockchain is also the platform on which Binance’s decentralized exchange operates. The Binance Exchange was founded by Changpeng Zhao and is one of the most widely used exchanges in the world based on trading volumes.  

Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually had its own mainnet launch. The network uses a PoS consensus model. As of March 14, 2022, Binance Coin has a $61.0 billion market capitalization, with one BNB valued at $369.48.

9. Tether (USDT)

Tether (USDT) was one of the first and most popular of a group of so-called stablecoins—cryptocurrencies that aim to peg their market value to a currency or other external reference point to reduce volatility. Because most digital currencies, even major cryptocurrency you should invest in like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the U.S, cryptocurrency you should invest in. dollar. The system allows users to more easily make transfers from other cryptocurrencies back to U.S, cryptocurrency you should invest in. dollars in a more timely manner than actually converting to normal currency. 

Launched in 2014, Tether describes itself as “a blockchain-enabled platform.to make it easier to use fiat currency digitally.” Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies cryptocurrency you should invest in minimizing the volatility and complexity often associated with digital currencies.

As of March 14, 2022, Tether is income earning potential versus consumptive values third-largest cryptocurrency by market capitalization, with a market cap of $80.1 billion and a per-token value of (you guessed it!) $1.

10. Monero (XMR)

Monero XMR is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon garnered great interest among the cryptography community and its enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven.

Monero has launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.” With this technique, a group of cryptographic signatures appears, including at least one real participant, but the real one cannot be isolated because they all appear valid.

Because of these exceptional security mechanisms, Monero has developed something of an unsavory reputation—it has been linked to criminal operations around the world. Though this is a prime candidate for making criminal transactions anonymously, the privacy inherent in Monero cryptocurrency you should invest in also helpful to dissidents of oppressive regimes around the world.

As of March 14, 2022, Monero has a market capitalization of $3.3 billion and a per-token value of $181.32.

Honorable Mentions

We were only able to list 10 altcoins above, but there are many other important cryptocurrencies out there, and they jockey for position over time in terms of user bases, market value, and influence. Some other important cryptocurrencies include (as of March 14, 2022) but are not limited to:

Investing in cryptocurrencies and other initial coin offerings (ICOs) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Because each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.

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Cryptocurrency has been adopted by the mainstream in recent years. Not a day goes by without some headline-making metaverse purchase or cryptic tweet on dogecoin (Elon Musk, cryptocurrency you should invest in, we’re talking about you), cryptocurrency you should invest in. Hype aside, the crypto market is no fad, cryptocurrency you should invest in. 300 million worldwide users see its long-term potential and an increasing number of global giants now accommodate it as a payment method. Yet, the crypto world is still a nascent market (just like cannabis and genomics) that attracts promoters, scammers and dreamers. Ergo, despite this growth and exuberance, the decision to buy crypto is not one to take lightly. Due to their speculative nature, blockchain-derived investments are inherently volatile and unpredictable.

Before you jump onto the cryptocurrency bandwagon, it’s crucial to do your research, just as you would with any other investment, to eliminate fraudsters and safeguard against the inherent risks and possible surprises. Here are the five things you should ask yourself before you invest in cryptocurrency.

1. Have I done due diligence on principals and white papers?

It may sound obvious, but knowing exactly what it is you’re investing in is paramount. Some even argue that cryptocurrency is not an investment, but rather a cryptocurrency you should invest in. Others attribute value to the coin's perceived and empirical utility, and actually transact in the crypto universe. These are often people that seek out a hedge against fiat currencies or choose to hedge against the legacy banking system in their respective country. When considering a crypto investment, you should peruse the cryptocurrency you should invest in white paper — a document that all legitimate coins will have. With a detailed outline of the project’s principles, purpose and technology, this document will help you determine whether or not you should invest. Make sure you read the document diligently. No data or project specifics is definitely a red flag.

To put it simply, follow this rule: No details, no investment.

2. Are they selling coins or security tokens?

Crypto is about more than buying Bitcoin. In fact, as of January 2022, there are more than 8,000 cryptocurrencies in existence — and more are being minted as we speak. Different investments can serve very different purposes within the crypto world. Coins, for example, are very different from tokens. Where the former has a purely monetary, transactional value, the latter can be linked to securities and utilities, such as shares, services and preferential treatment.

Knowing what you’re buying is vital. You need to figure out what it is exactly that you’re trying to gain from the investment, and how you’re going to get there.

Related: 3 Things To Do Before You Buy Crypto

3. Is the token anchored cryptocurrency you should invest in anything other than promotion?

Getting sucked into the grips of the big names (e.g., Bitcoin, Shiba Inu and Tether) may be your first pitfall. While legitimacy should always be the top priority, a close second is the prospective investment’s potential, cryptocurrency you should invest in, unless you are pursuing another agenda. In other words, you should always choose your coin or token based on its merit, rather than any cryptocurrency you should invest in gimmicks or marketing — or even the coin's hegemonic position, cryptocurrency you should invest in, which may be temporary.

Related: 4 Ways To Smartly Invest In Cryptocurrencies

4. How do I exit, and can I afford to lose everything?

Investing in crypto and waking up a multi-millionaire is an enticing notion. However, it’s also an incredibly illusory one. Far from conventional stock-market investments, investing in crypto is arguably a game of speculation. Unfortunately, for every overnight win, there are many overnight losses. Since this type of investment is often based on sentiment and perceived scarcity, its outcome is unpredictable. As such, cryptocurrency you should invest in, just like any other gamble, you should only put in what you’re willing to lose.

Once you know how to enter the market, it’s just as crucial to know how to exit it. The main exit cryptocurrency you should invest in selling into the market, and then cashing out into a stable coin that tracks fiat currency or converting into fiat currency and withdrawing the funds into your bank account. Many speculators buy Bitcoin or other crypto coins when they drop and attempt to sell them when they spike.

5, cryptocurrency you should invest in. Am I an active participant in the project or a passive gambler?

This notion is the proverbial game-changer. If you are launching your own product or are somehow on the "inside", you are most likely not an arms-length investor, but rather an entrepreneur launching a cryptocurrency business. Some believe best website buy bitcoin uk you are still investing your sweat equity, know-how and money. You must contemplate the level of involvement you want in your investment or project.

If you are buying a large position in some new ICO (initial coin offering), you may want to be on the board of directors or have some meaningful role in the metaverse. Do you want to be hands-on and actively participate in the success of the project? Or rather are you hoping to put in some money, sit back and let the market do its thing? Defining success early on will help you to set your goals. These two routes have very different trajectories. Ergo, make sure you do your homework and figure out which one’s for you.

It’s in our nature to want to fast-track everything we do. Yet in this market, it’s the long game that wins. To give yourself the best chance of success, you need to take the time to truly understand the crypto market and its trajectory. Everyone wants a slice of the crypto pie, but only the savviest or lucky will get it.

Investing / Crypto

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Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There cryptocurrency you should invest in currently almost 8,900 cryptocurrencies on the market.

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, so it’s important to know what you’re getting into before you buy in, cryptocurrency you should invest in. These are eight top cryptocurrencies that are worthy of investment in 2022.

Top 8 Cryptocurrency Investments in 2022

1. Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap that’s much higher than any other crypto investment options.

Many businesses already accept bitcoin as payment, cryptocurrency you should invest in, which makes this cryptocurrency a smart investment, cryptocurrency you should invest in. Visa, for example, transacts with bitcoin. Additionally, Tesla announced in February 2021 that it had invested $1.5 billion in it, and for a time, the company accepted it as payment for its cars — and it might again if mining it becomes more environmentally friendly. Plus, the larger banks are beginning to incorporate bitcoin transactions into their offerings.

Risks of Investing In Bitcoin

The value of bitcoin tends to fluctuate a lot, cryptocurrency you should invest in. You may see the price go up or down thousands of dollars during any month. If wild fluctuations like these make you nervous, you may want to avoid bitcoin. Otherwise, as long as you keep in mind cryptocurrency you should invest in cryptocurrency could be a smart long-term investment, these fluctuations shouldn’t be too concerning.

Another reason to reconsider investing in bitcoin is its price. With a single bitcoin costing nearly $40,000, most people can’t afford to buy whole bitcoins. For investors who want to avoid buying a fraction of a bitcoin, this is a negative.

2. Ethereum (ETH)

Ethereum is different from bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the network. While ethereum is far behind bitcoin in value, it’s also far ahead of the other competitors.

Even though it came out years after some other cryptocurrencies, it has far exceeded its place in the market because of its unique technology, and it’s currently the second-largest cryptocurrency behind bitcoin.

Risks of Investing In Ethereum

While the Ethereum platform utilizes blockchain technology, cryptocurrency you should invest in, it only has one “lane” for conducting transactions. This can lead to transactions taking longer to process when the network is overloaded. Transaction fees are also high, reaching a cryptocurrency you should invest in of  $71.72 in May 2021, according to CoinMarketCap.

In 2016, a hack that took advantage of a security flaw app tester geld verdienen to the loss of more than $50 million worth of ether.

3. Binance Coin (BNB)

After years of relatively level prices, at least by cryptocurrency standards, binance coin took off at the beginning of 2021, surging from about $38 on Jan. 1 of that year to an all-time high of $683 in May. As of March 8, it has slipped back to $382.91.

Because of its performance, binance coin has proven to be one of the more stable investment options. Binance is the world’s largest cryptocurrency exchange, according to CoinMarketCap, bitcoin investering 6 days despite its extensive functionality and the coin’s success in Binance sub-projects, binance coin is still a highly volatile investment.

Risks of Investing In Binance Coin

What sets binance coin apart from its competitors is that it was created by a company instead of a group of tech developers. Although binance coin’s commitment to maintaining a strong blockchain has won over many skeptics, some investors remain leery of this cryptocurrency and its potential security issues.

4. Cardano (ADA)

The Cardano network has a smaller footprint, which is appealing to investors for several reasons. It takes less energy to complete a transaction on Cardano than on a larger network like Bitcoin. This means transactions are faster and cheaper, cryptocurrency you should invest in. Last year, Cardano launched a “hard fork,” an upgrade that increased cryptocurrency you should invest in — in this case, enabling smart contract deployment.

Cardano also claims to be more adaptable and more secure. It consistently improves its development to stay ahead of hackers.

Risks of Investing In Cardano

Even with a better network, cardano may not be able to compete with larger cryptocurrencies. Fewer adopters mean fewer developers. This isn’t appealing to most investors who want to see a high adoption rate. The platform has big plans, but there are doubts about whether it can live up to that potential.

Advice

Don’t be discouraged by fluctuations in the 72 bitcoin value. Your investment may lose money one day and make a profit the next. Instead of getting caught up in the day-to-day changes, look at the big picture.

5. Polygon (MATIC)

Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a “layer two” solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.

Polygon has backing from the Binance and Coinbase cryptocurrency exchanges. Its token, cryptocurrency you should invest in, MATIC, is used for payment services, transaction fees and as a settlement currency.

Risks of Investing In Polygon

Late last year, Polygon disclosed that it had patched a vulnerability that put about $20 million worth of its coins at risk, CoinDesk reported. A hacker discovered the exploit and notified Polygon, which had a fix in place within two days. However, black-hat hackers had already stolen over 800,000 tokens, leaving Polygon on the hook for about $1.4 million.

6. Solana (SOL)

Solana has taken the crypto world by storm, starting in 2021 with 0.01% of the market and soaring to a top 10 cryptocurrency by market cap by September 2021, giving its main competitor, ethereum, a run for its money, cryptocurrency you should invest in. As of March 2022, solana ranks ninth in terms of market cap, which currently sits at $26.4 billion, according to CoinMarketCap. Its appeal lies in the cryptocurrency you should invest in and scalability of its network and the ease with which it can be used to create decentralized apps that run on a blockchain, Decrypt explained.

Risks of Investing In Solana

Solana has seen an astounding appreciation of nearly 4,000% over the past year, and prices could drop as quickly as they grew. Reliability might also be an issue, cryptocurrency you should invest in, considering Solana suffered a nearly day-long outage due to “resource exhaustion,” according to Bloomberg, as reported by CNBC.

7. Avalanche (AVAX)

Avalanche is a new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable, as Binance described it — founded as an Ethereum competitor by Ava Labs and computer scientists at Cornell University, one of whom, professor Emin Gun Sirer, is a veteran in cryptographic research, cryptocurrency you should invest in, according to CoinMarketCap. Whereas Ethereum’s nodes must all validate each transaction, Avalanche’s three individual blockchains can validate transactions independently. This makes Avalanche more scalable and better able to handle investir 100 em bitcoin volumes of transactions — up to 6,500 per second. As a result, it’s increasingly popular among Ethereum projects, U.S. News reported.

AVAX began trading in 2020, in a 24-hour initial coin offering. It price has fluctuated from a low of $9.34 to a high of $146.22 over the past year. The coin currently trades for $74.20.

Risks of Investing In Avalanche

Sirer introduced the cryptocurrency via a white paper in 2018. Its launch took place in 2020. With such a short history, avalanche doesn’t have a track record for comparison, making it a riskier investment for potential buyers.

8. Chainlink (LINK)

Chainlink uses a decentralized oracle network to facilitate secure interactions between blockchains and external data feeds, events and payment methods the developers hope will allow smart contracts to become the dominant form of digital payment, according to CoinMarketCap.

One thing working in Chainlink’s favor is a strategic partnership with Google under which Google uses Chainlink’s protocol to connect users to its cloud services, Benzinga reported. The project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser and former LinkedIn CEO Jeff Weiner, according to Securities.io.

Risks of Investing In Chainlink

Despite its proven utility and support from major players, chainlink has experienced the same kind of volatility as other cryptocurrencies, cryptocurrency you should invest in. Its price dropped from about $52 in May 2021 to just over $13 in March.

Advice

Don’t settle on any number of cryptocurrency investments without continuing to learn about the market. A new cryptocurrency network could easily climb the ranks and emerge cryptocurrency you should invest in a leader above other platforms. As an investor, the smartest thing you can do is to stay abreast of market happenings.

Rating the Top Cryptocurrency Choices

Run a quick online search and you’ll find dozens of recommendations for how to invest in cryptocurrency. In choosing the top eight picks, the following factors were considered.

Longevity

How long has the cryptocurrency been around? New cryptocurrencies aren’t immediately ruled out, but having historical data for comparison helps you see how a company has performed up until now.

Track Record

How has the company performed during its years in business? If you see stability in prices, that’s a good sign. If you notice that the cryptocurrency is gaining traction and becoming more valuable with time, that’s even better.

Good To Know

Past performance is not indicative of future performance. At any time things can change, and an investment may perform better or worse than it has in the past.

Technology

How does the platform compare to others in terms of usability and security? The first thing you want to look for is the speed at which transactions occur. The cryptocurrency you should invest in should be able to handle transaction traffic with ease.

You also want to make sure your investment is secure. Most cryptocurrencies use blockchain technology, cryptocurrency you should invest in, making all transactions transparent and easy to track. Blockchain technology doesn’t necessarily make it harder for hackers to steal your cryptocurrency. It does make it easier to track your investment so it can be recovered instead of being lost following fraud.

Adoption Rate

How many people are investing in the cryptocurrency you’re considering? When you see a high level of adoption, that means the cryptocurrency has better liquidity. Trading, selling or spending will be easier in the future.

Final Take

There’s no question about it: Cryptocurrencies are here to stay. The question becomes, where is the best place to invest your money in the market?

As you decide which cryptocurrency is the best investment for you, here are some other things to keep in mind:

• The speed at which transactions are completed
• The fees associated with transacting
• The ability to use your cryptocurrency for regular purchases and bank transfers

If you’re strictly looking to invest without transacting within the network, remember that cryptocurrency isn’t a get-rich-quick scheme. Instead, you should consider it a long-term investment.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 8, 2022, and subject to change.

Digital currencies are continuing to make headlines. Berkshire Hathaway, the company of star investor Warren Buffett, has bought $1 billion worth of stock in a digital bank focusing on cryptocurrencies.

However, regulators and central banks remain concerned. The price of bitcoin plunged to $34,000 in February from $69,000 in November. It is now around $39,000. So should you join the hype or run a mile?

In this article we explain:

Related content: Is cryptocurrency a good investment?

This article contains affiliate links that can earn us revenue.*

What is bitcoin and how does it work?

The concept of digital money that you use online is not that complicated in itself. After all, most of us will be familiar with transferring money from one online bank account to another.

Cryptocurrencies like bitcoin are digital assets that operate like normal currency, but with notable differences. They use peer to peer payment methods, without the banks taking a cut with every transaction. There are no physical versions of the coins either.

Each bitcoin is created (or mined) using an encrypted code, which is a string of numbers and letters. Cryptocurrency you should invest in same equation used to create the code is can “unlock” it (like a virtual key).

Other important points about bitcoin:

• Cryptocurrencies, like bitcoin, ethereum and cardano, are a form of payment that uses blockchain technology to send data in cyberspace
• Each bitcoin must be mined
• It is finite: only 21 million bitcoins that can be mined in total
• Cryptocurrencies are “decentralised” meaning they are not regulated by a financial authority, like a government or central banks
• Most platforms will allow bitcoin purchases using credit cards (bear in mind that your credit card provider will probably charge you a fee to do this)

Why has bitcoin dropped?

The price of bitcoin and several other leading cryptocurrencies suffered huge falls in December 2021 and prices have been on a downward trajectory so far in 2022.

The Fed’s January meeting to decide whether to raise interest rates saw crypto fall along with other stocks and shares.

The bitcoin price is around $35,000, as of 24 February, according to data from Coinbase*. That’s a long way from the all-time high of $69,000 seen in November.

The recent turmoil has been caused by:

• Uncertainty around rising interest rates in the US and UK, cryptocurrency you should invest in, causing a sell-off in risky assets
• China making cryptocurrency transactions illegal
• Suggestions that Russia could ban cryptocurrency trading and mining, causing prices to plummet

There have also been threats of further regulation for cryptocurrency investments in the future.

Should I invest in bitcoin?

Bitcoin is extremely volatile. If you are willing to take the risk, cryptocurrency you should invest in, first make sure you understand what you are investing in and have a crypto investment strategy.

Also make sure you aren’t investing simply because you have a fear of missing out. There are a number of questions you should ask yourself before getting involved:

1. Do I understand what I am investing in and how bitcoin and the crypto market work?
2. Am I happy with cryptocurrency you should invest in level of risk?
3. How much more expensive is it now compared to a few months ago? If so, why am I wanting to buy a thing because its price is higher? Where else in my life do I do that?
4. Is there any evidence to suggest prices could rise even higher?
5. If I buy it now with a view to sell it for even more later, who do I think will buy it from me for that higher price and why?
6. If an asset is so great, why was I not interested when it was much cheaper?
7. Have I convinced myself that I am in some way “in the know?”

If you don’t have answers to these questions, it’s probably not a good idea to invest. If you do buy bitcoin, make sure you aren’t putting money you need on the line. Read more about cryptocurrency tips (and mistakes to avoid).

If you are new to investing and want to know more about the general principles and how to get started, check out our guide here.

Like any investment, cryptocurrency comes with risks and potential rewards. Compared to traditional types of investments, cryptocurrency you should invest in, cryptocurrency is particularly risky.

Here are some things to think about before you invest:

1. We definitely don’t recommend investing all your life savings on cryptocurrency markets
2. It’s best to see it a bit like gambling so only invest small amount of your disposable income and can you pay uber with bitcoin prepared to lose the lot
3. Never invest more than you can afford to lose
4. If you haven’t got much money left at the end of each month, it’s best to steer clear of crypto and focus on saving your money instead
5. Like traditional assets, it’s best to treat cryptocurrency as a long-term investment to give you the best chance of making money
6. Cryptocurrencies are extremely volatile, subject to bull runs and market crashes

The ups and downs of bitcoin

It is hailed by fans as a market-disrupting liberation and demonised by many personal finance experts as a dangerous creation. One things for sure is that bitcoin is volatile. 

Since December 2020, bitcoin has enjoyed a theatre of dramatic ups and downs. We outline some of these here: is a bitcoin crash coming?

The problem is that the price of cryptocurrencies is not underpinned by any intrinsic value. It is determined by one thing: confidence, says Mark Northway, investment manager at Sparrows Capital.

So if you decide to invest, be prepared for a bumpy ride.

Can you lose all your money in bitcoin?

Yes you certainly can. Crypto is very risky and not like conventional investing in the stock market.

Bitcoin’s value is based purely on speculation. This is different to company stocks where the share price will move depending on how the business is performing.

Important: cryptocurrencies are unregulated by the UK watchdog, the Financial Conduct Authority. Crypto platforms are only regulated for anti-money laundering purposes.

There are three main ways to lose all you money with bitcoin:

• The value plummetsand you sell: crypto is volatile with its price determined by sentiment. Though technically you only lose money if you sell an investment for less than you bought it for. This is known as “crystallising your a bear market occurs when investors are pessimistic about the economy memory: experts estimate 20 per cent of all cryptocurrency has either been forgotten about or lost with a current value of around $140billion, according to Crypto data firm Chainalysis
• Cyber crime: hackers and scammers are thought to steal around $10million worth of cryptocurrency every day, according to Atlas VPN

Some people choose to take their holdings offline and store it in a physical device called a cold wallet, otherwise known as a hardware wallet or cold storage that is similar to a USB stick. While this protects from online attacks you risk losing your holdings.

As with any investment, do your due diligence and don’t pin all your hopes on one company or one cryptocurrency.

Spread your money around so you spread the risk and only invest what you can afford to lose.

How to make money by investing in bitcoin

Like any investment, cryptocurrency you should invest in, making money depends on what price you buy and sell an asset for. If you sell when its price is higher than you cryptocurrency you should invest in it for, you will make money.

If you sell for a lower price than you bought it for, you will lose money.

For example, if you had invested in bitcoin at the start of:

• 2020 and sold on 31 December 2020, you would have made a 300% profit
• 2018 and sold on 31 December 2018, you would have made a 73% loss

Bitcoin is extremely volatile so the trick is antminer s9 13.5th s 098w gh 16nm asic bitcoin miner to panic and crystallise your losses by selling when its value inevitably falls, cryptocurrency you should invest in. This is the same with all investments.

Ways to invest in bitcoin

Buying the coins (or unit of a coin) on a cryptocurrency exchange is the most common way of investing in bitcoin.

But there are other options:

Buy shares in bitcoin-related companies

You could invest in cryptocurrency exchanges or even buy shares in companies that are accepting bitcoin as payment.

Bitcoin ETFs

You could invest in a bitcoin exchange traded fund ETF. This copies the price of the digital currency, allowing you to buy into the fund without actually trading bitcoin itself.

Invest in blockchain technology companies

You could invest in the blockchain network (the system for recording information about crypto). For example, cryptocurrency you should invest in, tech platform Solana claims to be the fastest blockchain in the world.

Bitcoin funds

Several investment companies are launching bitcoin funds.

It will still be volatile, but it could be easier to sell your investment and get your money back than investing directly. 

There are also funds that have some exposure to bitcoin as well as traditional assets like shares and bonds.

Bitcoin options

These are a form of financial derivative that gives you the right to buy or sell bitcoin at a set price (known as a strike price) before a certain date of expiry.

Unlike buying bitcoin cryptocurrency outright, bitcoin options enable you to take a speculative position (up or down) on the future direction of a market price.

You would buy a call option if you believe the market price would increase:

• If your prediction was correct and the market price increased above the bitcoin bitcoin investieren versus strike price, cryptocurrency you should invest in, you’d be able to buy bitcoin at the pre-specified price. How far the bitcoin price rose past the strike price determines how much profit you’d make.
• If your prediction was wrong and the price of bitcoin fell, cryptocurrency you should invest in, you could let the options contract expire and only lose the premium you paid to open the trade.

Read aboutLewis, cryptocurrency you should invest in, who taught himself about cryptocurrency and made £8,500 in less than a year after setting up an account with trading platform eToro.

Is bitcoin bad for the environment?

The digital currency uses as much power as the Netherlands every year, with just 30 countries using more energy, according to researchers from the University of Cambridge.

Computers that mine bitcoin use up to 1% of the world’s electricity supply.

While some of bitcoin’s consumption is renewable (an estimated 39%), fossil fuels are still being used to power the mining and servicing of the digital currency.

This is why electric car manufacturer Tesla has stopped accepting crypto payments, cryptocurrency you should invest in, causing bitcoin to fall. Find out more in our Guide to eco-friendly cryptocurrencies.

What are the fees when buying bitcoin?

If you want to buy and sell bitcoin, there are usually fees to pay, cryptocurrency you should invest in, such as:

• Transaction fees
• Deposit fees
• Withdrawal fees
• Trading fees
• Escrow fees

These usually cost a few percent of the total transaction value.

Do financial institutions support bitcoin?

Governments, regulators and companies are looking closely at bitcoin and other cryptocurrencies.

Companies adopting bitcoin include:

Investment companies that are showing an interest include:

• The world’s largest asset manager, BlackRock, opened two of its funds to the possibility of investing in bitcoin futures
• UK based Ruffer Investment Management added bitcoin to its multi-asset portfolios before pulling out five months later with a  $1.1B profit
• In 2020, one of the world’s biggest index providers, S&P Dow Jones Indices announced it would launch indexing services in 2021 for over 550 of the top traded cryptocurrencies.

The Bank of England has been exploring the possibility of its own central bank-backed digital currencies, cryptocurrency you should invest in. This has been dubbed as “britcoin”. Other central banks like the Federal Reserve have been doing the same.

As more institutional investors get on board with crypto assets for capital gains, this could help to calm dramatic price moves.

Crypto friendly banks UK

Most of the UK’s major banks now let you move money between a regulated crypto exchange and your bank account.

However, some banks are more cautious than others. For example, Starling Bank had imposed a temporary suspension on outbound faster payments to cryptocurrency exchanges in order to protect customers.

The banks are continually weighing up the risks. Some make it easier for customers to move money to and from crypto exchanges.

What is Binance and can I still use it in the UK?

The UK financial watchdog has blacklisted cryptocurrency exchange Binance and banned it from carrying out any regulated activity over concerns about its money laundering controls.

The regulator has also ordered the company to stop any form of advertising in the UK.

Binance isn’t based in the UK, so the British regulator doesn’t have the power to stop investors from buying and selling cryptocurrency using the exchange. However exchanges do have to register with the FCA to operate in the UK and are monitored for money-laundering.

This is a clear warning that investors should be very cautious.

Why are regulators concerned?

The FCA has also warned investors to be wary about companies that promise high returns from cryptocurrency. The nature of investment means that there is never a guarantee of making money.

In January 2021 the FCA banned the sale of complex derivatives that speculate on cryptocurrency movements.

This means that financial services can’t offer retail customers contracts for difference, spreadbet options, futures and exchange traded notes that focus on digital currencies. 

China’s crypto ban

Trading cryptocurrency in China has been illegal since 2019, in what Beijing says is an attempt to stop money-laundering. People could still trade online however on foreign exchanges.

At the end of September 2021, China’s central bank went a step further by banning bitcoin transactions and basically making cryptocurrency illegal. The central bank warned cryptocurrency you should invest in cryptocurrency “seriously endangers the safety of people’s assets”, which knocked thousands of dollars off the price of bitcoin.

Banks and payment firms are banned from providing cryptocurrency transaction services. In May 2021, three state-backed organisations announced there would be no protection for consumers if they lost any money from crypto trading.

The following month, banks and payment platforms were told to stop facilitating transactions while bans were issued on crypto “mining”.

Amazon to accept bitcoin as payment?

If the rumours are true, the technology company could accept bitcoin payments sooner rather than later which could drive the price of the cryptocurrency upwards.

This comes after Amazon posted a job advert looking to hire someone to develop its digital currency strategy.

Amazon isn’t the only tech giant to be branching into cryptocurrency; there are rumours circulating that Apple will use some of its large cash reserves to invest in bitcoin.

Is there a less risky way of investing in crypto?

“Stablecoins” could be a less risky way of investing in cryptocurrency, according to Gavin Brown, associate professor in financial technology at the University of Liverpool.

Brown points to tether, the largest stablecoin, backed by one dollar per coin. It topped the $50bn mark on 26 April 2021 but he warns that potential investors shouldn’t necessarily see tether as the next big thing.

“In theory it won’t ever be worth more than a dollar. But it’s potentially an interesting option for any varied portfolio and it could be a slice of stability if [other] things start to suffer.”

The stablecoin has not been without controversy either – being fined by the New York Attorney General and banned from the state the year.

Let’s explore the 12best new cryptocurrency to invest in 2022, as well as how to buy crypto today – easily and safely.

The Top 12 New Cryptocurrency to Invest in 2022

Looking for the best cryptocurrency to buy 2022? Found below is a brief outline of our top picks in the market right now:
 

1. Lucky Block (LBLOCK) – Overall Best Crypto to Buy with Huge Potential

2. Ethereum (ETH) – Most Promising Cryptocurrency to Buy for Smart Contracts

3. Decentraland (LAND) – Cheap Cryptocurrency to Buy for Metaverse Exposure

4. Shiba Inu (SHIB) – Best Crypto ‘Meme Coin’ to Buy

5. Cardano (ADA) – Great Crypto Project with Expert Development Team

6. Binance Coin (BNB) – Best Crypto for Long-Term Gains

7. Axie Infinity (AXIE) – Innovative Blockchain Gaming Project

8. Polygon (MATIC) – New Cryptocurrency to Buy 2022 with Huge Scalability

9. Avalanche (AVAX) – Innovative Blockchain Platform Offering New Use Cases

10. Ripple (XRP) – Top Crypto Project with Large Ambitions

11. Stellar (XLM) – Exciting New Crypto Payments Network

12. Curve (CRV) - Most Popular Cryptocurrency to Buy for DeFi Exposure

A Closer Look at the Most Promising Cryptocurrency to Buy 2022

1. Lucky Block (LBLOCK) – Overall Best Crypto to Buy with Huge Potential

If you’re wondering which cryptocurrency to buy, look no further than Lucky Block. Lucky Block is a blockchain-based lottery platform that looks to greatly improve the lotto experience whilst offering investors a way to generate a passive income stream. Built on the Binance Smart Chain, Lucky Block provides greater transparency and fairness whilst best funds to invest in now the odds of winning for each entrant.

The platform just wrapped up a successful presale phase, cryptocurrency you should invest in, selling out nearly two weeks ahead of schedule and raising $5.7m in the process. This prompted the dev team to list the token on PancakeSwap early to meet demand – which immediately saw the LBLOCK price rise over 230% during its first 24 hours of being listed! With 24,000+ members and counting, the Lucky Block Telegram group is a great place to network with other like-minded crypto enthusiasts. 

Invest in Lucky Block via PancakeSwap

Cryptocurrency markets are highly volatile and your investments are at risk. 

2. Ethereum (ETH) – Most Promising Cryptocurrency to Buy for Smart Contracts

Ethereum is an open-source blockchain platform that offers decentralised app (dApp) developers cryptocurrency you should invest in way to construct and host dApps that incorporate smart contracts. As noted by CoinMarketCap, ETH is the world's second-largest crypto (behind Bitcoin) and has enormous potential within the realms of DeFi and NFTs. Although the network has been plagued with high fees in recent years, the upcoming change to Ethereum 2.0 looks set to improve scalability – making ETH an exciting investment prospect for 2022.

Buy ETH on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Decentraland (MANA) – Cheap Cryptocurrency cryptocurrency you should invest in Buy for Metaverse Exposure

Many market commentators believe that Decentraland is the best cryptocurrency to invest in 2022 for exposure to the metaverse. Decentraland is a blockchain-based virtual world where users can create avatars and purchase land. 

Buy MANA on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Shiba Inu (SHIB) – Best Crypto ‘Meme Coin’ to Buy

The success of Dogecoin prompted the release of many other ‘meme coins’ looking to capitalise on the trend, with Shiba Inu being one of the most lucrative for investors. The SHIB price rose a staggering 1055% during October 2021, although the coin’s price has since plummeted drastically. However, with the release of ShibSwap, cryptocurrency you should invest in, Shiba Inu’s decentralised exchange (DEX), there is now a tangible use case for the coin.

Buy SHIB on eToro.

Cryptoassets are a web hosting to make money volatile unregulated investment product. No UK or EU investor protection.

5. Cardano (ADA) – Great Crypto Project with Expert Development Team

Cardano is another cheap cryptocurrency to buy if you’re looking for an alternative to Ethereum, as this blockchain platform employs a Proof-of-Stake (PoS) algorithm to achieve consensus. This makes it a more scalable network compared to Proof-of-Work (PoW) chains whilst also being greener in the process. 

Buy ADA on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6. Binance Coin (BNB) – Best Crypto for Long-Term Gains

As the name suggests, Binance Coin (BNB) is the native token of Binance, the world's largest cryptocurrency exchange. Users who hold BNB can get a massive reduction in trading fees whilst also benefiting from price increases. Furthermore, BNB can now be staked to generate a passive income stream or even collateral for crypto loans. Overall, BNB's price will naturally rise as the Binance exchange grow, making it a good investment for exposure to the broader crypto market.

Buy BNB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

7. Axie Infinity (AXIE) – Innovative Blockchain Gaming Project

Axie Infinity is another blockchain-based game that enables users to create in-game characters and complete quests. Users have pets called ‘Axies’ that can be customised and then monetised through the Axie Infinity Marketplace since they are structured as NFTs. 

Buy AXIE on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

8. Polygon (MATIC) – New Cryptocurrency to Buy 2022 with Huge Scalability

Polygon is a highly-scalable blockchain platform that acts as a Layer-2 solution for the Ethereum network. As such, developers can build their apps on Polygon or even port over apps from the Ethereum network to benefit from faster speeds and lower fees. 

Buy MATIC on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

9. Avalanche (AVAX) – Innovative Blockchain Platform Offering New Use Cases

Avalanche is an exciting crypto project that uses three blockchains rather than one. Thanks to this approach, specific chains complete certain tasks, reducing the overall burden on each chain and boosting transactions per second (TPS). 

Buy Cryptocurrency on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

10. Ripple (XRP) – Top Crypto Project with Large Ambitions

Ripple is the company behind RippleNet, a lightning-fast payments network that looks to improve traditional financial systems. Using RippleNet, users can send cross-border payments instantly – and with negligible fees. 

Buy XRP on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

11. Stellar (XLM) – Exciting New Crypto Payments Network

Stellar is an open-source protocol that enables low-cost transfers around the world. The great thing about Stellar is that it acts as an ‘intermediary’, allowing users to swap any two FIAT currencies quickly and easily. 

Buy XLM on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

12. Curve (CRV) - Most Popular Cryptocurrency to Buy for DeFi Exposure

Curve is a decentralised exchange (DEX) hosted on the Ethereum network. Curve allows users to swap stablecoins through liquidity pools, which are operated via smart contracts. Users can also stake their CRV holdings to provide liquidity – generating an impressive annual yield in the process.

Buy CRV on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy New Cryptocurrency

Looking to invest in the best cryptocurrencies mentioned above? If so, the two guides below will show you how to invest in Lucky Block and how to buy cryptocurrency with eToro – all in four simple steps!

We recommend eToro for cryptocurrency trading since the platform is heavily regulated and offers tight spreads on all tradeable coins. In addition, eToro even provides a free crypto wallet for all users to store their holdings safely, including bitcoin.

How to Buy Lucky Block

• Step 1 – Create a Crypto Wallet: Set up a crypto wallet that can connect to the Binance Smart Chain, such as MetaMask or the Trust Wallet.
• Step 2 – Buy BNB: Purchase some Binance Coin (BNB) from a reputable broker or exchange.
• Step 3 – Connect Wallet to PancakeSwap: Head to the PancakeSwap website and link your crypto wallet.
• Step 4 – Buy Lucky Block: Search for ‘LBLOCK’ on the tokens page, enter the amount of BNB you’d like to exchange for LBLOCK, and confirm your position.

Buy Lucky Block Now

Cryptocurrency markets are highly volatile and your investments are at risk. 

How to Buy Cryptocurrency on eToro

• Step 1 – Sign Up for eToro: Click ‘Join Now’ on eToro’s homepage, enter your email address, and choose a username and a password.
• Step 2 – Verify Account: Complete eToro’s KYC checks and upload photo ID and proof of address for verification.
• Step 3 – Deposit: Deposit at least $10 into your account.
• Step 4 – Buy Cryptocurrency: Search for your chosen crypto in the search bar and click ‘Trade’. Enter your rs p2p money making guide 2022 size in the order box and click ‘Open Trade’.

Buy Cryptocurrency Cryptocurrency you should invest in are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, cryptocurrency you should invest in, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

12 Best New Cryptocurrency to Invest in 2022 – Conclusion

In summary, this article has discussed the best new cryptocurrency to buy in 2022, presenting numerous coins that have exceptional price potential.

Overall, our number one pick within the crypto market is Lucky Block. Thanks to compelling use cases and regular monetary rewards for LBLOCK holders, Lucky Block looks set to be one of the coins with the highest potential during 2022.

Buy Lucky Block Now via PancakeSwap

Cryptocurrency markets are highly volatile and your investments are at risk.