Cryptocurrency is the digital coins that are giving 10X to 20X returns within 1 year. But you should require perfect knowledge about the crypto world.
You can read our article for beginner’s tips for Crypto investment.
In this post, I give you the 5 best new Cryptocurrencies to invest in in 2022. This all currency gives you a high return within a year.
Check out the list…
What is a Cryptocurrency and Why Should You Invest?
Cryptocurrency is a digital currency that is designed to be secure and anonymous. It is a type of digital currency because it uses cryptography to generate and manage the currency. In other words, cryptocurrency is a medium of exchange that utilizes cryptography to secure transactions.
In order to invest in cryptocurrencies, you would need to find an exchange that deals with the coins you want to invest in. This will allow you to purchase coins using an existing cryptocurrency or fiat money like USD or GBP.
You will then need a wallet where you can store your coins, which can be done through a website, application, or hardware device. Lastly, you can trade your coins for other cryptocurrencies on the same exchange if they are listed there.
5 Best New Cryptocurrencies to Invest In 2022
The following are the 5 best new cryptocurrencies to invest in in 2022.
1. PancakeSwap
PancakeSwap is a decentralized exchange that was launched in late 2020. The main goal of the project is to create a marketplace where users can swap between different cryptocurrencies without any third parties, like banks or exchanges.
The PancakeSwap platform does not offer margin trading, lending, deposits, and withdrawals.
PancakeSwap’s protocol is based on atomic swaps – a technology for cross-chain trading that allows users to trade different cryptocurrencies without relying on any third-party’s services.
The technology eliminates the need for centralized exchanges or other intermediaries by directly connecting two parties over the blockchain who agree to trade one cryptocurrency for another.
PancakeSwap’s additional markets have been a breath of fresh air. Not only does it allow native token holders to stake their CAKE, but also trades it for other cryptocurrencies, all while growing in market price.
PancakeSwap is an excellent alternative to other exchanges that have been accused of being unreliable or unsafe by the community.
Also Read: 6 best apps to buy crypto in India
2. Cardano
Cardano is a blockchain platform with a focus on security and scalability.
Cardano is developing a smart contract platform for the Ada cryptocurrency. They are looking to create a strong, secure, and scalable blockchain.
The Cardano team is building their own programming language for use on the blockchain, called Plutus, which will enable formal verification of code and smart contracts. This will help to boost security and prevent vulnerabilities like those seen in the recent Ethereum hack.
One of the most talked-about cryptocurrency investments of the year is Cardano. Launched in 2015, the coin has given investors a 374% return in just one year.
3. Binance Coin
Binance Coin is the cryptocurrency of the Binance cryptocurrency exchange. It is a token that has been created to enable traders to reduce trading fees by 50% on a recurring basis, as well as access other features on the Binance exchange.
Binance Coin was introduced at ICO and only 20 million tokens will ever be created, with 10% going to early investors and another 10% going to company founders and angel investors.
Binance Coin has seen a huge jump in popularity and success recently. Several rounds of token burn events have helped to up the price and push it up to one of the top ten cryptocurrencies by market capitalization.
Also Read: Best 5 Cryptocurrency Stock to buy
4. Shiba Inu
There’s been a rise in interest in Shiba Inu, a digital currency that launched in 2020. As of late 2021, this coin is going for the unusually low price of $0.000000000078 per coin.
Recent news has indicated that Shiba Inu has risen in value at staggering rates. The coin jumped from trading at $0.000000000078 to $0.0000011424 in just a week.
In less than 12 months, Shiba Inu generated gains of nearly 40 million%.
Although you might not see a sudden increase in value, there is still a lot of room for the price to increase significantly. There’s a constant buzz around this crypto asset and it can be found on major trading platforms.
5. Fantom
Fantom is a new Blockchain-based platform that is energy efficient and scalable for DAG applications.
Fantom was created to solve the problems of Bitcoin. Bitcoin is energy inefficient and not scalable for high transactions. Bitcoin’s technology, the blockchain, has been around since 2009 and there are some problems with it, such as big blocksize, slow speed of transactions, high transaction fees, etc.
The Fantom team decided to create a new blockchain-based platform called Fantom to address these issues with Bitcoin’s blockchain technology. They have come up with their own solution that they have named the ‘Fantom Protocol’ which solves these issues by providing an energy-efficient and scalable platform for DAG applications.
Fantom is a company that invests in cryptocurrencies. They have been in business for a year and have given investors a 13,216.0% return on their investments.
Also Read: How to start bitcoin trading in India
Bottom Line
This article has given insight into the top new cryptocurrencies to buy in 2022. We found that cryptocurrencies like Shiba Inu, Binance, Fantom, Cardano, and Pancakeswap are ones worth keeping an eye on.
Grow your financial career with Crypto investment and earn a 10X return.
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