5 Best Cryptocurrency To Invest In 2022 Which Will Explode Looking further afield, this article explores the five best new cryptocurrency to invest in 2022
By Srivatsa KR
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The year 2021 was a superb year for digital currencies across the board, with some crypto assets making four-digit percentage gains. Looking further afield, this article explores the five best new cryptocurrency to invest in 2022.
Lucky Block: Overall Best Penny Cryptocurrency to Buy in 2022
Our research concluded that Lucky Block is the overall best new cryptocurrency to buy in 2022. In a nutshell, Lucky Block is looking to revolutionize the global lottery industry by bringing this age-old game of luck to the blockchain protocol.
This project not only believes in fairness and transparency, but it guarantees these core principles through smart contract technology.
Those engaging in the Lucky Block lottery game will also benefit from more favorable odds, not least because there is no requirement for third-party intermediaries. This will also result in faster payouts for those holding a winning virtual ticket.
The team behind Lucky Block has big plans lined up in terms of global exposure and marketing, with advertisements already live on London tubes and buses.
The best thing about this up-and-coming cryptocurrency is that the token is still in its pre-sale stage. And as such, you have the opportunity to purchase the Lucky Block token at a highly favorable price.
If like us you believe that Lucky Block could be the best cryptocurrency to invest in 2022, we explain how to purchase this digital asset further down.
Yearn.finance: Top Cryptocurrency Project That Aims to Decentralize Financial Service
Next up in our list of the best cryptocurrency to buy in 2022 is Yearn.finance. Launched as recently as 2020, this project aims to decentralize financial services. It does this by removing the need to employ a third-party when conducting traditional financial transactions.
At the forefront of this is the Yearn.finance lending protocol. Put simply, those looking to borrow capital on a short-term basis can do so by putting up collateral in the form of cryptocurrency.
And, those funding loans on the Yearn.finance platform will earn interest in return for lending their capital out. In terms of its native token - YFI, it is trading at well over $30,000 per token as of writing.
You can, however, invest from just $10 when using a regulated broker like eToro - which supports fractional purchases.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Solana: One of the Best-Performing Cryptocurrencies Over the Past Year
If you're wondering which cryptocurrency to buy in terms of token performance, look no further than Solana. Put simply, this blockchain project is seen by many as a potential rival to Ethereum.
Largely, this is because Solana is able to facilitate transactions at a much faster rate and in a more scalable manner.
Moreover, Solana is able to host decentralized applications just like Ethereum, albeit, transaction fees are significantly lower. In terms of its price action, Solana was valued at just $2.40 per token in the 12 months prior to writing.
In mid-2021, the token hit highs of $258. This translates into parabolic growth of over 10,000%. Solana has, however, dipped to $150-ish as of writing, so you now have the chance to make a purchase at a significant discount. Numerous sites report that Solana is available at the best UK crypto exchanges.
Buy SOL on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Shiba Inu: Cheap Cryptocurrency to Buy With Huge Gains in 2021
Another cryptocurrency to consider adding to your portfolio in 2022 is Shiba Inu. This cryptocurrency - which was launched as recently as August 2021, was initially created as a meme coin to rival Dogecoin.
The founders explained that those buying Shiba Inu would have the opportunity to make the same sort of gains that Dogecoin generated in early 2021. And to put it frankly - they were right. This is because Shiba Inu has increased the value of its token by millions of percentage points since it was launched.
It can be somewhat challenging to evaluate the price of Shiba Inu at first glance, as this digital token is valued at a minute fraction of a cent. For instance, as of writing, one Shiba Inu token will cost you $0.00003028.
This is great news for those that are wondering which cryptocurrency to invest in 2022 at a low entry price. At current prices, a $100 investment would get you over 3 million Shiba Inu tokens.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Dogecoin: Benefit From Free Token Promotion via Elon Musk
Like all of the other cryptocurrencies that we have discussed thus far, Dogecoin had a tremendous 2021 in terms of token growth. In fact, at one point, Dogecoin was looking at gains of over 14,000% when it breached highs of $0.73.
Although this cryptocurrency project isn't new per-say, it must be noted that Dogecoin remained flat for several years prior to the turn of 2021. But, once Elon Musk made his views clear on Dogecoin - through various Tweets and even TV show interviews, the markets reacted super-positively. Numerous sites testi
And much like the previously discussed Shiba Inu, Dogecoin is another digital asset that you can buy a huge number of tokens in without needing to break the bank.
Buy DOGE on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Cryptocurrency: Quickfire Walkthrough
If you like the sound of some or all of the cryptocurrencies we discussed above, the purchase process will vary depending on the project.
How to Buy Lucky Block
Lucky Block is currently in its pre-sale stage, so you invest in this project at the best price possible.
- Visit the pre-sale portal on the Lucky Block website
- Securely connect your wallet to the Lucky Block portal. Trust Wallet is best for this purpose.
- Enter the number of Lucky Block tokens you wish to buy.
- The corresponding amount in BNB will be displayed.
- Confirm the purchase.
And that's it - once the pre-sale campaign is over, your Lucky Block tokens will be sent to the wallet you connected in Step 2.
Read more about Lucky Block.
How to Invest in Cryptocurrency
If you like the sound of the other cryptocurrencies we discussed today - namely Yearn.finance, Solana, Shiba Inu, or Dogecoin - all of these tokens can be purchased on a spread-only basis at eToro in less than five minutes.
- Visit the eToro website and open an account
- Quickly upload a copy of your ID - which will be verified instantly
- Deposit funds with a debit/credit card, Paypal, or bank wire
- Search for the cryptocurrency you want to buy
- Enter your stake ($10 minimum) and confirm the order
The cryptocurrency tokens will then be added to your eToro portfolio. If you need information on how to buy cryptocurrency uk specifically, then check out BuyShares.
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.
Best New Cryptocurrency to Buy 2022: The Verdict?
This market insight found that Lucky Block is potentially the best cryptocurrency to buy in 2022.
This project is still in its pre-sale phase, so you have the opportunity to enter the market at a highly favorable price.
Just make sure that you consider the risks when buying cryptocurrencies - as digital assets are highly speculative financial products.
Note: Investment in cryptocurrency is subject to risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.