The “crypto winter” is still in full swing due to a combination of factors that have dampened sentiment in the financial markets. However, 2022 will see the emergence of many new cryptocurrency projects with extraordinary potential to offer a glimmer of hope at this difficult time.
Best new cryptocurrencies to buy in 2022
Let’s take a look at these projects and see why they are attracting the attention of investors.
Battle Infinity – The absolute best new cryptocurrency to buy in 2022
Our favorite in terms of the best new cryptocurrencies of 2022 is Battle Infinity (IBAT). Battle Infinity is a new cryptographic gaming platform that combines elements of the Metaverse with Game for Money (P2E). The combination of these two concepts creates an exciting ecosystem where players can interact with other players and generate tokenized rewards.
Battle Infinity’s flagship is the IBAT Premier League, a fantasy sports league integrated with NFT. The IBAT Premier League allows users to create sports teams and earn points based on their actual performance. Battle Infinity awards prize based on which user tops the leaderboard or completes daily tasks.
These rewards are represented by Battle Infinity’s native token, IBAT. IBAT is the underlying BEP-20 token for the entire Battle Infinity ecosystem and can be used to purchase in-game assets from the Battle Market. These assets are built as NFTs, user avatar add-ons, and the virtual land of Battle Arena, the rich virtual world of Battle Infinity.
The Battle Infinity ecosystem also has a token exchange service, a P2E game store, and a built-in Strike mechanism, giving users a true all-in-one experience.
While the platform is still in development, investors looking to fuel Battle Infinity’s growth can purchase IBAT for $ 0.0015 per token through an ongoing presale. For more information, you can join the Battle Infinity Telegram group for regular updates on the progress of the project.
Lucky Block – New Crypto Project, Exciting Token Update
Another fantastic new cryptocurrency to invest in is Lucky Block (LBLOCK). Lucky Block is a crypto game that caught the market’s attention when the original LBLOCK token was launched on PancakeSwap in early 2022. The launch was a huge success, with the token rising more than 3,000% off the price. presale.
Lucky Block’s main feature is an innovative daily contest to allow users to win in a fully decentralized way. These prices are represented in LBLOCK. This means that the dollar value of these prices increases with the price of LBLOCK.
One of the coolest updates to the Lucky Block ecosystem is the upcoming release of LBLOCK v2. This token uses the ERC-20 standard instead of the BEP-20 standard used by the original LBLOCK. LBLOCK v2, therefore, opens up several interesting opportunities, including listing on the main centralized markets (CEX).
Some quotes have already been confirmed, such as the LBank listing on July 25 and the MEXC listing on August 1. These quotes will make LBLOCK investments accessible to new groups of traders, leading to increased liquidity and positive price action.
Finally, LBLOCK v2 does not have a built-in sales tax, making the coin a viable option for day traders and scalpers. If you want to learn more about LBLOCK (and the Lucky Block ecosystem), join our official Telegram group or join our Discord server.
Loopring: An Innovative Scaling Protocol for Ethereum
Loopring (LRC) is software running on the Ethereum network that aims to reduce scalability issues associated with creating and interacting with dApps. Using a form of cryptography called zero-knowledge pools (zkRollups), which are essential “batches” of transactions, which are then sent back to Ethereum for verification.
This approach makes network operations more efficient, reducing the cost of gas that has plagued Ethereum users over the past 18 months. The flows also help power decentralized exchanges (DEXs), with the main difference being that they are based on order books rather than pools of liquidity. Investors looking to access the growth of Loopring can buy the protocol token, LRC.
ApeCoin: a popular coin with strong community support
ApeCoin (APE) is a new listing of cryptocurrencies closely related to the Bored Ape Yacht Club (BAYC), a popular NFT group favored by celebrities and A-listers. While the APE is not offered directly by the BAYC (Yuga Labs) team, the token is closely related to the chain and has been chosen as the original coin for Yuga Labs’ next Metaverse project, “The Otherside.”
This new cryptocurrency project has seen tremendous growth thanks to its ties to BAYC and has already garnered a lot of support from the community. In addition to its potential as an “emoji”, ApeCoin has several other usage scenarios, such as its integration with the game Benji Bananas. Finally, since ApeCoin is governed by a Decentralized Autonomous Organization (DAO), all token holders have a say in the future direction of the project.
Avalanche: A New Highly Sophisticated Blockchain
Avalanche (AVAX) is an open-source blockchain network that allows developers to create dApps with full smart contract support. The network aims to overcome the scalability issues of large blockchains like Ethereum by providing a high-throughput “avalanche consensus protocol.”
Instead of using a single chain, Avalanche uses three separate chains, each dealing with a specific set of tasks. This approach allows Avalanche to process around 4,500 transactions per second with a target time of fewer than 3 seconds, factors that will appeal to developers looking to build complex dApps.
Celo: Level 1 Mobile Blockchain
Celo (CELO) is last on our list of the best new cryptocurrencies to invest in. Celo is a Tier 1 blockchain network that uses the Proof of Stake (PoS) protocol and is designed to be compatible with mobile devices. Like other blockchains, Celo allows users to interact with dApps, of which there are many in the DeFi world.
Celo offers inter-chain interoperability and the ability to pay network fees using stablecoins, features that are relatively rare in the blockchain space. Additionally, since Celo is EVM compatible, developers who are already building dApps on the Ethereum network can easily migrate them to Celo to take advantage of shorter block times and lower gas costs.
How to find new coding projects
Finding the best new cryptocurrency to buy can be challenging, especially given the saturation of the cryptocurrency market. However, the methods listed below can help investors identify high-potential projects with strong credibility:
Take advantage of social media
Social media has become an invaluable resource for crypto investors, with many projects choosing to use Reddit and Twitter as marketing channels. According to Statista, the number of Twitter users is expected to reach nearly 500 million by 2025. As a result, more discussions based on cryptocurrency will take place on the platform, providing investors with an efficient way to find new projects.
Show the white paper and the roadmap
Once a project is found, it is necessary to review the white paper and roadmap. These two elements are essential in determining the longevity of a project because they provide information about the development team, upcoming programs, and marketing campaigns. If the project roadmap is attractive and achievable, it can help guide investments throughout the development phase.
Censorship of encrypted media
Finally, investors can also find new projects by checking out articles published in crypto media. These articles are often more objective than the information available on social media, so they can provide a clearer picture of the potential of the project.
Decide if you want to invest in a new cryptocurrency
Here is the main factors to consider before deciding which new crypto venture to invest in:
KYC Verification – Know Your Customer (KYC) verification occurs when the platform requests credentials during the setup process. Verified KYC projects tend to be more credible as teams provide personal information such as names and testimonials. Battle Infinity is our pick of the best new cryptocurrency investments and has been KYC verified on CoinSniper, the leading cryptocurrency analytics platform.
Audit – As defined by CoinMarketCap, an audit is the examination and analysis of smart contract code to ensure that there are no errors or security vulnerabilities. Audited projects (such as Battle Infinity) have a higher degree of security because they significantly reduce the risk of users and investors engaging in fraud.
Experienced Development Team – Finally, researching a development team is essential before investing in any new crypto project. Ideally, the team should have direct experience in the field in which the project is taking place. For example, DeFi projects can be more successful if team members have experience working in the field.