It is 2022 and the money market is predicted to fully go digital before December. The ever-booming crypto world is expected to surge with higher investment.
What this could potentially mean is a flurry of coins for buyers. With almost 16,000 digital assets now in circulation, knowing which cryptocurrency to invest in can be challenging.
In this article from best online casinos usa, we explore the four best new cryptocurrencies to buy in 2022.
According to research, Luckyblock represents the overall best cryptocurrency to buy in 2022. In a nutshell, this digital asset project is looking to revolutionize the global lottery industry.
The protocol does this by decentralizing the lottery process via blockchain technology. The main concept here is that anyone can play lottery games from the comfort of home without needing to go through a centralized operator.
To ensure that Luckyblock offers its players integrity and legitimacy, all gaming functions are governed and carried out by smart contracts. This ensures that every lottery game is true and fair – with no ability for internal or external actors to manipulate the outcome.
Those that like the sound of Luckyblock can invest in the project by purchasing its digital token – which is currently in its pre-launch phase.
Once the pre-launch concludes in early 2022, the Luckyblock token will be launched on Pancakeswap, with several centralized cryptocurrency exchanges also in the pipeline.
2 – Terra
When thinking about the best new cryptocurrencies to buy in 2022 – it is important to consider a number of projects that offer a safeguard against bearish markets.
After all, when Bitcoin is down, this typically brings the border markets down with it. With that said, a number of digital assets have a habit of outperforming bearish markets – one of which is Terra and its underlying LUNA token.
To illustrate this point – while as of writing Bitcoin has moved just 0.34% over the prior 7 days, Terra has increased in value by over 52%.
For those unaware of this project, the main concept is that the Terra protocol is tasked with stabilizing Terra stablecoins – which are pegged to fiat currencies like the US dollar and Japanese yen.
Those that utilize the Terra platform can earn rewards via staking and vote in the future of the protocol via governance.
3 – Solana
Launched in 2020, Solana has grown to become one of the most popular and dominant blockchains in the market in just a few years. It operates through a proof-of-history (PoH) consensus. By taking this alternative route, the blockchain stands as one of the most scalable ones in the market. Solana currently ranks as the fastest blockchain in the market, as it is believed to process around 60,000 transactions per second (TPS).
The TPS for the Solana blockchain is even higher than that of Visa, which makes this blockchain suitable for solving the issue of slow transactions in the traditional financial sector.
The other area where the Solana blockchain also scores highly is in its adoption by decentralized finance (DeFi) projects and non-fungible tokens (NFTs). In August 2020, Solana was used in developing one of the popular NFT collections in the market, leading to the price of SOL increasing by almost eight times, which made it one of the top crypto to invest in 2021. Sooner or later, it will be accepted on best Australia online casinos.
The other factor to note about Solana is its growing total value locked (TVL). The network’s adoption by developers has increased the demand for SOL tokens, and now, Solana ranks as one of the largest blockchains by total value locked.
4 – Cosmos
Cosmos, popularly known as ATOM made tremendous gains in 2021. The profits are expected to continue into 2022 because of the innovative technology behind the coin.
Cosmos ranks as one of the best coins to buy in the market. Known as the green alternative to Bitcoin Mining, Cosmos has been gaining a lot of traction and popularity due to its proof-of-work which is meant to be connecting an ecosystem of blockchains.
Blockchain transactions become more expensive as more decentralized applications pop up, which use the same networks as Ethereum, Bitcoin and Polygon (MATIC). These D’apps involve such things as Play to Earn games, NFTs, and Bitcoin wallets.
Furthermore, the Cosmos team comprises innovators that guarantee the project will emerge successful in the future. As such, the project has been under development over the past year and gained a lot of popularity. ATOM could be considered one of the best crypto to invest in 2022.