It’s quite a confusing market with more than 16000 digital assets circulating now in 2022. Given that, more and more of the investors are constantly searching the market for more lucrative cryptocurrencies to expand their wealth. The newer alt-coins are no exception to the potential of blowing up in value anytime in the future but which ones to count on can be tricky.
So here we are going to walk you through the best newer cryptocurrencies to consider investing in before their value skyrockets in 2022. So without further ado, let’s jump right into it.
Newest potentially profitable Alt-coins for investors in 2022
The list is not exhaustive as we’re going to go over the top 5 newer digital tokens for those looking to expand their digital assets wallet and do a lot of speculating.
Yearn.finance is a platform connecting borrowers and investors to create and run a decentralized financial system.
It’s a project you should consider exploring in 2022 as it is moving up with a strong momentum. It was noticed that just in the first week of 2022, while Bitcoin and a few other major digital currencies were more or less stagnant, Yearn.finance rose 86% in value.
The early investors of this project are now profiting greatly considering in the beginning of 2021 Yearn.finance would have to be paid around $22000 per token while just in the next 5 months the same token was recorded to be worth $93000. This can be translated to a whopping 320% gain in value over less than half a year.
Now it may seem like a big price per token but just like Bitcoin and some other cryptocurrencies, it can be fractionated. If you use a broker like eToro which is newbie-friendly, you can meet the minimum investment easily at $10.
This token is one to constantly outperform Bear markets and if you’re looking for investing in a counter-bearish-market digital coin come 2022, Terra should be your top pick. With its underlying LUNA token, Terra is known to often outperform the market even when Bitcoin and the other big ones lose value and slow the market down with them.
For instance, take the first week of 2022 when Bitcoin was observed to have a sluggish movement of just 0.34%, Terra has been gaining value to average an increment of close to 52% which is a clear violation of the momentum the crypto giants had for that week.
A little background of the mechanisms of this token is the fact that its protocol aims to stabilize Terra stablecoins that are fixed for controlling the currencies like Japanese Yen and US dollars.
Utilizing the Terra platform enables you to earn rewards through staking while you can vote for the future of Terra protocol via governance.
Launched back in 2022, PancakeSwap is basically a decentralized exchange platform. It enables the sellers and buyers to purchase tokens without the involvement of a third party. It’s considered the go-to exchange platform for the latest cryptocurrencies which are based on the Binance Smart Chain.
PancakeSwap has already brought millions of traders to their business alongside locking billions of dollars worth of liquidity in their hustle. They’ve also come a long way from just trading as they’ve entered the additional markets including crypto staking and farming. By september 2020, its native digital coin called CAKE stood at a price of $1.10.
However, around the mid of 2021, the price of the CAKE token hit a record high of $44 which indicated the potential of profitability. Although it was observed to have dropped to $12 moving into 2022 so it offers an excellent opportunity for investing considering the affordability and the speculation of profitability.
This digital asset is considered one of the best newest cryptocurrencies to buy in 2022 with its aim to revolutionize the lottery industry worldwide. It plans to achieve this through decentralizing the process of lottery using blockchain technology. This means that people will be able to play lottery games from their homes without the need of a central operator to regulate the game.
Luckyblock assures its users of legitimacy and integrity with their gaming functions being carried out and governed by smart contracts. This means that the games will be true and fair, contributing to the fact that nobody is able to manipulate the outcome as any internal or external actor.
Their digital token is in its pre-launch phase and will be introduced through the exchange platform called PancakeSwap some time around the beginning of 2022. Investing in this project can be done through purchasing their digital token and it seems to be another profitable project to get your hands on once it’s launched.
#5 Shiba Inu
This alt-coin rose to prominence out of nothing in a breathtakingly short time. Being launched in August of 2020, it was valued at $0.000000000078 by 2021. It rose to fame by November of 2021 where it reached a record high value of 0.0000312. If we break it down in percentage, we’d be dealing with an exponential increase of 40 million% in less than a complete year of trading which means it’s an insanely productive cryptocurrency which investors should definitely consider hauling up with going into 2022.
Even though experts don’t necessarily think that gains like this are possible ahead, there’s still a chance of improvement and profiteering potential overtime with this digital coin being listed on most of the major exchanges out in the market including Binanace, eToro, Coinbase, Crypto.com, Huobi, etc.
This makes the daily trading volumes for Shiba Inu to cross $3million, contributing to its popularity and success.
Whether you’re a new investor or an experienced one, these new digital assets are a great option to start off your year 2022 with. With the main advantage being that most of these are affordable and have potential for extreme growth over the next year as well as cryptocurrencies generally gaining more and more recognition worldwide, now’s the best time to consider investing in these.