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Are you planning to buy cryptocurrencies in 2022? Cryptocurrency investing is a big way to spread your portfolio, reduce risks in the difficult times, and work as a store of assets. If your are new to the crypto market it might be confusing and even intimidating to decide which crypto to choose in the large market.
Letizo.com, as we said, is a place where you can learn, find the latest updates, and better your knowledge of crypto news. It can be the starting point of your journey in exploring cryptocurrency. We update Letizo news every 15 minutes so you can stay in tune with what is going on with the market in real-time. According to the current market trends and on the basis of metrices such as growth potential, future buildups; we have roundup 10 cryptocurrency to invest in the year 2022. Some tokens in our list of best new cryptos are established with a huge market capitalization, others are still up and coming.
Top 10 CryptoCurrencies to Watch out and Invest in 2022
1. Bitcoin (BTC)
Bitcoin is overall the best choice crypto to buy as a beginner. Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. Have you wondered if you can buy Bitcoin despite its high price? If you're just starting in the crypto asset room for the first time - Bitcoin could be the most undervalued crypto to buy today. This is because the leading crypto is a lot less volatile. After all, BTC is the biggest crypto asset in market capitalisation.
2. Lucky Block
Lucky Block is a new crypto games platform that aims to revolutionise billion global industry around prize draws, giveaways and play-to-earn games by solving, among other things, the lack of transparency and trust in current lottery products. Lucky Block envisions a worldwide lottery with players using blockchain protocols, operting on the Binance Smart Chain. Lucky Block is a blockchain-based lottery platform that has significant advantages over traditional online and offline lottery systems. Breaking the grip of the centralised lottery operators by applying the power of Web 3.0 decentralised networks is how Lucky Block plans to succeed.
3. XRP
XRP is the digital token backed by Ripple. Ripple specializes in cross-border payments for banks and financial institutions. XRP is a useful token providing low transaction fees and fast transactions. Facilitated via blockchain technology, Ripple and XRP transactions take no more than five seconds to process. Also, Ripple's technology is being used by dozens of banks for facilitating transactions across the globe.
4. ApeCoin (APE)
Another top crypto to invest this current year is ApeCoin. The gaming coin was launched in 2022 by the team behind Bored Ape Yacht Club. It's a platform made up of 10,000 non-fungible tokens (NFTs). This coin offers some of the best altcoins to buy. APE is a token for culture, gaming, and commerce that the community owns and can build on.
5. Terra (LUNA)
Terra is a blockchain payment platform for stablecoins that relies on keeping a balance between two types of cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, are tied to the value of physical currencies. Their counterweight, Luna, powers the Terra platform and is used to mint more Terra stablecoins.
Terra stablecoins and Luna work in concert according to supply and demand: When a stablecoin's price rises above its tied currency's value, users are incentivized to burn their Luna to create more of that Terra stablecoin. Likewise, when its value falls compared to its base currency, this encourages users to burn their Terra stablecoins to mint more Luna. As adoption of the Terra platforms grows, so too does the value of Luna.
6. Binance Coin (BNB)
Currently the third-largest crypto by market cap, BNB had a great financial trading year 2021, and it's not surprising at all when you look into all the different parts of the crypto market Binance has invested in. First and foremost, Binance Coin gets much of its value by operating as a discount token at the Binance Exchange; traders can get a discount on trading fees when they use the token.
Today, the BSC is the third-largest platform for DeFi projects, ahead of Bitcoin and second to Ethereum, and as the DeFi market continues to grow, BNB usage could grow too. And finally, it's worth mentioning that if there is another significant bull run in 2022, holding BNB could pay off massively as traders flock to the Binance Exchange - the largest crypto exchange in the world.
7. Shiba Inu - One of the Most Popular and Cheapest Cryptocurrency
Shiba Inu shot to fame in 2021 with some of the largest gains ever seen in the cryptocurrency space. In fact, since this popular cryptocurrency was founded in August 2020 - the token has exploded to a multi-billion dollar top-20 digital asset by market capitalization.
The SHIB price is now $0.00002 - if you were to invest just $50, you would get yourself over 2.5 million tokens. As such, not only is Shiba Inu one of the best-performing crypto assets in the market - but also the cheapest.
8. Cardano (ADA)
Cardano is defined as a third-generation cryptocurrency that aims to improve the scaling issues of Bitcoin and the smart contract deployment principles of Ethereum. The number of smart contracts based on Cardano has seen tremendous growth, which could help Cardano to compete with Ethereum. 2022 could finally be the year to watch for as traders who have been buying up ADA in anticipation. Aside from smart contracts, Cardano also launched other features such as token creation.
Cardano aims to improve scalability, security, governance, and interoperability with traditional financial systems and regulations, by learning from and improving on lessons learned in the Bitcoin and Ethereum communities.
On top of that, Cardano had some of its best performance ever in 2021, gaining over 720% at the start of the year and at one point momentarily took the third spot of the largest cryptocurrency by market cap.
9. Litecoin (LTC)
Litecoin (LTC), an open-source blockchain project launched in 2011, was created by former crypto exchange Coinbase software engineer Charlie Lee. It was one of the initial cryptocurrencies whose code is imitated from Bitcoin's. Despite the fact that it has similarities with Bitcoin, it is developed to have a faster transaction confirmation time. It can be used as an avenue for paying people around the world without a mediator. LTC is frequently considered as ?silver to Bitcoin's gold.?
The average block creation time on the Litecoin blockchain is approximately 2.5 minutes. The total supply limit of Litecoin is with 84 million coins, much higher than the 21 million supply limit of Bitcoin.
10. Dogecoin
Dogecoin is a decentralized peer-to-peer digital currency that allows you to easily send money online. Dogecoin is the best-undervalued crypto to invest in 2022 for upside potential. It was one of the most popular cryptos to buy last year. After all, Elon Musk often tweeted about it positively, which helped the meme coin achieve huge returns. But is Dogecoin a good investment in 2022? To explain more, at the start of 2021, Dogecoin was trading for just $0.002. After the launch, the Dogecoin cryptocurrency has experienced a wide range of success and exposure.
Introduced as a ?joke currency?, Dogecoin has grown from a capital of 60 million dollars in 2014 to a crypto currency with a size of 10 billion US dollars as of 2021.
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