Cryptocurrencies have been excelling in both value and popularity over the last few years, making them an interesting and potentially lucrative addition to any investment portfolio.
The gold standard in cryptocurrencies has long been Bitcoin, while several other players have entered the blockchain arena, including such popular option as Ethereum.
However, new cryptocurrencies have recently been created that promise to provide strong growth potential going forward. In this article, we list the 5 best new cryptocurrencies to consider adding to your portfolio in 2022.
1. Lucky Block
Developers and entrepreneurs can use Lucky Block, a free, open-source blockchain software protocol, to build high-performance blockchain applications.
Like Bitcoin Billionaire, these open source programs are based on the Bitcoin trading apps. Using Bitcoin Billionaire, some people have made millions of dollars by trading Bitcoins autonomously.
In terms of its investment potential, the price of Lucky Block has risen to $0.001238 in less than 24 hours since it was published on the decentralized market PancakeSwap. If you acquired the coin at the pre-sale price of $0.00015 when it was initially listed, you would have seen a gain of 854 percent.
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2. Stellar Lumens
Stellar is the name of the network, and Lumens is the name of the currency that runs on it.
The basic idea behind this initiative is to make international commercial transactions between individuals and private companies easier, faster, and less expensive. It just takes a fraction of a cent to conduct a transaction, making it much more convenient.
With about half of its original Lumens left, Stellar isn’t planning on producing any more anytime soon. Because the coin will become scarcer, this may cast doubt on its investment potential.
In actual fact, the Lumens that are still in existence should have a higher value because of their rarity. XLM might be a good investment for the long term because of the potential for increased value.
Cosmos is trying to become the primary provider of blockchain interoperability services, therefore this digital asset could be the most promising cryptocurrency to invest in at this time. Blockchain interoperability is the capacity of several blockchains to collect and exchange information.
Cryptocurrencies have emerged as a more efficient means of exchanging value across borders.
By working together with other companies, Cosmos helps to make sure that everyone in the business may benefit from new technologies. This is why Cosmos is one of the most widely used cryptocurrencies today.
4. Shiba Inu
It’s possible to categorize Shiba Inu as a meme coin, which was introduced in 2020. As a “Dogecoin Killer” project, it lacks real-world utility, which is why it was first referred to as such.
This should not deter you, though, as Shiba Inu is one of the fastest-growing cryptocurrencies ever. When the digital currency went public in August 2020, it was valued at more than $1 billion.
This has resulted in a 70,000,000% boost in the value of a single Shiba Inu token. However unlikely it is to see a recurrence of this growth, there is still a great deal of interest in this initiative.
5. Binance coin
There are more than 100 million traders on Binance’s books. With a market cap of over $80 billion, Binance Coin (BNB) is now the third-largest cryptocurrency.
Since Binance Coin’s introduction, the cryptocurrency has grown by more than 10,000 percent. As a result, a $1,000 investment made in 2017 is now worth over $100,000.
As a crypto exchange and a proprietary blockchain, Binance Chain competes with other emerging blockchain-based financial architectures like Ethereum, Cardano (ADA), Solana (SOL), and Polkadot (DOT), and the rate at which BNB is narrowing the gap on ETH/BTC is astonishing.