New Cryptocurrencies to Buy in 2022

Despite the market’s bearish trend, new projects are gradually solidifying their positions, and many investors are excited about the industry’s future. At the same time, there’s the age-old rule of market downturns being the ideal time for you to find the best new cryptocurrencies to buy because of their low prices.

If you’ve been a crypto investor long enough, you’d be excited to buy the dip and prepare for price gains. With that in mind, we have some of the best new cryptocurrencies to buy this year to turn a massive profit.

1. Lucky Block (LBLOCK)

First on our list of the best new cryptocurrencies to buy this year is LBLOCK, the native taken for Lucky Block.

Lucky Block was built to provide an ecosystem of engaging games, available to everyone. Using blockchain technology, the platform optimises transparency and fairness in transactions. The holders of LBLOCK can log on to the platform and access all the games available on the platform seamlessly.

LBLOCK launched in January 2022 to massive fanfare. In less than a month, the asset’s price jumped by over 4,000% from its listing price of $0.00020 to an all-time high of $0.0096. Today, the asset trades at $0.0012 – down by 12.01% in the past 24 hours.

Despite the price drop, there’s a lot of excitement surrounding LBLOCK presently.
Last month, the Lucky Block developers took a bold marketing step by signing boxing legends Dillian Whyte and Florian Marku as ambassadors. They also revealed that LBLOCK already has up to $50,000 users. A new coin gaining such users in a short time could be a sign of strong investor demand.

Furthermore, the Lucky Block developers are set to launch daily jackpot draws this month. The total prize pool for these draws is set at $2.2 million, with tickets costing $5 each. However, LBLOCK holders will be able to enter the draws for free. We expect to see an uptick in activity and token holding as a result of this.

2. DeFi Coin (DEFC)

DeFi Coin is the native token for the DeFi Swap decentralised exchange. The digital asset is not a new coin, but it appears to be amassing a fresh wave of excitement. Several investors believe that DeFi Coin is among the best new cryptocurrencies to buy.

DEFC currently trades at $0.47 – a mild drop of 0.1% in the past 24 hours. This is impressive when compared with the huge price drops of several large-cap coins in the same time period. In fact, over the past week, the price of DeFi Coin has seen a surge of 422%.

Last week, CoinMarketCap – the industry’s leading data aggregator – added DEFC to itsprice tracker. The asset was also recently listed on Bitmart – a top centralised exchange.

Scott Ryder, the inventor of DeFi Coin, informed news reporters that they intend to list on other centralised exchanges to effectively maximise the reach of the asset.

3. Chiliz (CHZ)

With more sports and entertainment brands making their foray into Web3 to bolster their engagement, Chiliz is one platform that many investors are looking to as the next big thing in crypto. The platform provides a toolkit that makes it easy for brands to engage with their fans – whether it’s by creating NFTs or launching fan tokens.

Chiliz’s native token – CHZ – currently trades at $0.13 – a drop of 6.55% in the past 24 hours. The market downturn has played a part in the digital asset plunge over the past day. Still, analysts expect a very bright future for this platform and its native token.

In March, Chiliz launched a testnet for its layer-1 blockchain network – called Chiliz Chain 2.0. The network will help brands with incorporating Web3 projects – from creating NFTs and fan tokens to building decentralised finance (DeFi) applications and play-to-earn (P2E) games.

4. ApeCoin (APE)

Coming next on our list of the best new cryptocurrencies to buy is ApeCoin. The digital asset has remained popular since its launch two months ago, thanks to its close ties with Yuga Labs – the creators of the Bored Ape Yacht Club non-fungible token (NFT) collection.

Today, APE trades at $7.89 – up by 12.62% in the past 24 hours. The digital asset is so far one of the only large-cap coins to beat the broader market’s performance – no mean feat, considering the current bearish trend.

ApeCoin has been on a rollercoaster ride since its launch. The hype surrounding the digital asset is a result of the popularity of the Bored Ape NFT collection. In addition, the launch of Otherside NFTs – digital representations of land for Otherside, the metaverse project from Yuga Labs – increased the hype.

The Otherside NFT drop sold out in record time, with Yuga Labs cashing out $300 million from the sale.

While the hype has died down due to the market downturn, the success of the Otherside NFT sale has shown that Yuga Labs is still the biggest name in the NFT space for now. When the company eventually launches the other side metaverse, we expect to see ApeCoin go bananas again – pun intended.

5. Terra (LUNA)

Many investors believe that Terra’s LUNA token could be a big winner for 2022 in the crypto market. The asset has consistently delivered gains to investors, mirroring the popularity of the Terra ecosystem.

Terra operates as a platform that enables the creation of high-performance stablecoins. Assets created in this ecosystem can be pegged against different fiat coins, with Terra’s official stablecoin – UST – helping to provide price stability for them all.

At press time, LUNA trades at $4.54. Even with the market downturn, LUNA has managed to solidify its place as one of the most valuable coins in the market.

In terms of fundamentals, there’s a lot to consider with Terra. Last month, UST officially flipped the Binance Dollar (BUD) to become the third most valuable stablecoin in the market. Considering that the asset wasn’t in the top 5 when the year began, analysts believe that it is only a matter of months before UST starts chipping at the big stablecoins – USDC and USDT.