Cryptocurrencies – Many of you may have started diligently researching potential cryptocurrencies to invest in from the second half of this year. This time, we have selected 12 cryptocurrencies with great potential not only in financial markets, but also in cloud computing and content delivery networks (CDNs).
The parts that we paid attention to while deducing these cryptocurrencies are technology, adoption progress, execution, coin price, and marketing, and we have gathered them by coin ranking that is judged to have the capability to execute clearly in this field.
The cryptocurrencies we have chosen fall into four business types:
- Web 3.0 Coins
- Metaverse and Non-Fungible Tokens (NFTs)
- Decentralized Finance (DeFi)
- Data Management
12 New Cryptocurrencies to Invest in 2022
Before you start, if you want to know a brief concept about cryptocurrencies and how to buy them, we recommend that you read the article about buying cryptocurrencies in advance.
1. Lucky Block (LBLOCK) – an innovative blockchain-based cryptocurrency game
Lucky Block drew a lot of attention by starting the first prize draw and NFT prize draw from Monday, May 30th.
LuckyBloc is a cryptocurrency gaming platform with a bold goal of revolutionizing the global industry worth 330 billion dollars. In particular, we are trying to solve the problems of transparency and trust that are lacking in existing lottery products, and we are operating mainly on prize draws and play-to-one games.
LuckyBloc’s main success strategy is to apply the power of the Web 3.0 decentralized network, breaking down the dominance of traditional centralized lottery operations. Luckyblock was launched in early 2022 and immediately exploded in popularity, making it already one of the best new cryptocurrencies among investors.
What is guaranteed in Lucky Block is fairness. The winners of the lottery are chosen at random, and the algorithm is verifiable and impartial. Participants will also be able to vote on charitable donation initiatives, with a transparent view of where they are going.
Also, the savings from lottery on the blockchain helps ticket buyers to play better. The benefits don’t end there. Luckyblock, which launched a desktop app in May, also pays token distributions to all token holders. Therefore, 10% of all jackpots will go to the token holders.
There is also the additional attraction of a 12% transaction fee on sales of the platform’s own token, LBLOCK, which serves to encourage long-term investment for users. This is in stark contrast to the speculative trading commonly seen in the cryptocurrency market so far.
LuckyBloc’s mission is to replace the traditional products of the current industry with a truly global system open to all. Luckyblock is also the best cryptocurrency with a high coin ranking for less than $1.
The data in the table below is from Pancake Swap, a decentralized exchange as of early June. Coin volume was also referenced by LBank, a centralized exchange.
- The Manc Group
Best DeFi Cryptocurrencies in 2022
2. Defi Swap and Defi Coin (DEFC) – Decentralized Exchange and Native Token
DeFi Swap is a new concept decentralized exchange and holds its own token, DEFC Coin. This is a new platform launched after a long period of development, and it will bring a new wind to decentralized coins that have been slow for a while.
DeFiCoin recorded an astronomical 462% price increase in 14 days, as DeFi Swap announced several features (automatic liquidity pool, 10% transaction tax returning 50% of that amount back to token holders). Further price increases are expected accordingly.
Due to this strong price situation, DEFC is currently recognized as the best DeFi coin to hold in 2022.
In addition, DeFi coin interest farming is possible in DeFi Swap. APY plans vary from 30% (30 days) to 75% (365 days) depending on the duration.
Founder Scott Ryder said he will be announcing his future plans over the coming weeks, all of which he expects to influence the future of the market. DEFC is currently listed on the BitMart central exchange in addition to Pancake Swap, and plans to list it on other central exchanges are also being implemented.
DefyCoin founder Scott Ryder explains: “We will split the main wallet into three wallets. This is to ensure that all major central exchanges we plan to list have a main wallet that provides liquidity.”
So what will the other two wallets be used for?
One will be a separate marketing wallet. Finally, we will have a third dedicated wallet to fund development work on the exchange, helping to bring more liquidity to as many token trading pairs as possible on the DeFi swap. Rider revealed that this marketing wallet will be set up to sell $500 per hour of DEFC, and that the project also includes an automatic burn feature.
Currently, DEFC is still a small coin in terms of coin trading volume and holders. However, after dropping from an all-time high of $0.82, the cryptocurrency ranks high, which is likely to result in a strong price rise.
3. My Freedom Coin (MFC) – the world’s only anti-collision asset that offers loans without risk of liquidation
If the market crashes like it did back in May 2022, you’ll want to have My Freedom Coins back then. It is an asset that boasts a high ranking of cryptocurrency in such a crisis area.
My Freedom Coin is also called an altcoin that never loses money. This is because this unique DeFi project is designed by default with a “collision avoidance” mechanism.
This anti-collision principle relates to the lowest price the BUSD safe has ever produced. For example, assets in the vault will be continuously refilled through more coin offerings, and will benefit from transaction fees accumulated on the platform. In other words, as the total value of the BUSD vault increases and trades take place, the lowest price of the MFC also increases.
This decentralized platform is accessible on both iOS and Android, and you can buy and sell MFC with MFC as collateral, as well as get BUSD loans. However, you must have an invitation code to access the platform.
MFC can be purchased on the My Freedom P2P Exchange. The exchange charges a 2% transaction fee for both buyers and sellers. A 2% fee charged to buyers is included in MFC and completely excluded from distribution, helping to increase MFC’s lowest price. The 2% charged to the seller is used for the security and maintenance of the platform.
Users also need to pay a $50/month trading license to use the P2P exchange. Most of the funds from these fees will be used for community programs, but some will help create more demand for MFC Coins and increase the lowest prices.
Another great feature of this project is the BUSD loan with collateral. Users can utilize MFC as collateral through the platform’s ‘My Freedom Collateral Loan’. This collateral will allow you to get a BUSD loan with an interest rate of 0.98% per month. At the same time, a 0.5% loan processing fee is also charged.
And all these mechanisms contribute to raising the lowest price of MFC. Here’s an important point. If this lowest price reaches the price you invested in MFC, there is no risk in your investment as this price will never fall below it again.
This principle truly makes My Freedom Coin (MFC) one of the highly ranked cryptocurrencies as it minimizes the impact of negative price volatility in the market.
For example, suppose you invested $1,000 in MFC on December 12, 2021. Your current total investment would be around $16,470. On the other hand, suppose you invested the same amount in another top cryptocurrency. Bitcoin would have decreased by 27%, Ethereum by 43%, and Solana by 75%.
The best layer 2 cryptocurrency with high purchase value
4. Polygon (MATIC) – Layer 2 Platform for Ethereum DApp Platform
The Layer 2 platform plays an important role in reducing the transaction cost of Ethereum. Therefore, Polygon plays a very important role in the current Web 3 infrastructure and ranks high in coin rankings.
Polygon is a platform for supporting Ethereum scalability and developing infrastructure. In addition, Layer 2 will serve as a bridge between DApps built on top of Ethereum. To put it simply, you can think of the basic Ethereum as Layer 1. In other words, polygons are basically designed for security, not to go beyond or replace Ethereum.
In fact, the project already started under the name Matic Network in 2017, but will be renamed to Polygon in February 2021, and will steer towards supporting multiple Layer 2 infrastructures.
In addition, most of the promising companies are already located in Polygon’s ecosystem, and many famous coin companies are already operating on Polygon. At the same time, since this platform was developed in India, the long-term prospects are bright and higher coin rankings are expected as India’s large capital flows into the coin market.
- Au21 Capital
- Coinbase Ventures
- Binance Labs
Promising metaverse and NFT cryptocurrencies in the second half of 2022
5. Sandbox – Metaverse and game digital asset monetization platform
The sandbox platform is an ecosystem where gamers can develop, own, and monetize their activities with the help of non-fungible tokens (NFTs) and SAND tokens. To briefly introduce the concept of NFT, it can also be viewed as a digital proof of ownership. For example, since a picture file can be copied indefinitely, its owner is ambiguous, but using NFT, the owner of the picture becomes clear.
Players can utilize NFTs to claim ownership of the items (or assets) utilized in the game, and at the same time they can trade them to make money. The sandbox also provides a tool called GameMaker, which encourages more active participation by players.
In addition, the sandbox virtual world (or metaverse) consists of digital real estate assets that can be purchased with LAND tokens, where the player becomes a real estate developer and enables a variety of activities.
Also, companies like Meta, famous for Facebook, are currently focusing on the metaverse. In this metaverse world, it is possible for people to work, socialize, and shop.
People’s engagement and immersion in this virtual world right now is amazing. As one example, a buyer recently paid $450,000 to purchase a piece of virtual land next to the sandbox residence of rapper and businessman Snoop Dogg. Therefore, the sandbox is highly ranked in coins and is a very good new cryptocurrency to invest in.
- Binance Labs
- True Global Ventures
6. Ethereum (ETH) – a blockchain network with smart contract capabilities
In fact , Ethereum already ranks second in the coin rankings, is a successful platform worldwide, and at the same time attracts attention from numerous dApp developers, so no special introduction is necessary. The Ethereum network is already the basis of numerous apps with smart contract functionality. A smart contract is a contract that is realized only when certain conditions are met, and enables decentralized processing by excluding intermediaries from existing traditional contracts.
Aside from the power of Ethereum, the excessively expensive gas fee has been criticized all the time, but the recent news of the release of Ethereum 2.0 is promising. The upgrade is expected as early as August 2022, and its key update is the Proof of Stake protocol. This change will greatly increase the scalability of the blockchain compared to the previous one, and significantly reduce the expensive fees. With this upgrade, it is expected that numerous investors will flock to Ethereum . Many experts even predict that this coin ranking will overtake the Bitcoin ranking.
- Kingfisher Capital LLC
- Arrow Capital Management, Inc.
- Toroso Investments LLC
7. Engine (ENJ) – Game Community Platform and Virtual Goods Market
Enjincoin is another game cryptocurrency metaverse product. The project focuses on digitizing in-game items with their own tokens. The engine’s goal is to become “the largest online gaming community platform”, with a total of 18.7 million gamers and 250,000 gaming communities already participating.
The engine development team are innovators in the field of NFT, and have developed it to gain approval as ERC-1155, the NFT standard for Ethereum tokens.
Like the sandbox, the engine distributes software development kits (SDKs) to developers to engage many game developers. With the support of so many gamers, it is expected that the coin ranking will rise further in the future.
- Coinbase Ventures
- DT Capital Partners
- Digital Currency Group
- Framework Ventures
- Kilowatt Capital
- Multicoin Capital
- ParaFi Capital
8. Decentraland (MANA) – Metaverse Virtual World
Decentraland is a powerful cryptocurrency related to the virtual world like the sandbox introduced earlier.
Again, NFTs are used to assign ownership to digital real estate. And just like in the real world, in the virtual world, land in the busiest places is the most expensive.
Tokens.com, an NFT-focused company, is known to have spent $2.5 million on this virtual world to date. This is proof that interest in the metaverse is growing rapidly around the world, and at the same time proves that the future is bright from a profit point perspective.
And at the end of January, Metaverse’s first mortgage comes out. On January 29th, TerraZero, a metaverse company, issued a loan to one of its customers to purchase real estate in Decentraland.
As such, Decentraland is already receiving a lot of attention around the world, including Korea, and considering the amount already invested, many possibilities are expected in the future.
- Animoca Brands
- Boost VC
- Digital Currency Group
- Fabric Ventures
- Fundamental Labs
- Kenetic Capital
- Cosmos Capital
Other Recommended DeFi Cryptocurrencies
9. CRV: Curve – Decentralized Exchange
The Curve Protocol is rapidly growing in the field of decentralized finance. This is a project focused on leveraging the liquidity of stablecoins to create a stable source of loan revenue from the outset. The curve does not have an order book for the market, instead an automated process is built around liquidity pool trading pairs.
Currently, Curve has 122 different liquidity pools that can be exchanged on decentralized exchanges, which include very competitive transaction fees, deep liquidity and limited slippage (the difference between the price you want to sign and the price you actually sign). provide. Therefore, the current curve is rated as a very stable cryptocurrency to invest in.
- Fuel Venture Capital
- CreditEase Fintech Investment Fund
- Outward VC
10. Pancake Swap (CAKE) – Decentralized Exchange
PancakeSwap is a decentralized exchange that runs on the Binance Smart Chain (BSC) and is based on an automated market formation system. PancakeSwap is a fork of SushiSwap, another Ethereum-based decentralized exchange.
A fork here means a coin, and this type of coin shares its own codebase with other cryptocurrencies. And the difference here is that a few more features are added. Pancave swaps run on the Binance Smart Chain, which is faster and cheaper.
Binance Smart Chain is built by Binance, the world’s largest cryptocurrency exchange, and operates as a proof-of-stake system. CAKE is currently classified as a relatively new cryptocurrency, and it is expected to grow more in the decentralized exchange field.
- Binance Labs
Data Management Cryptocurrency in 2022
11. Solana (SOL) – Highly scalable blockchain network
Like Ethereum, Solana is a public blockchain network with smart contract capabilities. However, Solana differs from Ethereum in that the network employs a Proof of History consensus algorithm that can process thousands of transactions per second. In addition to this, Solana is also called an eco-friendly platform because it significantly reduces the amount of computer electricity required for verification.
Due to this, Solana is emerging as an alternative platform to Ethereum among DApp developers and NFT creators. Many of the best NFTs to invest in right now are hosted on Solana, which is growing and attracting more developers. At the same time, this means more and more investors are investing in Solana’s own coin, SOL, which gradually hints at a brighter future for the project.
- Cosmos Capital
- Blockwall Management
12. Chainlink (LINK) – Decentralized Oracle Network
The purpose of Chainlink is to securely connect smart contracts and realistic elements. A smart contract is code for implementing the logic of a specific business. This includes things like when you owe interest, for example. And in order to know exactly when this contract is specific, we need to know the dates on the calendar we use in our daily lives.
Information used in this reality is provided by ‘Oracle’. Here, Chainlink is a network of independent oracle node operators, with enhanced security than traditional oracle services. At the same time, it is responsible for preventing forgery of smart contracts and acting as an intermediary in various cases, so the scope of its needs is vast. Therefore, in recent years, it has been attracting attention as an essential element in the world of blockchain.
- Anmi OECD
- Consensus Capital
- Framework Ventures
- Outlier Ventures
Conclusion – Best Cryptocurrencies Recommended for 2022
As the current cryptocurrency market enters a recession, altcoins also fall in price, so the coin price is not good. In particular, altcoins are much lower than Bitcoin rankings, and their performance is also poor.
Bitcoin has recently maintained a downward trend, but after hitting a low of $24,000, it is showing an upward trend again. Of course, we don’t know how long this upward trend will last, and there are even predictions that it will drop below $20,000.
If you want to invest in such a situation, it is wise to choose a flat-rate purchase with long-term expectations above all else. Also, considering the surge after 2017, when the last cryptocurrency market was in a downturn, now may be the right time to invest in the coin recommended in this article.
Contrary to the current downturn, many investors expect Bitcoin to top the Bitcoin rankings due to its uptrend over the next five years, and accordingly, the wisest choice is to buy a cryptocurrency that is close to the current lowest price.