This is the last week of January and the crypto market seems like crashing. But this is not the moment to panic for the investor but to find new coins to invest in and then just wait for the bullish trend.
The crypto market has reached enormous heights in the past recent years and the number of crypto investors is increasing day by day. But the question is, where to invest? As we look ahead into 2022, there are some new coins to invest in that may harvest a good return.
The image below shows market capitalization of top coins.
New Coins to invest in 2022:
Launched in 2015, Ethereum is the second-largest coin in the crypto market after Bitcoin by capitalization. Recently, it underwent an upgrade that will shift it from a proof-of-work system to a proof-of-stake system which will eventually result in a reduction in energy consumption. The crypto market has the potential to grow in 2022 and there is a greater chance that Ethereum will play a huge role in the future.
- Litecoin (LTC)
Also known as “silver to bitcoin gold ” Litecoin was one of the few coins that followed the footsteps of Bitcoin. It has a higher transaction rate because its block generation rate is high. Litecoin is one of the liquid coins that you can easily sell when you need liquid cash. Other than this, the number of merchants has already accepted it as a payment option.
- Solana (SOL)
Launched in 2020, although it is relatively new, it already has an impressive market share. Known as “Ethereum killer”, it has emerged as a competitor of Ethereum because it has significantly lower fees.
- Polkadot (DOT)
Launched in 2020, Polkadot is a sharded multichain network that enables it to process many transactions at a time in parallel. As it is consistently listed among fast-growing cryptocurrencies, your investment could pay off in the near future.
- Binance Coin (BNB)
The cryptocurrency of the world’s largest crypto exchange has a bright future and might be a good investment option as long as it is cheaper. The current CoinMarketCap ranking is #4. The growing demand for this coin makes it a good option to include in your portfolio.