With the cryptocurrency market exceeding $3 trillion in 2021, it’s quite clear why investors are keen to find the best new cryptocurrency to invest in 2022.
In this guide, we go through the best new cryptocurrency to invest in, how to find new crypto projects and new crypto listings, as well as how to invest in them using a top-notch, regulated crypto broker!
The Best New Cryptocurrency to Invest in 2022 List
If you’re looking for a list of the best new cryptocurrency to invest in 2022, then look no further! Below is a list of new crypto coins to focus on in what could be another stellar year for cryptocurrencies.
- Lucky Block – A Blockchain-Based Lottery With Global Appeal – Buy Now
- Axie Infinity – A Play to Earn Blockchain Game Set For Record Growth – Invest now
- Enjin – A Gaming NFT Provider Set to Benefit From the Metaverse – Invest now
- Avalanche – A Layer 1 Crypto Token Set to Rival Ethereum – Invest now
- Secret – New Crypto Coins Offering a Higher Level of Data Privacy
- Internet Computer – New Crypto Projects Trying to Decentralize the Internet
- Elrond – A New Platform Offering an Internet-Scale Blockchain Protocol
- Polygon – Providing the Ability for a Multi-Chain Ethereum Ecosystem
- Shiba Inu – A Decentralized Crypto Meme Coin
- Solana – A Layer 1 Crypto Token Dubbed the Ethereum Killer
You can sign up to eToro to invest in cryptocurrencies with tight spreads. While we’ve highlighted ten of the best new cryptocurrencies to invest in right now, there are popular altcoins being introduced all the time. Loopring and Celo are just two of the latest cryptos to take the market by storm. You can buy over 45+ of the hottest digital currencies on eToro with low spreads.
A Closer Look at the Best New Cryptocurrencies to Invest in
In the top ten list of the best new cryptocurrency to invest in 2022 shown above, the new crypto coins and projects each have a unique proposition.
Some of these new crypto listings are set to capitalise on the growth in sectors such as NFTs (non-fungible tokens), DeFi (decentralized finance) and a general upgrade in how cryptos can be used in the real world. For instance, you could buy Chiliz (CHZ) and gain exposure to the world’s first crypto-based sports fan rewards and engagement platform.
To find the best new cryptocurrency to buy for your own individual portfolio, let’s look at each one of these coins in more detail.
1. Lucky Block – A Blockchain-Based Lottery With Global Appeal
Lucky Block (LBLOCK) is a cryptocurrency lottery that uses blockchain technology and voting polls on each purchase, allowing everyone to be a winner. What is most interesting about Lucky Block is the fact it is a worldwide lottery appealing to a large audience.
As the lottery is based on the blockchain, the costs are much cheaper than a traditional lottery. This means, according to the team behind Lucky Block, better win odds and more prizes.
The Lucky Block token is still currently trading at record highs but is still in its infancy as not that many people know about it yet. This means it could be a top new cryptocurrency to invest in 2022 as more people invest in the growth of the project. With the Lucky Block Telegram group now at 25k members, you can buy LBLOCK on PancakeSwap right now with your Binance Smart Chain-compatible crypto wallet.
With such an appealing project that could revolutionize the lottery system as we know it, LBLOCK is the best crypto under £1 that carries huge potential moving forward.
Cryptocurrency markets are highly volatile and your investments are at risk.
2. Axie Infinity – A Play to Earn Blockchain Game Set For Record Growth
Axie Infinity (AXS) is one of the hottest new cryptocurrency launches. The new crypto coin is a leader in the Play-to-Earn blockchain gaming sector. While the game is built around training pets, many users are creating a living from it.
Within this virtual reality environment, also known as the Metaverse, individual players can collect pets (known as Axies), breed them and trade them as NFTs. Investing in NFTs and the Metaverse are set to be the biggest themes in 2022 – which is why Axie Infinity is one of the best new cryptocurrency to invest in 2022.
Axie Infinity had a great 2021 surging more than 5,800% higher from its low to high of the year. The recent pullback to 100.00 could be a turning point for the cryptocurrency is definitely one to watch for 2022.
3. Enjin – A Gaming NFT Provider Set to Benefit From the Metaverse
The Enjin (ENJ) cryptocurrency is one of the pioneers in blockchain gaming, inventing its own NFT ERC token (Ethereum compatible). NFTs and the Metaverse are going to be two very hot topics for cryptocurrency investors in 2022.
The team behind the Enjin cryptocurrency provide a suite of gaming services in the Metaverse used by gamers and game makers. They also make getting started with NFTs very simply with their products which are likely to attract more users to the coin.
2021 was a wild ride for Enjin coin. However, from its low to high the coin surged more than 16,225% higher. It’s why the recent 50% drop in price to the 2.5000 price level puts Enjin coin as a top new cryptocurrency to invest in 2022.
4. Avalanche – A Layer 1 Crypto Token Set to Rival Ethereum
Avalanche (AVAX) is another new cryptocurrency launch that is set to rival the world’s second-largest cryptocurrency Ethereum (ETH). This is due to Avalanche being a Layer 1 token.
Layer 1 tokens are considered to be crypto coins that have solved the scalability issue that Ethereum has. For example, while Ethereum can perform 12 transactions per second, Avalanche can perform 4,500 transactions per second.
In the last six months of 2021, Avalanche coin was up more than 1,600% before pulling back 100% to the 80.000 price level. Investors are very keen on Layer 1 token cryptocurrencies as they provide huge growth potential as cryptos become more widely adopted over time.
5. Secret – New Crypto Coins Offering a Higher Level of Data Privacy
The Secret coin (SCRT) is a native token of the Secret Network. This crypto project was one of the first blockchains to have data privacy as a default, allowing users to build and use applications that are permissionless and privacy protected.
The coin is rapidly growing in interest from users and businesses. It recently announced a partnership with NFT platform OpenSea to be able to sell private non-fungible tokens. The Secret coin had a big price move in the middle of 2021, surging up more than 1,280%. The coin has since fallen more than 60% lower and sits around the 4.00 price level.
As more and more businesses use the Secret Network and as the coin is used in more applications, the price of the coin could resume its mid-2021 rally in 2022 making it a coin to watch.
6. Internet Computer – New Crypto Projects Trying to Decentralise the Internet
Internet Computer (ICP) coin is a unique cryptocurrency project launch. The aim of the cryptocurrency is to build a decentralised version of the internet that would run on a distributed network of servers.
The token allows users to participate in the governing of the ICP blockchain network. By having its code directly on the public internet, it can help developers to create websites, DeFi applications and other internet services in a decentralised manner.
ICP coin had a rough year in 2021 and is currently sitting at record lows around the 30.000 price level. However, if there is another crypto boom in 2022, it is likely that undervalued altcoins could attract a lot of attention.
7. Elrond – A New Platform Offering an Internet-Scale Blockchain Protocol
Elrond (EGLD) is a new cryptocurrency launch of a platform providing an internet-scalable blockchain system. The coin can perform a maximum of 15,000 transactions per second making it very interesting to run DeFi applications and NFTs.
Investors have been attracted to the prospects of Elrond due to a team of experienced blockchain experts from Microsoft, Google and Intel. The coin also has some interesting features such as its Adaptive State Sharding which brings 1000x improvement in processing transactions and is developer-friendly with an integrated WASM VM engine.
From the low to high of 2021, the Elrond coin was up more than 2,330%. The recent 50% drop in its price has brought the coin to some very interesting price levels, making this a crypto coin to watch in 2022.
8. Polygon – Providing the Ability for a Multi-Chain Ethereum Ecosystem
Polygon (MATIC) is an Ethereum token that powers the Polygon Network. The network has become very attractive to investors because it provides a scaling solution for Ethereum. You can use the Polygon Network in the same way as Ethereum but at a much cheaper cost.
A user can deposit Ethereum tokens to a Polygon smart contract, then use them on the Polygon Network and then withdraw them back to the Ethereum blockchain. The fees when using MATIC are a fraction of a cent which is why it has investors excited.
Polygon recently announced a tie-up with the Big Four professional accountancy firm EY to collaborate on building Ethereum enterprise solutions that can be scaled for large businesses.
In 2021, the price of MATIC peaked just below its record high at 2.7000. However, over the year the coin still managed to gain more than 46,238%!
This is why MATIC could be the best new cryptocurrency to invest in 2022. As it is priced relatively cheaply, that could help to attract more users to invest in the Polygon Network.
9. Shiba Inu – A Decentralised Crypto Meme Coin
Shiba Inu (SHIB) offers a different type of perspective when it comes to investing in cryptocurrencies. While most of the coins discussed so far have real-world applications, Shiba Inu is one of the best meme coins you can buy in 2022.
Of course, Shiba Inu is on this list of a new cryptocurrency to buy in 2022 as it experienced 1,000%+ moves in 2021. However, this is more for the investors focused on short-term hype.
The most important thing to consider here is to make sure you track the headlines to find the next hype to cause a move higher which can be tricky!
On the topic of meme coins, you might want to buy Baby Doge Coin as it’s fast becoming one of the hottest new meme coins circulating in the crypto market.
10. Solana – A Layer 1 Crypto Token Dubbed the Ethereum Killer
Solana (SOL) has been dubbed the Ethereum killer due to its Layer 1 protocol. The proof-of-stake crypto coin was built from the ground up with the aim to overcome the slow load issues of Ethereum.
The Solana network can perform 65,000 transactions per second and has attracted so much attention from investors and developers that it is now the fifth-biggest cryptocurrency by market capitalization.
Solana coin had a great 2021 surging more than 8,000% higher. The recent 37% drop is much less than the other cryptos operating in the same space, highlighting the strength in Solana.
It’s certainly a coin to watch and could be the best new cryptocurrency to invest in 2022.
How to Choose Which New Cryptocurrency to Invest in UK
If you are interested in investing in new digital assets, here are three factors to take into consideration.
1. Diversification is Key
There are a lot of headlines of new cryptocurrencies surging thousands of per cent higher and people investing making millions. However, you rarely see the headlines of the cryptos that haven’t gone higher and those that have lost some of their capital.
Therefore, it is important to diversify your holdings rather than go ‘all in’ on just one. Spread out the probabilities of success by investing small amounts into several different new crypto coins, rather than put everything in just one.
This way, you have a much better chance of growing your capital even if a few coins don’t take off.
2. Do your Research
With new crypto coins and crypto projects launching daily it can be difficult to know where to invest. This is why research is so important. Make sure you are focused on coins that actually have real-world value rather than hype coins that could fall victim to the classic ‘pump and dump’ strategy.
Cryptocurrency exchanges like eToro can help you with your research through their platform. You can use the social trading feature to learn from other traders and investors and what they are buying and selling and why.
3. Stick to Crypto Themes
Within the crypto market, there are several divisions that gain most of the attention. For example, early in 2021, the price of coins focused on DeFi applications were surging higher.
In the middle of 2021, the price of coins focused on NFTs was surging higher as auction sales went through the roof and more companies announced plans to offer NFTs.
Towards the end of 2021, the price of coins focused on the Metaverse saw huge price increases. Try to focus on the theme that is developing in the crypto market as that’s where the biggest moves could be.
Where to Find New Crypto Projects
There are a variety of places you can find news related to crypto projects. Forums such as Reddit tend to be quite popular. As there are so many crypto projects being launched, using the power of social media is key in finding the best new crypto projects to invest in.
However, cryptocurrency platform eToro offers a news and analysis service keeping you up to date with crypto developments. What’s more interesting with the eToro platform is the fact you can converse with other crypto experts regarding new crypto projects and coins being developed.
Social trading is a key component to finding out which crypto project is worthwhile investing in. The mere increase in interest from different people can help to lift demand and, therefore, prices in certain coins.
Where to Buy the Best New Cryptocurrency 2022
eToro is by far one of the best brokers to purchase new cryptocurrency. Not only are they fully regulated and licenced but they provide services to their more than 20 million users specifically designed for crypto investors.
For example, the eToro mobile trading app and web platform allow you to trade on more than 120+ cryptocurrencies. This includes major coins such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Binance Coin (BNB), Dogecoin (DGE), Polkadot (DOT), Litecoin (LTC), as well as newer coins such as Enjin, Solana, Polygon, Aave and many others.
The eToro Money Crypto Wallet is also easy to use and is great if you want to buy, sell, store and transfer cryptocurrencies. It also provides a good level of security and safety by giving you your own unlosable private key.
eToro is also a safe broker to trade with as they are fully regulated by the UK FCA, ASIC, CySEC, FINRA and the GFSC. You can buy cryptocurrencies 100% commission-free with spreads starting from just 0.75% making eToro a cost-effective way to transact in cryptocurrencies.
However, it is the CopyTrader feature where eToro excels. This allows you to see the performance of other traders and have their trades copied onto your own account. This way you can invest in the markets in a more passive manner while learning from the best.
Better yet, as you can trade and invest in multiple asset classes from the eToro platform you can follow the best traders in all asset classes such as cryptos, stocks (like Tesla and Coinbase), indices, commodities, ETFs and currencies such as the USD, EUR, GBP and more.
You can open an account with eToro in just a few minutes and trade cryptos with a minimum stake of just $25.
- Fully regulated by FCA, ASIC, CySEC, GFSC, FINRA
- 100% commission-free trading and investing
- Access eToro Crypto Wallet to buy, sell, transfer and store cryptos
- Trade or invest in multiple asset classes
- Access social and copy trading tools
- Fee-free deposits
- Limited technical analysis tools
68% of retail investor accounts lose money when trading CFDs with this provider.
How to Invest in New Cryptocurrencies on eToro
If you’re ready to start investing in the best crypto then follow this step by step guide below.
1. Create Your Account
To purchase new crypto assets you first need to open an account with regulated broker eToro. You just need to fill in the application form with some personal details and you are good to go in minutes.
2. Verify Your ID
As eToro is regulated, you will need to comply with AML and KYC regulations. This means you will need to verify your identity and address.
The two verification documents you will need are:
- A valid passport or driver’s licence
- A utility bill or bank account statement issued within the last three months
3. Deposit Funds
To start buying cryptocurrency you need to deposit funds in your eToro account. The minimum deposit on eToro is $200 but you can buy cryptos in minimums of just $25.
Deposit methods include cebit/credit card, bank wire transfer, PayPal, Neteller, and Skrill.
4. Invest in New Crypto
You can search for a wide range of cryptocurrencies from the eToro web platform. After finding the coin you want to invest in, you can access a trading ticket by clicking on the Trade icon.
You can also purchase cryptocurrency from the eToro Money Crypto Wallet as you will see in step 6.
You can input your crypto investment size (minimum is $10), purchase the digital currency at the current price and then add a stop loss or take profit price level if you wish.
Conclusion – Best New Cryptocurrency to Invest in UK 2022
If you’re looking for a top-notch broker to purchase new cryptocurrencies then eToro should be at the top of your list. Not only are they fully regulated but they have a large list of cryptos to invest in.
eToro provides itself on offering a 100% commission-free, low spread service to invest in cryptos, stocks, indices, commodities and other asset classes. The eToro platform is also a leader in its field – simple to use, fast to trade on, great functionality and packed with a lot of features.
Not only can you use the CopyTrader feature with ease and copy the trades of other top performing traders but you can also access the eToro Money Crypto Wallet to keep your cryptos safe and secure.
eToro – Overall Best Broker to Purchase New Cryptocurrency
68% of retail investor accounts lose money when trading CFDs with this provider.