The crypto market is booming and it’s not just Bitcoin, Ethereum or Ripple that have increased significantly in value over the past few months. Unknown cryptocurrencies , new projects or fun projects like the Dogecoin are also becoming increasingly popular .
Not only do institutional investors reach for the digital currencies, but also small investors want to benefit and start trading the new currency on the Internet.
But how do you actually buy cryptocurrencies, which new coins have potential and how safe is trading with new cryptocurrencies? We took a closer look and summarized it in this article.
Two coins will stand out in particular: Lucky Block and DeFi Coin. Read on to learn what sets these two new cryptocurrencies apart and why we rank them among the top crypto tokens 2022.
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New cryptocurrencies comparison
According to Coinmarketcap, there are now over 9,000 different cryptocurrencies. New coins with potential or without potential are added every day. We looked at a few new cryptocurrencies that we find interesting. Our examples are either currently in the IOC or have recently finished:
|Lucky Block (LBLOCK)||Lucky Block is an innovative blockchain project. This project runs lotteries and sweepstakes decentrally via Smart Contracts and thus ensures fair gaming conditions. All games offered are random and all draws, calculations and payouts are decentralized. This clearly differentiates LuckyBlock from traditional lottery providers.|
|DeFi Coin (DEFC)||DeFi Coin is a community-operated DeFi token with a focus on fair and equitable services. It has three main functions that appear in every trade: Reflection, LP Acquisition, and Burn. With every trade, a small portion of the transaction is sent to the DeFi Coin Treasury. This treasury is key to maintaining the long-term stability of the DeFi Coin protocol.
The DeFi Coin team is 100% committed to the success of the DeFi ecosystem and strongly believes that collaboration is key to innovation in this space. Accordingly, users are rewarded with staking rewards. To the DeFi Coin
|Cardano (ADA)||An open source project that wants to use third-generation blockchain technology to contribute to a society that is safer, more transparent and more just. Products built on Cardano enable retailers and producers to take action against counterfeit goods, for example. The founder of Cardano is Charles Hoskinson, who previously co-founded the Ethereum network.|
|Xanalia (ALIA)||The decentralized NFT marketplace with AR-VR integration. Xanalia is based on Binance Smart Chain (BSC) and promises its users many functions such as yield farming or NFT creation with copyright protection. The platform’s own token is ALIA|
|Ideaology (IDEA)||IDEAOLOGY is an open source blockchain project based on the Ethereum blockchain. Ideaology promises to create unique solutions and collaboration networks between entrepreneurs, freelancers and developers through a blockchain-based launchpad. The aim is to create an ecosystem in which everyone can benefit from one another and build on existing experience.|
|Crypto Intelligence Trading System (CITS)||The “Joseph” project is an AI for managing crypto assets on various crypto exchanges. Joseph is designed to fully automate the management of existing coins and eliminate human involvement.|
|Nominex (NMX)||The main goal of the developers is to create a new generation exchange that: is compatible with any type of system, resilient and completely safe, as well as offering a high level of user friendliness.|
|EANTO||The project aims to eliminate money transfer in favor of virtual currency. Profits from the tokens will be used to increase the liquidity of the project. EANTO was created to protect the environment and, in times of pandemics and climate change, has come a long way.|
|Quotes Excenbit (QEXB)||Quotes Excenbit is a decentralized social networking platform that puts user privacy and satisfaction first. In addition, it is the first „get paid to content creation and sharing ecosystem“ to use OCR token payments for its reward system.|
|DECA (DECA)||The project creates a green economy that will digitally sign CO2 credits in a blockchain in the future. By raising funds during the ICO, DECA aims to convert the DECA token into a currency platform to create a more sustainable economy based on carbon credits for individuals and companies.|
|UCOIN (UCOIN)||U Coin is an ERC20 utility token designed to work within an ecosystem of business applications (eg money transfers or sales processes). The goal is to achieve global circulation and meet users‘ everyday needs.|
|THOR Chain (RUNE)||THORChain was developed as a liquidity protocol to connect all blockchain assets in a marketplace through bridges and liquidity pools. The structure as a cross-chain solution enables the exchange of decentralized assets via THORChain.|
Why buy new cryptocurrencies?
- Even with a small stake, large profits can be achieved
- High increases are possible within a short time
- Investment in new blockchain ideas
- Possible discounts before the stock market launch
- Rapid price increase possible through community activities
What is a new cryptocurrency with potential?
A new cryptocurrency with potential is a coin that could potentially develop positively in the future . New crypto projects are launched every day, and a majority of these projects will be worthless in the future.
Among the large number of new coins, there are always individual cryptocurrencies with a lot of potential. These promising new cryptocurrencies are currently still of little value, but could explode in value in the future.
Lucky Block (LBLOCK)
One of these cryptocurrencies with potential is LuckyBlock, for example. LuckyBlock is a crypto project in the field of sweepstakes and lotteries. In contrast to traditional lotteries and lottery providers, all draws at LuckyBlock are processed decentrally via smart contracts. As a result, winnings are automatically paid out, for example.
Of course, all games at LuckyBlock are also based on the random principle. This ensures that the draws are transparent and fair. The project has only been available for a short time and could therefore develop positively in the future. LuckyBlock is now available at Pancakeswap for interested buyers. Investors can use it to conveniently buy Luckyblock.
DeFi Coin (DEFC)
The DeFi Coin (DEFC) is another digital asset that offers its holders a range of rewards and rewards. Through its own swap platform, DeFi Coin allows its holders to directly participate in numerous transactions, thus allowing them to earn rewards quickly and easily.
DeFi Coin’s swap platform is also designed to be user-friendly and efficient, and offers a variety of features that make it an attractive option for all crypto investors looking to earn consistent returns. DeFi Coin’s unique approach to staking makes it a valuable addition to the cryptocurrency landscape, and its popularity could grow even more in the coming months.
If you want to stay up to date, you should check out the project’s official Telegram group . Innovations are announced here and explanations are given of the possible returns.
In general, even with cryptocurrencies with a lot of potential, losses can occur. Investors should therefore be aware of these risks .
How are new cryptocurrencies created?
Anyone who is thinking about buying new cryptocurrencies should definitely find out how a new digital currency can even be created and what it is: Cryptocurrencies are not a currency that we use in the form of banknotes or coins can touch. Crypto coins consist of a long letter or number key .
These exist as limited entries in a database that cannot be easily changed by anyone. A cryptocurrency can accordingly be defined as a chain of data which, in contrast to conventional currencies , is not under government supervision and is difficult or impossible to manipulate. Monitoring through peer-to-peer protocols provides additional security for cryptocurrencies.
Cryptocurrencies are created through so-called mining . This means that transaction records are calculated and found and these must be added to the ledger of the corresponding cryptocurrency. However, before a cryptocurrency can come onto the market, certain requirements must be met. Among other things, a white paper must be published and an ICO carried out.
A white paper is a document that gives an overall overview of a project. In the case of cryptocurrencies, the problem and solution is presented in a white paper.
It contains a precise description of the project , the technology and the interaction with the respective users.
So-called ICOs are used to finance business models based on blockchain technology. ICO means Initial Coin Offering and is similar to the IPO of a company . With the ICO, young companies, developers or start-ups sell their tokens for conventional currencies. A sale against already successful cryptocurrencies can also be carried out.
What do investors expect from new cryptocurrencies?
The main reason why investors invest in new cryptocurrencies is certainly the cheap price . Many investors hope to buy new coins cheaply and sell them again quickly , for example as soon as an active Community ensures a rapid price increase. There are already special networks that focus on buying new cheap cryptocurrencies. They buy new coins in large numbers and thus quickly drive up the price of these cheap cryptocurrencies.
Sie “pumpen” also die neue billige Kryptowährung hoch. Ist ein bestimmtes ziel erreicht, werden die Einheiten schnell wieder abgestoßen. Der Wert sinkt in diesen Fällen schnell und das Verlustrisiko bei Anlegern außerhalb des Netzwerks groß. In den meisten Fällen stecken hinter Kryptowährungen neue Ideen und neuartige Technologien. Wer in diese glaubt, der glaub gleichzeitig an das Projekt und investiert langfristig.
Investment generell, insbesondere aber das Investment in neue Kryptowährungen sollte gut überlegt sein. Coins und Token sind nicht reguliert, sie unterliegen nicht der Aufsicht einer Finanzbehörde, die eingreifen kann, wenn Verluste drohen oder es sich herausstellt, dass es sich bei der Währung um einen Betrug handelt.
Die zur Zeit günstigsten Kryptowährungen
The following list shows the cheapest cryptocurrencies that investors can currently buy cheaply.
|Lucky Block (LBLOCK)||As already mentioned, Lucky Block is an innovative blockchain project in the gaming sector, which runs lotteries and sweepstakes in a decentralized manner via smart contracts, thus ensuring fair gaming conditions. Lucky Block is not only one of the newest and most promising cryptocurrencies at the moment, but also a very cheap cryptocurrency.|
|Defi Coin (DEFC)||DeFi Coin has been around for quite some time, but it seems that the crypto team has only recently stepped up their marketing efforts. So DEFC is a token designed to create a decentralized financial system that is autonomous and highly profitable.
The DeFi Coin team believes that this will foster sustainable economic growth by cutting out middlemen and middlemen. The coin has already received a lot of traction in the crypto community just recently, and its price has increased significantly over the past few months. However, there is still a lot of growth potential.
|Dogecoin (DOGE)||Dogecoin was originally a joke, but it has become quite real for all those who now benefit from it. The cryptocurrency is certainly cheap, priced below $0.15 per coin, especially compared to the 52-week high of $0.73. Unlike many other cryptocurrencies that serve actual functions, Dogecoin was created as a satirical version of Bitcoin. Earlier this year, the crypto surged based on hype on message boards and tweets from Elon Musk.|
|Stellar (XLM)||Stellar is its own payment network and uses Stellar Lumens as the currency on that network. While the network can be used by anyone, it should connect financial institutions that conduct large transactions. On the Stellar network, these types of transactions can be completed almost instantaneously and at little to no cost, unlike traditional or even competing blockchain networks. Stellar Lumen’s price has been very volatile over the past year, but industry analysts expect XLM prices to rise significantly in 2022 despite the current decline affecting most coins. The Stellar cryptocurrency is currently particularly cheap to buy.|
|Shiba Inu (SHIB)||Just like Dogecoin, Shiba Inu is a meme crypto. It is just one of several cheap dog-themed cryptocurrencies currently available, but by far the most popular. Most of Shibu Inu’s appeal as a crypto to invest in stems from the fact that it is a cheap cryptocurrency with the backing of a growing community. For example, this community recently created a non-fungible token (NFT) project around the Shiba Inu coin.|
|Polygon (MATIC)||Polygon is also a cheap cryptocurrency for under $2. The Polygon cryptocurrency is an Ethereum-compatible blockchain interoperability and scaling platform. The MATIC token, used for governance, staking and gas costs, remains central. Polygon is a framework for creating blockchain networks that are interconnected. It uses a revolutionary sidechain solution to overcome some of Ethereum’s biggest flaws. One of the more recent attempts at blockchain interoperability and scaling, the Polygon project aims to mitigate some of the obvious limitations of projects like Polkadot and Cosmos.|
|IOTA (IOTA)||IOTA is a cheap cryptocurrency and open-source distributed ledger built for the Internet of Things (IoT). It stores transactions in its ledger using a directed acyclic graph, which has the potential to be more scalable than blockchain-based distributed ledgers.|
|Bit Torrent (BTT)||One of the cheapest cryptocurrencies is the BitTorrent currency (BTT). BTT is a cryptographic token created as an extension of the BitTorrent protocol. The BTT coin cryptocurrency platform is being developed to expand the capabilities of the protocol. For example, the BitTorrent team is working to make the infrastructure ideal for third-party DApp developers, value sharing, and secure and fast decentralized data storage.|
Buy new cryptocurrencies guide
Of course, the point where cryptocurrency can be bought is also important. You can choose between crypto exchanges or brokers . We recommend buying through online brokers, as they are better at guiding beginners through trading than relevant crypto exchanges. We have had the best experience with our test winner eToro . Registering with eToro takes just a few minutes.
Step 1: Register with eToro
In order to be able to trade with eToro , one must first register and open an account. A valid email address and a secure password are required for registration. Registering with your Facebook account or your Google account is even faster. The following must be confirmed with a click:
- Risk Disclosures
After registration, eToro will send an email to verify the email address provided. With a simple click on the “ Verify my email address ” button, the registration with eToro is confirmed. In order to be able to trade, the profile must first be completed. Personal data such as name, gender, age and date of birth are required. A few questions about previous trading experiences must then be answered.
Step 2: Deposit money and top up account
In order to be able to buy cryptocurrencies at eToro, the trading account must first be topped up. The payment options vary depending on the provider. eToro offers a wide range of deposit options:
- Credit card
- Instant bank transfer
- rapid transfer
- Skrill and Neteller
- SEPA transfer
Depending on the chosen deposit method, the money is available for trading either immediately or in 2-3 working days . To deposit money, just click on the „Deposit Money“ button at the bottom left of the screen.
Step 3: Buy cryptocurrency
To buy a cryptocurrency, we can enter the desired currency, such as Chainlink, in the search field on eToro . Clicking on the currency opens the trading window.
All you have to do here is enter the amount and open the trade to complete a cryptocurrency purchase. The purchased currency appears in the „Portfolio“ window and can be sold or transferred again.
Top 10 Cryptocurrencies
Even if new cryptocurrencies and projects come onto the market almost every day, investors are well advised to also rely on established and already successful coins . We have summarized the current top 10 here (by market capitalization):
|Bitcoin (BTC)||The mother of all cryptocurrencies is still considered one of the most successful coins to trade on the market. During the last all-time high, Bitcoin saw an incredible 177% gain|
|Ethereum (ETH)||The number two in the blockchain world was also able to boast high price gains in 2020. Many subsequent cryptocurrencies use the Ethereum protocol for their applications. Many experts therefore see high growth potential in Ethereum|
|Binance Coin (BNB)||The utility token of the Binance crypto exchange was initially designed as an ERC-20 token. With the launch of the Binance Chain network in April 2019, the ERC20 BNB coins were exchanged at a 1:1 ratio for BEP2 – BNB|
|Dogecoin (DOGE)||What started out as fun has grown into a serious digital currency. Personalities such as Elon Musk repeatedly ensure new price increases with social media statements. Most recently, the price rose again by 24% after the Tesla boss published another DOGE tweed on April 29, 2021.|
|Ripple (XRP)||Ripple is also called the cryptocurrency of the banks because of its payment system, which facilitates cross-border payments. The system has been adopted by over 100 financial institutions so far and the blockchain will be expanded in 2020. Experts see great opportunities for high price gains in 2020|
|tether||As a digital currency, the security of cryptocurrencies reflects the current value of the US dollar. Since each USDT token is tied to a USD, investments in Tether are better protected than others. Experts agree on the success of Tether as Bitcoin trading is often done in Tether.|
|Cardano (ADA)||A new cryptocurrency on the market with high potential. Experts estimate that Cardano should reach $1.50 per unit by the end of the year. Growth will depend heavily on the achievement of the project’s development goals|
|polka dots||The still relatively young competition from Ethereum has made the permanent leap into the top 10 cryptos. The multichain network Polkadot can process many transactions in different chains at the same time without causing communication difficulties between the networks|
|Uniswap||Ethereum developer Hayden Adams created Uniswap as a decentralized trading protocol known for facilitating automated trading of decentralized tokens. Uniswap is tasked with creating liquidity in Defi environments|
|Litecoin||The almost identical copy of Bitcoin, Litecoin , can operate at four times the speed thanks to an improved mining mechanism. Transactions, balances and expenses are managed through a peer-to-peer network.|
What criteria do you use to identify new cryptocurrencies with potential?
When evaluating cryptocurrencies with potential, it is worth considering a few criteria. Investors can use these criteria to better assess a project ’s likelihood of success . Interested investors could consider the following criteria, among others:
- Anwendungsfall: Eine Kryptowährung mit viel Potenzial sollte einen konkreten Anwendungsfall besitzen und ein Problem lösen. Krypto-Projekte, die große Probleme lösen, besitzen dabei besonders großes Potenzial.
- Technologische Basis: Neben dem Anwendungsfall sollte eine neue Kryptowährung mit Potenzial zudem eine gute technologische Basis besitzen. Im besten Fall ist der Code transparent einsehbar und die Technologie wurde von unabhängigen Experten überprüft.
- Team: Für den Erfolg eines Krypto-Projekts ist das Team von entscheidender Bedeutung. Anleger können hierbei prüfen, ob die Gründer bereits über Erfahrungen im Krypto-Bereich verfügen und möglicherweise bereits andere Kryptowährungen erfolgreich entwickelt haben.
- Competition: In addition to the aspects of the project itself, it is worth analyzing the competition in detail. Investors can analyze how the competition is positioned and how their solutions have developed in the past. Investors can also work out the similarities and differences between the projects in this area.
- General market environment: Since cryptocurrencies often move in unison with one another, investors should also analyze the current market environment. If there is a high level of optimism in the markets, it is likely that a cryptocurrency will perform positively. However, the effect also applies to a negative development. In a bad market environment, cryptocurrencies with a lot of potential sometimes develop poorly.
- Coincidence: The coincidence factor is often neglected when analyzing a cryptocurrency. However, chance plays an important role, especially with cryptocurrencies and should therefore always be taken into account. It is sometimes inexplicable why a cryptocurrency develops positively or negatively.
The best platforms to buy new cryptocurrencies
Buying new cryptocurrencies with potential: advantages and disadvantages
Finally, let’s summarize the most important advantages and disadvantages of new cryptocurrencies.
- Even with a small stake, large profits can be achieved
- High increases are possible within a short time
- Discounts before the start of the stock exchange are possible
- Difficult competition because of many new cryptocurrencies
- New projects have to establish themselves first
New cryptocurrencies in the test: the conclusion
There is no doubt that cryptocurrencies and the blockchain technology behind them will bring us many changes in the next few years. The crypto market is booming like never before and more and more retail investors are becoming aware of digital currencies.
However, every investor should always keep an eye on a certain risk, especially when investing in new coins and tokens. In the worst case , there is a risk of the total loss of invested sums. The best thing is a diversified portfolio, both with established currencies and with new coins and tokens.
Regardless of whether you want to buy established cryptocurrencies or new cryptocurrencies, we recommend our test winner eToro. Users can easily buy a variety of cryptocurrencies, such as Bitcoin, with various payment methods at low fees.
- Social trading function
- Fair and transparent fee structure
- state regulated and licensed
- Variety of cryptos, incl. Bitcoin
- Free demo account
Which coins have potential to grow?
How many cryptocurrencies are there on the market?
Is it worth investing in new coins?
Where do I buy cryptocurrencies?
Are cryptocurrencies safe?
But the forecasts are also positive for new projects such as Cardano.”
“name”: “How many cryptocurrencies are there on the market?”,
“text”: “Lt. Coinmarketcap, 9,576 cryptos are currently tradable on the market (as of May 5th, 2021)”
“name”: “Is it worth investing in new coins?”,
“text”: “Whether an investment is worthwhile cannot generally be answered with a yes or be answered no. Investments in cryptocurrencies are always subject to risk. In order to minimize this, the project behind the currency should already be mature”
“name”: “Where do I buy cryptocurrencies?”,
“text”: “Coins can be traded on relevant stock exchanges such as Binance or with so-called online brokers such as eToro”
“name”: “Are cryptocurrencies safe?”,
“text”: “So far, the mathematically created letter or number keys could not yet be cracked. Losses and successful hacks in the past are due to human error. The technology itself can be described as safe.”
Zuletzt aktualisiert am 18. Mai 2022
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