The 6 Best New Cryptocurrencies To Invest In May 2022

The crypto market may be entering a new ‘crypto winter.’ But after every past bear market, cryptocurrencies have come roaring back stronger than ever.

That’s why aggressive investors should be looking for opportunities and take well researched decisions to buy while the market is down. In this guide, we’ll show you the 6 best new cryptocurrencies to invest in 2022.

The 6 Best New Cryptocurrencies to Buy in May 2022

We’ve identified the 6 best new cryptocurrencies to buy in 2022:

1. DeFi Coin - DeFi Staking Coin That Earns up to 75% APY
2. Lucky Block - Play-to-earn Crypto Game Token with Daily Rewards
3. Tikka Token - Wealth Management Coin with Growth Potential
4. Stepn - Move-to-earn Crypto Token with Long-term Value
5. Terra - Beaten-down Algorithmic Stablecoin Poised for a Comeback
6. Avalanche - Ethereum Competitor at a Steep Discount

A Closer Look at the Best New Cryptocurrencies to Buy 2022

Want to learn more about which cryptocurrency to buy? Let’s take a closer look at what makes these the most promising cryptocurrencies to buy today.

1. DeFi Coin - DeFi Staking Coin That Earns up to 75% APY

DeFi Coin (DEFC) is the best new crypto to buy today. While the rest of the crypto market has been falling, this coin recently skyrocketed more than 500% on news that DeFi Swap, the platform behind DeFi Coin, launched its long-awaited crypto exchange.

Now anyone can easily buy DeFi Coin by swapping from another cryptocurrency. DeFi Swap also serves as a DeFi staking platform, and it offers rates from 30%-75% APY when you stake DeFi Coin. To get the top rate, you must lock in your DeFi Coin for 360 days.

Notably, DeFi Coin is structured to incentivize long-term investment. There’s a 10% fee on every DeFi Coin sale, which encourages investors to keep holding even as the price starts to climb. So, investors in DeFi Coin should be looking to hold onto this token for a while.

Buy DeFi Coin

Your capital is at risk.

2. Lucky Block - Play-to-earn Crypto Game Token with Daily Rewards

Lucky Block is a play-to-earn crypto game that offers players a daily chance to win a slice of a $2.2 million prize pool. Players get a free entry into the drawing just for connecting their wallet to Lucky Block, and every additional ticket costs $5.

The first drawing is planned for mid-May, so Lucky Block could see a surge in interest in the near future, making it one of the next cryptos to explode. In addition, Lucky Block is also launching an NFT game that offers players a chance to win $10,000 each day.

The Lucky Block token (LBLOCK) is the native cryptocurrency of the Lucky Block platform. This coin stands out because 10% of each day’s prize drawing is set aside as a reward for LBLOCK token holders. So, you can earn steady income just by holding Lucky Block tokens - not to mention any price appreciation the coin sees as this game grows.

Buy Lucky Block

Your capital is at risk.

3. Tikka Token - Wealth Management Coin with Growth Potential

Tikka Token (TIKKA) is a brand-new cryptocurrency that’s being launched by Cube Wealth, a crypto wealth management platform that’s aimed specifically at investors in India. The token hasn’t yet launched, but it will offer access to Cube Wealth’s platform. Token holders will also be rewarded with a share of advisory and trading fees from Cube Wealth.

There are reasons to be optimistic about Tikka Token’s launch. Cube Wealth already manages more than $23 million in assets for users and it has a customer retention rate of 84%. That demonstrates that Cube Wealth is doing a lot of things right, and it could grow rapidly as the middle class in India continues to develop.

Tikka Token and Cube Wealth are led by an experienced crypto team and the roadmap for the coin appears sound. In the current market, expect the Tikka Token ICO to be less than red-hot - which could mean investors have a chance to get this new crypto at a bargain price.

Visit Tikka Token

Your capital is at risk.

4. Stepn - Move-to-earn Crypto Token with Long-term Value

Stepn (GTM) is a unique ‘move-to-earn’ cryptocurrency that offers a new spin on what cryptocurrencies and NFTs can do. Users have to purchase an NFT sneaker and then track their daily walking, jogging, or running to earn steps. Make enough steps, and users can eventually earn Stepn as a reward.

Crypto analysts are excited about this model because it takes a long time to play out. That means that the price of Stepn has been surprisingly stable compared to other cryptocurrencies, even during the current crash.

Notably, Stepn has several different forms of revenue. The platform makes money from selling NFT sneakers, from royalty fees on NFT trades, and from users paying to refill their energy and level up. All of that means that there’s real value behind the Stepn cryptocurrency, which bodes well for its long-term value.

5. Terra - Beaten-down Algorithmic Stablecoin Poised for a Comeback

Terra (LUNA) has plunged in value in recent days, making it a surprisingly cheap cryptocurrency to buy. That’s because the Terra UST stablecoin, which is supposed to be pegged to $1, has fallen to less than $0.30 at times. LUNA, a companion cryptocurrency that has a floating value to support the UST peg, has lost more than 99.9% of its value as a result.

There’s certainly no guarantee that Terra can regain its peg, or the confidence of investors in its stablecoin even if it does. The project’s founder has considered backing UST with Bitcoin, which would transform Terra from an algorithmic stablecoin to a collateral-backed stablecoin similar to Tether.

However, considering that Terra was the darling of the crypto world only a few weeks ago, it could be worth taking a risk on this cryptocurrency staging a comeback. If Terra does recover, it could produce massive gains for investors who step in at the coin’s bottom.

6. Avalanche - Ethereum Competitor at a Steep Discount

Avalanche (AVAX) is a direct competitor to Ethereum. It offers a faster blockchain that can handle more transactions and the demands of an increasingly busy crypto network.

Avalanche is far from the only blockchain competing for the crown - Solana and Fantom offer similar functionality. However, Avalanche has been backed by big-name developers and has a strong incentive program to push this blockchain to the front of the pack.

Avalanche is now down more than 65% from its price at the start of 2022. So, now could be the perfect time to buy this next-generation blockchain at a steep discount.

Conclusion

Aggressive investors can take advantage of the May 2022 crypto market crash to find the best cryptocurrencies to invest in 2022 at rock-bottom prices.

If you’re ready to invest in crypto today, check out DeFi Coin. It’s built to encourage long-term investing and offers up to 75% APY interest from staking. You can buy DeFi Coin on DeFi Swap today.

Buy DeFi Coin

Your capital is at risk.

Disclaimer:

The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.

Disclaimer: Content Produced by CryptoPR

Assembly Election Results Live Updates

Maharashtra Poll Results Highlights 2024

Jharkhand Poll Results Highlights 2024

Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.(You can now subscribe to our Economic Times WhatsApp channel)