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Crypto investors can purchase new cryptos from their ICOs as thousands of new projects are available. In the past few years, many investors made fortunes and millions of dollars from the crypto marketplace who were brave enough to purchase Bitcoin at the launching period. Checking ICOs of crypto projects by following several sites is common practice among smart crypto investors.
However, rare ICOs can easily attract investors who know what info to check to determine the potentiality. So it requires proper research and evaluation to find new potential crypto coins. This article enlightens how to find new crypto coins and the top five to invest in.
How to find new potential crypto coins?
Thousands of crypto projects are already in circulation, and more are on the way. So it can be overwhelming when choose the best among them. Checking on ICO sites can be beneficial as it includes various info about the project such as soft-cap, pre-sale, public sale, team profile, and buy-in price. Follow simple guidelines to spot the potent coin, such as:
- Check the idea behind the project. Bitcoin was a unique idea, although many coins have the same functionalities. Observe the coins with new twists and overcome the lack of old projects.
- Check if crypto exchange platforms like Kraken, Bittrex, or Coinbase announce listing the project on their platforms, as it is a significant sign that the project may have potential.
- Check the team behind the project. When the team of veterans is behind the project, that will be favorable.
- Another crucial factor is the community behind any project. More people are interested in talking about the project, and the chance of rising value increases.
- Check the whitepaper to know the seriousness of the project. It will give you an idea of the project’s utility and future projection.
- Check what the building platform of the project is. Usually, ICOs are created on existing blockchain unless developers build their own.
The top five new crypto coins of 2022
Thousands of new crypto coins are available, and many more are coming into the marketplace. Our research suggests the best five new crypto coins among them are:
- Lucky Block (LBLOCK)
- Yearn.finance (YFI)
- PancakeSwap (CAKE)
- Coinmetro Token (XCM)
- Terra (LUNA)
Lucky Block (LBLOCK)
LBLOCK price chart
What is LBLOCK?
PancakeSwap lists this coin in Jan 2022. It is a digital asset project seeking to revolutionize the global lottery industry and operates in the Binance blockchain. It is among the fastest-growing crypto in the crypto industry, and the price is floating near $0.002813 today with a 24-H trading volume of $517,737.
- Fully diluted market cap: $282,037,389
- Live market cap: $103,856,691
- Circulating supply: 37.23B
- Total supply: 100,000,000,000
- Max supply: 100,000,000,000
- Volume / market cap: 0.004926
How much could you earn for 1 year?
Many crypto analysts predict the price per LBLOCK token might hit $0.011 by Dec 2022.
Yearn.finance (YFI)
YFI price chart
What is yearn.finance?
It is an aggregator service for DeFi investors. This platform uses automation to allow investors to maximize profits by yield farming. The launching period is Feb 2020. The native token YFI is currently floating near $20,490.52 today with a 24-h trading volume of $94,770,190. This token is currently available on many crypto exchanges, including CoinTiger, Binance, CoinFLEX, OKX, and Bybit.
- Fully diluted market cap: $751,171,167
- Live market cap: $750,592,094
- Circulating supply: 36,637.72
- Total supply: 36,666
- Max supply: 36,666
- Volume / market cap: 0.1263
- Total value locked (TVL): $2,837,179,070
How much could you earn for 1 year?
Many crypto experts anticipate the price of YTI can hit near $36,732 by Dec 2022.
PancakeSwap (CAKE)
CAKE price chart
What is PancakeSwap?
It is an AMM protocol, a DeFi application that allows users to exchange tokens and earn rewards through farming or providing liquidity. The launching period of this platform is Sep 2020. The native token of this platform, CAKE, is floating near $8.45 today with a 24-H trading volume of $166,268,421.
- Fully diluted market cap: $5,950,780,730
- Live market cap: $2,386,494,346
- Circulating supply: 282,347,124.69
- Total supply: 703,867,118
- Max supply: not available
- Volume / market cap: 0.06982
- Total value locked (TVL): $4,925,705,051
How much could you earn for 1 year?
Many crypto experts predict the average price of CAKE can reach $17.45 by Dec 2022.
Coinmetro Token (XCM)
XCM price chart
What is Coinmetro Token?
This platform describes itself as a fully-rounded FinTech ecosystem designed to simplify access to the digital asset economy. The native coin XCM grew approx. 1400% within one year. The price is floating near $0.54 today with a 24-H trading volume of $300,906.
- Fully diluted market cap: $178,570,476
- Live market cap: $166,661,498
- Circulating supply: 303,079,442.00
- Total supply: 326,798,666
- Max supply: 330,000,000
- Volume / market cap: 0.001813
How much could you earn for 1 year?
Many crypto analysts anticipate that the price per XCM might hit nearly $1.24 by Dec 2022.
Terra (LUNA)
LUNA price chart
What is Terra?
Terra is a unique platform that aims to power price-stable global payments systems by using fiat-pegged stable coins. The official launching period of this platform is Apr 2019.
- Fully diluted market cap: $70,944,275,023
- Live market cap: $33,685,817,261
- Circulating supply: 354,786,910.97
- Total supply: 748,417,301
- Max supply: not available
- Volume / market cap: 0.09592
How much could you earn for 1 year?
The current price is floating near $95.17 today, and many crypto analysts anticipate the price of this crypto can hit $210.6 by Dec 2022.
Pros and cons
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Final thought
Finally, we make this list by checking all primary factors that indicate the potentiality of any crypto project. Remember, cryptocurrencies are a comparatively new addition to the financial world, so don’t spend as much as you can’t afford.
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