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Lesson 2: New Cryptocurrencies

Lesson 2: New Cryptocurrencies

New Cryptocurrencies are created every month as blockchain technology evolves and new projects emerge. Here are the new ones and a detailed cryptocurrency list everyone should be aware of.

What is the new cryptocurrency that everyone is talking about in 2022? It can be difficult to choose a new cryptocurrency for your portfolio, especially since there are more than 10,000 different digital currencies in circulation. Investors are trying to find the next big cryptocurrency that has the most potential to rise in price over the next years.

In this article, we will discuss the new cryptocurrencies for 2022 and a list of all cryptocurrencies to be aware of as you are starting your investment journey. It also provides a brief overview of cryptocurrency rankings and their use cases.

How to use this guide

  • Discover new cryptocurrencies to consider for your portfolio and all cryptocurrencies you should be aware of
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New Cryptocurrencies 2022

In 2021, cryptocurrency investment has seen incredible returns. While the start of 2022 has not been as great, there are new cryptocurrencies that might attract investors' attention.

They are not only waiting for the largest cryptocurrencies to rebound but they are also looking for new opportunities.

The world is slowly shifting towards Web 3.0, a decentralized blockchain-based version of the internet. That included decentralized applications and the metaverse. That’s why some of the cryptocurrencies ranking best are metaverse tokens, which may be used to purchase in-game NFTs (non-fungible tokens).

Here is a cryptocurrency list of new tokens in 2022.

Decentraland (MANA)

Decentraland (MANA) is a new cryptocurrency that ranks high on the investment list for investors. MANA allows you to make in-game purchases. Within Decentraland, players can sell and buy virtual land, and all of this is backed by the blockchain.

As of October 2021, after Facebook’s announcement that it will rebrand itself and build a metaverse, Decentraland has become one of the most popular metaverse platforms. The Decentraland marketplace allows players to trade their in-game items, creating an economy. At the beginning of 2022, MANA was trading at around $2.30 on cryptocurrency exchanges.

Lucky Block (LBLOCK)

Lucky Block is another new cryptocurrency you will find on the market. Lucky Block is a blockchain-based lottery platform. It seeks to use decentralised technology in order to improve the experience of legacy lottery systems. Lucky Block's native token, LBLOCK is a key component of the platform. It is used to pay transaction fees as well as buy lotto tickets. Jackpots are be paid in LBLOCK and winners receive their prizes immediately!

Lucky Block's presale round saw an overwhelming interest and was quickly sold out. The platform received $5.7 million in funding. Lucky Block's developers decided to list the LBLOCK token on PancakeSwap earlier than planned. This resulted in an increase of $3.4m in trading volume during the token's initial day of listing. The dev team at Lucky Block has set their sights to get a listing on Binance in Q1 2022 before the official launch of the platform on 25 March.

Shiba Inu (SHIB)

Shiba Inu was launched in 2020 and it’s considered one of the biggest meme coins. It was originally called the "Dogecoin Killer" and was launched without having a real utility.

However, ever since its launch, Shiba Inu has gained massive popularity within the crypto community, which calls itself SHIBArmy, and it’s now planning more developments. Shiba Inu coin reached a $41 billion market capitalization in November 2021 and is now sitting at around $11 billion. As of the beginning of 2022, Shiba Inu is trading around $0.000021 on cryptocurrency exchanges. If you’re looking for cryptocurrency ranking within the top 15 cryptos, then SHIB is the coin you’re looking for.

Cosmos (ATOM)

Cosmos is a blockchain project that aims to provide an alternative to the slowest, most expensive, unscalable proof-of-work (PoW) protocols. It offers an ecosystem of connected blockchains.

Cosmos’ goal is to simplify blockchain technology for developers through a modular framework that simplifies decentralized apps. The network’s whitepaper was published in 2016, and the ATOM token sale took place the year after. ATOM tokens can be earned using a hybrid proof-of-stake (PoS) algorithm. However, we consider Cosmos (ATOM) a new cryptocurrency due to the project innovation.

In April 2021, the Inter-Blockchain Communication (IBC) protocol was launched, and it allows blockchain networks to communicate more easily with one another, preventing fragmentation. It is the Cosmos standard for blockchain interoperability. This allows a blockchain to manage an account on a different chain. There are currently 38 IBC-enabled projects, including Terra, Gravity bridge, and Crypto.org. Interchain Accounts will be the biggest upgrade to the ecosystem since Stargate, which allowed Cosmos blockchains to connect to each other using the standard protocol for IBC. Interchain Accounts allows users to stake, vote, and swap tokens with other blockchains. The upgrade is intended to "enable composability within IBC" which allows innovation to be deployed in different applications without having to upgrade the whole Interchain.

Comdex (CMDX)

Comdex is a protocol for decentralized synthetic assets, that allows the unlocking of substantial amounts of commodity debt assets. This protocol is built on the Cosmos network, which stands for blockchain interoperability and aims to bring together liquidity from different DeFi systems and facilitate the flow of money into CeFi (centralized finance). It also facilitates the seamless flow of capital from DeFi (decentralized finance) into CeFi (centralized finance).

A key part of Comdex's overall mission is to decentralize the traditional financial system. This is why digitally trading representations of many assets allows investors global access to finance. With Comdex, investors can access global liquidity and assets seamlessly. This system is permissionless and can be used to tokenize real-world assets without any restrictions.

The Cosmos native token is CMDX. The token plays a critical role in Comdex's vision to create an ecosystem of solutions that democratize finance. The CMDX token has an inflationary nature. It is set at 30% for the first year and then lowered by 25% each year. There is a maximum supply of 200,000,000 CMDX. At the beginning of 2022, CMDX token trades at around $1.73, and the market capitalization stands at $233 million.

Persistence (XPRT)

Persistence is a protocol that allows institutions to access decentralized finance. The project was designed to improve financing methods in work environments using public blockchain and DeFi/OpFi. Persistence will help investors and new coins enter the cryptocurrency market by solving these problems.

The Persistence network uses XPRT tokens for chain management and staking. The Persistence coin is one of the new cryptocurrencies, as the XPRT token was launched in March 2021. Users can earn XPRT tokens by staking their tokens while supporting the network.

The circulating supply for XPRT tokens will exceed 100 million by 2024. 10% of XPRT tokens have been sold to investors and validators. While the supply of tokens will grow over time, distribution will remain constant. As such, 25.6% was allocated to marketing, 19.4% for the ecosystem, and 16% for the developer team. At the beginning of 2022, the CMDX token trades at around $2.89 on cryptocurrency exchanges.

Cryptocurrency Ranking

There are many cryptocurrencies available, including Bitcoin and Ethereum. But it can be overwhelming for those who are just starting to research the crypto space for the best cryptocurrencies to invest in. To make things a bit easier for new investors, here is a cryptocurrency list based on their market capitalization ranking.

Bitcoin (BTC)

All Cryptocurrency List - Bitcoin
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Bitcoin (BTC) is the first cryptocurrency, and it was created in 2009 by Satoshi Nakamoto. BTC introduced blockchain technology and aimed to create a peer-to-peer digital currency. Bitcoin has become almost synonymous with cryptocurrency, and it is the most popular digital coin to date.

Ethereum (ETH)

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Ethereum (ETH) is the crypto that powers the first open-source decentralized blockchain platform which supports smart contracts. Vitalik Buterin first described Ethereum in a whitepaper published in 2013. Buterin and other co-founders secured funding through an online crowd sale. The team raised $18.3 million in Bitcoin. Ethereum's price in the Initial coin Offering was $0.311, and there were over 60 million Ether sold.

Ripple (XRP)

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XRP is the cryptocurrency that is used on RippleNet's digital payment platform. It is built on top of XRP Ledger, a distributed ledger database. RippleNet is managed by a company called Ripple. RippleNet is a global real-time gross settlement system (RTGS) that aims to facilitate monetary transactions. Ripple created XRP to be a faster, cheaper, and more scalable option to existing digital assets like SWIFT.

Cardano (ADA)

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ADA is the native crypto of Cardano, one of the largest blockchains that use a proof-of-stake (PoS) consensus mechanism. This is less energy-intensive than the proof-of-work (PoW) algorithm relied on by Bitcoin. This project prides itself in making sure that all technology is peer-reviewed before it is validated. Cardano is regarded as one of the top competitors to the Ethereum network.

Litecoin (LTC)

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Litecoin is one of the first copies of the Bitcoin currency. Its simplicity and obvious utility benefits are the keys to its success as a peer-to-peer currency. Litecoin has been accepted by more than 2,000 stores and merchants around the world since January 2021.

Its primary benefit is its speed and cost-effectiveness. Litecoin transactions can be confirmed in minutes, and transaction fees are almost negligible. It is an attractive alternative for Bitcoin in developing countries where transaction fees could be a deciding factor when choosing which cryptocurrency to support.

Polkadot (DOT)

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DOT is the cryptocurrency of Polkadot, a multichain sharded network that can process transactions on multiple chains simultaneously ("parachains"). This parallel processing power increases scalability.

The network uses a sophisticated, user-driven governance system that allows token holders to vote on how the network is run. Polkadot allows teams to customize the governance of their blockchain based on changing conditions and their needs.

Stellar (XML)

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The Stellar lumen (XML) is the digital currency that powers the Stellar open network, which allows money movement and storage. One of its initial goals was to increase financial inclusion by reaching the unbanked world. But soon after, Stellar's priorities changed to help financial institutions connect through blockchain technology.

Lumens, the network's native token serves as a bridge to make it easier to trade assets across countries. This is all to challenge the existing payment providers that often charge high fees for similar services.

Chainlink (LINK)

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LINK powers the Chainlink network, which was one of the first to allow the integration of off-chain data in smart contracts. Chainlink is a trusted partner and one of the leading players in the data processing. Chainlink allows users to become node operators and generate revenue while running the critical data infrastructure necessary for blockchains' success.

Tron (TRX)

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TRX, or Tronix, is the currency of the Tron platform, that allows content creators to connect directly with their audience. Tron aims to help connect content creators to their consumers by eliminating the need for centralized platforms, whether they are streaming services, music sites, or app stores. This could make content more affordable for consumers.

Bitcoin Cash (BCH)

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Bitcoin Cash (BCH) is one of the most popular Bitcoin hard forks. In 2017, Bitcoin and its community split over concerns about Bitcoin's scalability. Since they couldn’t come to an agreement, Bitcoin Cash was created by a hard fork. Bitcoin Cash (BCH) aims to be a scalable cryptocurrency that can be used as a peer-to-peer currency. The Bitcoin Cash block size increased from 1MB up to 8MB at the time of the split. The increased block size of Bitcoin Cash means that it can handle more transactions per second (TPS), while fees are kept extremely low. This solves the issue with payment delays experienced by some Bitcoin BTC users.

Dogecoin (DOGE)

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Dogecoin is a meme coin, and it was created as a copy of Bitcoin. It was originally used on Reddit and Twitter as a tipping system to reward quality content creation. Participating in a Dogecoin community will get you tipped Dogecoin. Despite its lack of real utility, the DOGE became popular in 2021 after many celebrities started to endorse it, including Elon Musk.

All Cryptocurrencies – Cryptocurrency List 2022

Now that we’ve talked about the new cryptocurrency in 2022 as well as cryptocurrency ranking, let’s see what are the most sought after and the cryptos you should consider researching for your future investments.

Here are all cryptocurrencies to pay attention to as a new investor.

Without a doubt, all cryptocurrency investors have heard of Bitcoin (BTC), the first cryptocurrency ever created. While BTC was created with the intention to be used as a digital currency, many see it as an investment opportunity and a way to store wealth.

>> How to buy Bitcoin

However, Bitcoin is not only a trendsetting cryptocurrency, but it has also brought about a new wave of cryptocurrencies built upon a decentralized peer-to-peer network.

Ethereum (ETH) is one of the first Bitcoin alternatives when it comes to cryptocurrency ranking. Ethereum's goal is to provide a global suite of financial products that can be accessed by anyone, regardless of nationality, ethnicity, or faith.

>> How to buy Ethereum

Litecoin (LTC) was launched in 2011 and it’s one of the first cryptocurrencies that followed in the footsteps of Bitcoin. Litecoin is a global open-source payment network. It is not controlled or managed by any central authority. Although Litecoin has many similarities to Bitcoin, LTC is accepted by a growing number of merchants.

>> How to buy Litecoin

Cardano (ADA) Is an "Ouroboros Proof-of-Stake" cryptocurrency. The Cardano team created the blockchain through extensive experimentation and peer review. Cardano's researchers have published more than 120 papers on blockchain technology. Cardano appears to be able to outperform its PoS peers and other large cryptocurrencies due to this rigorous process. Cardano is also known as the "Ethereum Killer" due to its ability to do more than any other blockchain.

>> How to buy Cardano

Huge transactions between investment firms and banks used to take several days and involve many intermediaries. These transactions were expensive and took a lot of time. Now, the transaction can be done almost instantly with no intermediaries, thanks to Stellar (XLM).

>> How to Buy Stellar Lumens

Monero (XMR) can be used to create secure, private, and untraceable digital money. The open-source XMR cryptocurrency was launched in April 2014, and it quickly gained a lot of interest from the cryptography community. Monero launched with a strong emphasis on decentralization, scaling, and privacy.

>> How to buy Monero

Often referred to as the original meme coin, Dogecoin (DOGE) caused quite a stir when the coin's price soared in 2021. Some major companies accept the coin as payment, including Kronos, the Dallas Mavericks, and Tesla which Elon Musk owns. Learn How to buy Dogecoin.

When talking about altcoins, we have to mention Bitcoin Cash (BCH). It is one of the most successful Bitcoin hard forks. BCH was created to solve the scalability issue that the original Bitcoin code still has. Having a larger block size, the network is able to handle more transactions at a time.

>> How to buy Bitcoin Cash

Polkadot (DOT) aims to provide interoperability between other blockchains. Its protocol connects permissioned and non-permissioned blockchains, as well as Oracles, to allow systems to collaborate under one roof. Polkadot is based on its relay chain. This allows for interoperability between different networks.

>> How to buy Polkadot

Tron (TRX) is a blockchain-based, decentralized operating system that uses smart contracts, to enable content creators to share content without the need of centralized platforms. It was founded by Justin Sun in March 2014. Since 2017, it has been managed and supervised by the TRON Foundation, a non-profit organization in Singapore. Tronic or TRX was originally an Ethereum-based token. In 2018, Tronix switched to its own blockchain.

>> How to buy Tron

Ripple (XRP) acts as both crypto and a financial transaction network. Ripple's primary function is to provide a payment settlement system and remittance service. It is similar to the SWIFT system that allows international money and security transfers. This is used by financial intermediaries and banks that deal with currencies.

>> How to buy Ripple

EOS (EOS) is a blockchain-based decentralised platform that can be used to host and develop decentralized applications (DApps). EOS was launched in June 2018, following an initial coin offering that raised $4.1 billion cryptos for Block.one. Block.one is the company that developed EOS.IO, open-source software that is used on the platform. EOS tokens, which are cryptocurrency tokens, are used for network transfers.

>> How to buy EOS

Neo (NEO) is a blockchain-based platform that supports its own cryptocurrency as well as enables the creation of digital assets, smart contracts, and other services. NEO is a project that automates the management of digital assets using a smart contract. The ultimate goal of NEO is to build a distributed, network-based smart economic system. It is very similar to the U.S.-based Ethereum Blockchain network.

>> How to buy NEO

The cryptocurrency Dash (DASH) was first launched in 2014. Originally known as Xcoin, it was rebranded to Darkcoin. It adopted its current name of Dash in March 2015. It was originally created to protect anonymity and privacy. It is described as a privacy-centric cryptocurrency that was based on Satoshi Nakamoto's work.

>> How to buy Dash

Tezos (XTZ) is a blockchain network linked to a digital token, which is called a "tez" or a "tezzie". After a promising start and a successful initial coin offering (ICO), Tezos was troubled by numerous delays and legal issues. However, Tezos survived the cryptocurrency bear market, in part because of its unique proof-of-stake mechanism.

>> How to buy Tezos

Chainlink (LINK) is a cryptocurrency and technology platform. The network enables non-blockchain businesses to securely connect with blockchain platforms. Chainlink is a decentralised Oracle network or blockchain abstraction layer. It supports what it calls a hybrid smart contract. Enterprises can access all major blockchain networks, including Ethereum, Solana and Terra.

>> How to buy Chainlink

Aave (AAVE) is the native governance token for the Aave protocol. Holders can vote and discuss proposals for the project. Aave is a leading decentralized finance protocol, and it allows Ethereum investors to borrow and lend their cryptocurrency in a decentralized way.

>> How to buy Aave

Yearn.finance (YFI) is the native cryptocurrency for the Yearn.finance protocol. It's a governance token. YFI, which was launched in July, has grown to be one of the most popular Ethereum-based tokens. This is due to its focus on automated yield farm strategies. Yearn.finance could be described as an automated tool that seeks out the highest yields in Ethereum DeFi ecosystem.

Compound finance is a decentralised marketplace that allows crypto investors to lend and borrow digital assets. With the help of the Compound (COMP) token, users can set governance precedents for Compound. Compound can be described as an open-source system of smart contracts built on Ethereum.

Although we were able to list only 19 digital coins of all cryptocurrencies, there are many more important cryptocurrencies, and they compete for market share. Other important cryptocurrencies include, but are not limited to:

Crypto

Ticker

$ Price

Mkt Cap ($B)

About

Tether

USDT

$1

$79.5

Tether is a stablecoin pegged to the value of USD $1.00.

Solana

SOL

$89

$28.2

Solana is a decentralized blockchain built to enable scalable decentralized apps.

Avalanche

AVAX

$76

$18.6

Avalanche is a smart contract blockchain, functioning on the PoS algorithm.

USD Coin

USDC

$1.00

$53.1

A digital dollar stablecoin issued by Circle.

Algorand

ALGO

$0.77

$5.1

Algorand is a blockchain network that supports a wide range of applications.

Polygon

MATIC

$1.44

$10.8

Polygon is a protocol and a layer 2 solution for Ethereum. It’s a highly scalable blockchain, with minimal fees and fast transaction speed.

Binance Coin

BNB

$360

$59.6

BNB powers the Binance Smart Chain, which is a smart contract blockchain that competes with Ethereum and Polygon.

IOTA

MIOTA

$0.79

$2.2

IOTA hopes to be the platform of choice for IoT device transactions.

IOST

IOST

$0.0257

$465 million

IOST's blockchain infrastructure is designed for security and scalable operation. It aims to become the backbone of future online services.

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FAQs

How many cryptocurrencies are there?

There are thousands of cryptocurrencies, and more are created every year, as the technology evolves, and more use cases are being deployed. As of February 2022, it is estimated that the total number of cryptos is around 10,000.

Here is an updated list of all cryptocurrencies.

Why are there so many cryptocurrencies?

All cryptocurrencies belong to a blockchain and can serve different use cases. As the technology evolves, new blockchain projects are being created. Most of the time, each blockchain project decided to launch its own cryptocurrency.

What are some other important cryptocurrencies?

Some of the important cryptocurrencies that investors may want to keep an eye on are Bitcoin, Ethereum, Litecoin, BNB, Polygon (MATIC), Solana, and Ripple (XRP). Bitcoin is still the mail crypto, and it tends to dictate the general trend of the crypto markets.

Why is Bitcoin still the most important cryptocurrency?

Bitcoin is the most popular cryptocurrency due to its user base and market capitalization. As the first crypto ever created, most investors still follow the BTC trend as a general guideline for the cryptocurrency market trend.

What is the latest cryptocurrency?

New cryptocurrencies emerge every month, as new blockchain projects are created. Because of the alert pace of the crypto space, investors should always do their own research if they plan to invest in the latest cryptocurrency. It’s always a good idea to research the team behind it, to establish the legitimacy of the project.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.
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