by Analytics Insight
February 10, 2022
These new coins on PancakeSwap are some of the best cryptos to invest in right now
While the market is still working on shaking off its bearish rut, many investors are looking for the best cryptocurrency to buy in 2022 as they hope to still beat the market.
No matter how challenging it is, there are always coins that can help deliver the type of long-term gains that we’ve become so used to in the crypto market. Now that Bitcoin has reclaimed the $42,000 level, money should trickle down to altcoins as investor confidence increases for more ‘risk on’ assets.
New cryptocurrency to buy 2022 wise tends to be found on decentralized exchanges. These coins might not be the most popular, but they still do well to deliver impressive returns.
Below are the top new coins available on PancakeSwap – one of the most popular DEXs.
The Top 5 Best New Crypto on PancakeSwap for February 2022
Let’s take a first look at the best new cryptocurrency to buy 2022 options:
- Lucky Block (LBlock): The Best New Cryptocurrency on PancakeSwap
- PancakeSwap (CAKE): The Ideal Governance Token
- Polkadot (DOT): An Up-and-coming Ethereum killer
- Ether (ETH): The king of blockchains
- Chainlink (LINK): Crypto’s undisputed oracle
A Closer Look at the Best New Cryptocurrency to Invest In
1. Lucky Block (LBlock): The Best New Cryptocurrency on PancakeSwap
If you’re scouring PancakeSwap and looking for the most promising cryptocurrency to buy, that title definitely has to go to LBlock. The token was developed by Lucky Block – an online lottery and gaming platform that’s reshaping the industry with blockchain technology.
Lucky Block has a simple aim, which is to decentralize the lottery industry and ensure that everyone can get involved. The platform uses blockchain to ensure transparency and fairness while also opening up its lottery game system to anyone willing to play regardless of where they are.
Lucky Block launched LBlock late last year to streamline the process of buying lottery tickets. Players can buy this cheap cryptocurrency and use them as tickets or buy and hold.
The asset launched on PancakeSwap in January, and the gains so far have been quite impressive. Tracking data shows that LBlock started trading at $0.000888. But, in a matter of days, it hit a high of $0.0030 – marking an impressive jump of 127%.
LBlock is an attractive coin right now. The Lucky Block developers are currently working on an app for their lottery game that will increase accessibility, meaning that more people are poised to buy the coin.
There are also rumours of LBlock listing on Binance and FTX – two of the biggest exchanges in the world. Opening the coin to more markets and potential investors is sure to help LBlock even more.
If you’re looking to get on the ground of something interesting, you should consider LBlock.
Buy Lucky Block on Pancakeswap.
Cryptocurrency markets are highly volatile and your investments are at risk.
2. PancakeSwap (CAKE): The Ideal Governance Token
CAKE is the governance token for PancakeSwap itself. The token has been getting more attention from investors and developers, thanks in no small part to PancakeSwap’s popularity.
In the world of DEXs, PancakeSwap has stood out quite well. It isn’t the largest DEX yet, but the platform attracts investors who love its high transaction speed and low fees. With impressive liquidity, PancakeSwap has been able to carve a niche among DEXs in the market. Right now, that’s very important.
As PancakeSwap continues to grow, we expect the prospects for CAKE to continue in the same direction. Right now, the platform is home to many coins whose developers were unable to launch on bigger DEXs like UniSwap. They have found a much better alternative in PancakeSwap, and their investors will be trooping to the platform to get their hands on these coins.
As the market keeps maturing, CAKE is one coin we’ll definitely be keeping an eye on.
3. Polkadot (DOT): An Up-And-Coming Ethereum Killer
Polkadot ranks among the top blockchains in the market. The blockchain became especially famous for its interesting way of working. Here, you have a Relay Chain where transactions are permanent and parachains which are essentially user-created blockchains.
All parachains are customizable for different use cases, and they feed off the Relay Chain. This way, parachains get to benefit from security and transaction optimization. Polkadot’s developers believe that this system enables transaction security and accuracy.
Polkadot and its business model have made news a lot recently. With other blockchains growing, Polkadot has also sought different ways to attract investors.
The blockchain has reportedly been in talks to become an official sponsor of FC Barcelona – one of the world’s biggest football clubs. Just as well, digital asset manager CoinShares recently launched an exchange-traded product denominated in the DOT token. Both of these initiatives should give DOT a jolt of life as the market continues to battle a downturn.
You should note that the DOT tokens available on PancakeSwap aren’t the original DOT tokens. Instead, they’re assets pegged to Binance Coin (BNB). Still, they’re traded against BNB and can deliver value to investors. You can buy DOT in the normal way on eToro.com.
4. Ethereum (ETH): The King of Blockchains
Speaking of blockchains, it will be nearly impossible to leave out Ethereum. Since its launch, Ethereum has been the most popular blockchain. It’s the standard for other blockchains.
Recently, Ethereum has been plagued with several scalability issues. These problems have led to the rise of “Ethereum killers” like Polkadot, hoping to eat into its market share. Still, Ethereum has managed to keep them at bay. This year, Ethereum is expected to complete its long-awaited Ethereum 2.0 upgrade, bringing it fully into the proof-of-stake consensus mechanism.
The switch to ETH 2.0 is expected to address these scalability issues and more. Over time, it should make Ethereum more viable to developers and cause a surge in the ETH price.
ETH is probably the most popular cryptocurrency to buy on PancakeSwap right now. If you’re looking for an asset-backed by a bonafide project, it doesn’t get any better than this.
Ethereum can be also be staked on crypto staking platforms such as eToro.com.
5. Chainlink (LINK): Crypto’s Undisputed Oracle
Chainlink is a decentralized blockchain oracle — essentially, a service that offers off-chain data to smart contracts. In today’s world, blockchains and smart contracts are used in pretty much every field. This means that oracles are all-important, and Chainlink currently leads the field.
As a result, LINK tokens are always in demand. We expect to see more blockchain use, especially in decentralized finance (DeFi) and non-fungible tokens (NFTs). This surge will only lead to an increase in demand for platforms like Chainlink. So, investors can bank on this one.
Chainlink’s LINK tokens are available on PancakeSwap, and they’re among the most popular and most liquid on the exchange. You can also buy LINK on the regulated crypto platform eToro.com.
The Chainlink developers also appear to have something in the pipeline. Last week, they hired Christian Catalini, the co-creator at Meta’s Diem project, and Stanford University cryptographer Dan Boneh. Both are expected to help build Chainlink’s Cross-Chain Interoperability Protocol (CCIP) – a global standard for inter-blockchain messaging as well as data and token transfers.
How to Buy the Most Promising Cryptocurrency on PancakeSwap
Now that we know the best coins available on PancakeSwap right now, let’s consider how to buy LBlock — the number one pick!
1. Go to PancakeSwap
As expected, your first step will be to visit the PancakeSwap website.
2. Connect Your Wallet
Click on the “Connect Wallet” button and choose the wallet you’d like to pair with the exchange. PancakeSwap supports several top self-custodial wallets like MetaMask and BSC Wallet.
3. Buy BNB
LBlock is built on the Binance Smart Chain. So, you’ll need the platform’s BNB token to buy LBlock. You can head straight to buy LBlock if you already own BNB. If you don’t, purchase BNB and send it to your wallet.
4. Buy LBlock
Tap the “Trade” button and hit “Exchange.” Choose BNB in the “From” section and search for LBlock in the “To” section. Your coins will automatically be deposited in minutes.
Conclusion
PancakeSwap is one of the best places to purchase coins at the moment. The DEX is fast, and its fees are comparatively lower than most others. If you’re a crypto enthusiast, then you can easily check out the best new cryptocurrency to buy/invest in.
We’ll recommend looking into LBlock right now. A solid project backs the token, and its developers also have a lot of momentum heading into February.
Buy Lucky Block on Pancakeswap.
Cryptocurrency markets are highly volatile and your investments are at risk.
This news is republished from another source. You can check the original article here