If you’re interested in investing in the cryptocurrency market, an excellent way to generate above-average returns is to look for the best cheap cryptocurrency to buy. As these coins tend to be trading at a low price, any upwards moves can result in market-beating returns for savvy investors.
The 10 Best Cheap Cryptocurrency to Buy 2022
Found below is our picks for the best new crypto in the market right now, resulting from in-depth research and analysis:
1. Lucky Block (LBLOCK) – Overall Best New Crypto to Buy
2. Avalanche (AVAX) – Most Promising Cryptocurrency to Buy in 2022
3. Maker (MKR) – Exciting New Crypto with DeFi Exposure
4. Ethereum (ETH) – One of the Best Altcoins with Long-Term Value
5. Chainlink (LINK) – Best Cryptocurrency to Invest in 2022 with Unique Use Case
6. Uniswap (UNI) – Huge DEX with Great Price Prospects
7. Enjin (ENJ) – Best Crypto Related to NFTs
8. Basic Attention Token (BAT) – Exciting New Crypto with High Demand
9. Yearn.finance (YFI) – Cheap Cryptocurrency to Buy for High Yields
10. Solana (SOL) – Best Blockchain Project with Super-Fast Transactions
A Closer Look at the Best New Cryptocurrency to Buy 2022
If you’re looking for which cryptocurrency to buy with great future prospects – then look no further!
1. Lucky Block (LBLOCK) – Overall Best New Crypto to Buy
Our pick for the best cryptocurrency to buy in 2022 is Lucky Block. Lucky Block is a crypto-lottery platform that uses blockchain technology to improve traditional lottery systems. Users can purchase lotto tickets using LBLOCK, the platform’s native token, meaning the entire process is digitized and fair.
Using LBLOCK instead of FIAT, Lucky Block can make pay-outs much faster – and conduct multiple prize draws every day. In addition, since geographical boundaries are removed, users from across the globe can take part in these prize draws. The hype around Lucky Block right now is enormous, with the presale selling out two weeks ahead of schedule. Furthermore, Lucky Block already has over 20,000+ members in its Telegram group, highlighting its solid community backing.
Buy Lucky Block on PancakeSwap
Cryptocurrency markets are highly volatile and your investments are at risk.
2. Avalanche (AVAX) – Most Promising Cryptocurrency to Buy in 2022
Another exciting new cryptocurrency to invest in 2022 is Avalanche. Avalanche is a super-fast blockchain platform that uses three chains rather than one – meaning tasks are divided, and transaction speeds are significantly increased. Speeds are boosted even more since Avalanche uses two separate consensus mechanisms, ensuring that the platform is immensely scalable.
Buy AVAX on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Maker (MKR) – Exciting New Crypto with DeFi Exposure
Maker is the native token of MakerDAO, a decentralized lending platform built on the Ethereum network. Users can lock up ETH in the protocol and create ‘DAI’, a stablecoin pegged to the dollar. Essentially this allows users to receive crypto loans and generate yields without the need for invasive KYC checks.
Buy MKR on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Ethereum (ETH) – One of the Best Altcoins with Long-Term Value
Ethereum is the second-largest crypto in the world behind Bitcoin and has grown exponentially in recent years. Unlike Bitcoin, Ethereum offers a platform where developers can build dApps, with full support for smart contracts. The upcoming release of Ethereum 2.0 will see the platform increase its transaction speeds and scalability whilst reducing fees. Ultimately this could be great news for investors, as these changes could see ETH rise in value.
Buy ETH on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. Chainlink (LINK) – Best Cryptocurrency to Invest in 2022 with Unique Use Case
Chainlink is an innovative network that uses ‘oracles’ to provide off-chain data to the blockchain. Off-chain data, such as stock market prices, can be used by smart contracts within dApps, yet has to be sourced in a decentralized manner. Chainlink’s nodes can source the data for a fee, which is paid in LINK.
Buy LINK on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
6. Uniswap (UNI) – Huge DEX with Great Price Prospects
Another option for which cryptocurrency to buy in the DeFi space is Uniswap. Uniswap is a decentralized exchange (DEX) hosted on the Ethereum network and allows users to exchange crypto tokens easily. As it is decentralised, there is no requirement for users to provide personal details.
Buy UNI on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
7. Enjin (ENJ) – Best Crypto-Related to NFTs
Enjin is an Ethereum-based cryptocurrency used to power an ecosystem of NFTs. The exciting thing about Enjin is that the coin can be used in various blockchain games to buy and sell items. Furthermore, items denoted in ENJ can be used across multiple games, offering interoperability between different developers.
Buy ENJ on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
8. Basic Attention Token (BAT) – Exciting New Crypto with High Demand
Basic Attention Token (BAT) is a unique crypto that looks to revolutionize the digital advertising industry. Users on the Brave web browser can be rewarded in BAT simply for watching ads, whilst advertisers can also get rewarded for creating advertisements that capture users’ attention.
Buy BAT on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
9. Yearn.finance (YFI) – Cheap Cryptocurrency to Buy for High Yields
According to Binance Academy, Yearn.finance is a DeFi protocol that provides users with access to high yields on their crypto holdings. Users can deposit their holdings into ‘vaults’ and generate impressive passive returns – for example, depositing Curve tokens can net investors an APY of up to 48.42%!
Buy YFI on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
10. Solana (SOL) – Best Blockchain Project with Super-Fast Transactions
The final new cryptocurrency to buy 2022 with great potential is Solana. Like Ethereum, Solana is a blockchain network that provides a medium for developers to build and host dApps. However, Solana seeks to improve on the poor scalability of current systems by using a ‘Proof of Stake’ consensus mechanism that is less energy-intensive and can provide faster transaction speeds.
Buy SOL on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy New Cryptocurrency
Found below are walkthroughs on how to buy Lucky Block and how to invest in cryptocurrencies with eToro – both of which can be completed in minutes.
eToro is our pick for the best crypto exchange since users can invest from as little as $10 (£7.73) per position and benefit from tight spreads. Furthermore, all users can download eToro’s free crypto wallet on iOS or Android, which features advanced security measures (such as DDoS protection) to safeguard your holdings.
How to Buy Lucky Block
- Step 1 – Create a Crypto Wallet: Download and set up a reputable crypto wallet, such as Metamask or the Binance Trust Wallet.
- Step 2 – Buy BNB: Buy Binance Coin (BNB) using a broker or crypto exchange and transfer it to your crypto wallet.
- Step 3 – Connect Wallet to PancakeSwap: Go to the PancakeSwap website, click ‘Connect Wallet’, and follow the on-screen instructions to link your wallet.
- Step 4 – Buy Lucky Block: Search for Lucky Block on the exchange and click on it. In the order box that appears, enter the amount of BNB you’d like to swap for LBLOCK and click ‘Swap’.
Buy Lucky Block on PancakeSwap
Cryptocurrency markets are highly volatile and your investments are at risk.
How to Buy Cryptocurrency on eToro
- Step 1 – Join eToro: Open your trading account by heading to the eToro website, clicking ‘Join Now’, and entering the required personal information.
- Step 2 – Verification: Verify your account by uploading proof of ID (passport or driver’s license) and proof of address (bank statement or utility bill).
- Step 3 – Deposit: Deposit at least $10 (£7.73) into your account.
- Step 4 – Buy Cryptocurrency: Search for your chosen crypto and click ‘Trade’. Enter your investment amount (minimum $10) and click ‘Open Trade’.
Buy Cryptocurrency Now.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: Content Produced by CryptoPR
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