December 1, 2022

So you’re hoping to build a steady income through cryptocurrency?

But do you feel that it’s too late to get into the major cryptocurrencies such as Bitcoin or Ethereum?

Luckily, in 2022 there are many new cryptocurrencies that offer great opportunities to build and preserve your wealth or use alternative currencies.

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But with so many new crypto coins on the market, you’re likely confused as to which ones to choose!

Here are our picks on the best crypto coins to consider in 2022:

Tether

Tether (USDT) is a relatively new crypto coin that we expect will take off in 2022. It’s suggested that you hold some Tether along with Bitcoin. You can find more info on how to acquire the latter from an ATM.

So what makes Tether worth investing in? Tether is tied to the US Dollar so it has a fixed value.

If you are looking for an alternative method to hold US dollars then Tether might be the best option. This is especially great if you travel often and don’t always have access to cash.

Solana

This is a great cryptocurrency to invest in if you’re looking for an alternative to Ether.

It’s an improvement on the Ethereum blockchain and has faster transaction speeds than Ether. As of this publication, it’s also much more affordable than Ether and most other cryptocurrencies.

This isn’t a cryptocurrency to buy if you’re looking to build or preserve wealth. Rather, Solana works well as a standalone currency if you’d rather hold onto your other crypto coins.

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Terra

This is a rather complex coin and you’ll have to dive into more research to decide whether it’ll work for your needs. However, the biggest advantage of Terra is that it’s tied to the US Dollar.

What makes it unique from similar stablecoins such as Tether, is that as the value of the USD decreases more Tether coins will get converted to Luna. Luna is an alternative cryptocurrency to use for online purchases.

As such, the circulation of Terra can change at any time. You want to consider if you’re willing to risk buying this coin. However, this might be a great investment if you want the stability of fiat and crypto.

Avalanche

This is a relatively unknown cryptocurrency that might take off in 2022. One of the major benefits of blockchain technology is the ability to execute smart contracts.

Avalanche (AVAX) is a crypto coin that’s built for helping transact with smart contracts. You might want to stack AVAX if you’re running a business that deals with smart contracts.

Choose These New Crypto Coins

Now you can choose among these new crypto coins to build and preserve your wealth as well as partake in transactions.

If you want to focus on building wealth you want to consider stablecoins such as Tether and Terra. Both are tied to the USD and give you an alternative if you can’t access cash.

Solana is a great alternative for operating on Ethereum and is more affordable than Ether. Avalanche works well for executing smart contracts on the blockchain.

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You can find more info on brand new crypto coins on our blog!