Cryptocurrency is becoming more and more popular with each passing day. Ever since it first appeared on the market it has only continued growing. That’s why numerous leading industries started slowly implementing cryptocurrency in their endeavors, making it even more appealing to businesses and consumers alike. If you want to buy cryptocurrency, read this easy to grasp guide on 5 best new cryptocurrency to buy.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
However, the fact of the matter is that cryptocurrency is quite a volatile asset. That means that handling it will require some careful consideration and quite a bit of research in order to do it properly.
Many people believe that, when it comes to investing in cryptocurrency, there are specific times when this should be done. And although this is true – to some extent – things are not always as straightforward as they may seem.
The fact of the matter is that cryptocurrency is being traded 24 hours a day, which means that timing the best moment to invest in it may be a bit tricky.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The 5 Best Cheap Cryptocurrency to Invest in 2022
The list below highlights five of the best cryptocurrency to invest in 2022 with a small amount of money. Crucially, all tokens are priced at less than $1.
- Lucky Block – The Best New Cryptocurrency to Buy 2022
- Shiba Inu – One of the Cheapest Cryptocurrencies to Buy
- Dogecoin – Cheap Cryptocurrency to Buy With Huge Upside Potential
- Stellar – Most Promising Cryptocurrency to Buy at Sub-$1
- The Graph – One of the Most Popular Cryptocurrency to Buy This Year
You should never buy a cryptocurrency simply because it is affordable. As a result, we’ll explain why we think the following five best cryptocurrencies to buy in 2022 in the sections below.
Best practices when investing in cryptocurrency
As mentioned earlier, cryptocurrencies are constantly being traded daily. What this means is that the price of these currencies tends to experience quite a bit of volatility.
And, just like with any other type of investment, the volatility can seriously affect the way in which traders approach the investment. It can lead to fear of missing out, or an increased fear of participating at all. It can also cause traders to make hasty moves which don’t necessarily promise good results.
With more stable currencies, the best time to invest in them is assessed quite easily: buy when the prices are low and sell when they’re high. But with cryptos, things are a bit different.
That’s why one of the best practices when it comes to investing in cryptocurrency is to focus on dollar-cost averaging (DCA).
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is dollar-cost averaging?
Dollar-cost averaging, or DCA for short, is a type of a long-term investment strategy. Traders that tend to follow this strategy usually purchase small amounts of an asset – in this case cryptos – over a long period of time, regardless of their price.
As an example, by following a DCA strategy, a trader would purchase $50 worth of cryptocurrencies each month. Some DCA strategies may last for years, while others may last only a few months, depending on what the trader’s goals are.
Even though this strategy is quite a popular way to invest in cryptocurrency, it isn’t unique to crypto investing.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
So, what is the best cryptocurrency to invest in now?
Leading cryptocurrency projects such as Bitcoin, Ethereum, and even Yearn. Finance now need thousands of dollars to purchase a single token. If you’re thinking about investing in Bitcoin, make sure you know how to buy Bitcoin in the UK safely.
Sure, you can buy a portion of a coin via an internet broker or exchange, but why not go with a cheaper cryptocurrency?
We’ll go through the five best cryptocurrencies to invest in 2022, so you may acquire a huge number of tokens with a minimal investment.
1. Lucky Block – The Best New Cryptocurrency to Invest in right now
Despite the fact that Lucky Block is giving a very low entry fee during its pre-sale, which will end on February 1st, this project is much more than a cheap cryptocurrency. Yes, as of this writing, you’ll just have to spend $0.19 per token to get into the pre-sale.
However, because its business strategy solves a real-world problem, Lucky Block might be worth a lot more in the near future. Simply put, the team behind Lucky Block intends to use decentralization, blockchain, and smart contract technologies to transform the lottery industry.
To put it another way, Lucky Block will provide lottery games to individuals all around the world without needing them to go through a middleman. Furthermore, all Lucky Block game participants may be completely certain that the outcomes are real and fair.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Shiba Inu – One of the Cheapest Coins to Buy Now
Since its inception in 2020, Shiba Inu has fared well, with the token’s price having risen by an estimated 70 million percent from its initial listing price. As a result, Shiba Inu is not only one of the greatest new cryptocurrencies to invest in for growth in 2022, but it’s also very inexpensive.
Importantly, this initiative has generated a total of one quadrillion tokens, which is much larger than Bitcoin’s 21 million BTC limit. As a result, despite the fact that Shiba Inu is valued several billion dollars, a single token now trades for little over $0.00002 at the time of writing.
To put it another way, if you invest $500 in Shiba Inu at current prices, you could expect to receive around 25 million tokens in your wallet. As a result, you don’t need a lot of money to create a large Shiba Inu herd. If you’re interested in buying Shiba Inu, follow this easy guide on how to buy Shiba inu coin.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Dogecoin – Cheap Cryptocurrency With Huge Upside Potential
If you’re searching for a bargain, Dogecoin is one of the finest cryptocurrencies to invest in in 2022. If you want to buy Dogecoin, take a look at this amazing article on how to buy dogecoin. This digital coin might be acquired for a fraction of a penny before 2021. However, the cryptocurrency has reached highs of $0.73 after Elon Musk launched his pro-Dogecoin attitude.
The good news is that Dogecoin is still trading below $1, and the digital asset’s value has subsequently plunged to under $0.20. As a result, this is a low-cost cryptocurrency that you may purchase at a steep discount.
Although the future of Dogecoin is uncertain – not least since its current success is arguably the consequence of hype and conjecture – ardent supporters hope that it might one day reach a token price of $1.
There’s no assurance that this will happen, so if you purchase Dogecoin, you should diversify your portfolio with some of the other great cryptocurrencies we mention on this page.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Stellar – The Most Promising Cryptocurrency to Buy Right Now
Stellar is a sleeping giant in the sense that, at little over $6 billion in market capitalization, it is potentially undervalued.
Crucially, Stellar provides patented network technology that enables fast and low-cost cross-border payments between two or more fiat currencies. For example, the network costs just 0.00001 XLM every transaction, which is equivalent to $0.0000025 at the time of writing.
Furthermore, transactions seldom take longer than 4-5 seconds to complete, regardless of where the sender and recipient are situated. As of this writing, Lumens, the Stellar network’s native cryptocurrency, may be purchased for $0.25 per token.
This implies that a $100 investment will get you 400 Lumens tokens.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. The Graph – One of the Most Famous Cryptocurrency to Buy This Year
The Graph is next on our list of the greatest new cryptocurrency to buy in 2022 for a low price. This ground-breaking technology, which was originally released in 2018, allows data from other blockchain networks to be indexed.
The Graph addresses a real-world problem when you consider how many transactions the whole blockchain industry handles per second. Not only does this blockchain project have a promising future ahead of it, but its GRT token is now selling at $0.54.
In terms of previous performance, this popular cryptocurrency had a tremendous increase in price when it was originally released, rising from $0.26 to almost $2.30. However, the price of this token has now dropped, allowing you to get into the market at a significant discount.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
When is the best time to invest in cryptocurrency?
To put it simply, the best time to invest in cryptocurrency is when you feel ready to do so. Luckily, with the help of the dollar-cost averaging strategy, you can easily make sure you secure your investments without necessarily putting your assets at risk.
With this approach, you can control how many of your assets you spend on the investment, which will allow you to control the volatility of the cost of the investment to a certain degree.
Moreover, keep in mind the golden rule of trading and investing which states that you should never invest more assets than you’re comfortable with potentially losing. That way you will ensure that even if things happen to go south with your investment, you are still in a position where you can comfortably recover from the loss.
This is particularly important to remember, as investing in cryptocurrency doesn’t guarantee success. It is true that some investors made significant profits investing in these currencies, but luck does play a significant role here, aside from identifying the best time to invest in cryptocurrency.
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.
Conclusion
Timing the moment when to invest in cryptocurrency can be a bit tricky.
As you had the opportunity to see, there are some pointers you can rely on, such as data gathered during previous months and the current state of the market. But the fact of the matter is that nobody can tell you with absolute certainty the exact moment during the day, week or month when you need to invest in cryptocurrency for the best possible outcome.
It will all depend on how ready you are to make an investment, how comfortable you are with potentially losing some of your assets and how well you’ve done your research.
Luckily, if you rely on the DCA approach, you can ensure that you get your hands on cryptos without necessarily risking more than you can afford. If you decide to invest, don’t forget to read this easy and useful article on how to buy cryptocurrency in 2022.
Source: CryptoPR
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