PancakeSwap is home to thousands of digital tokens – many of which have been trading for less than a year. As such, the PancakeSwap exchange is a great launchpad to invest in up-and-coming cryptocurrency projects that are yet to take off.
In this article, we discuss five of the best cryptocurrency to buy 2022 that are listed on PancakeSwap.
Read on to see our full analysis of the above cryptocurrency projects.
The best penny cryptocurrency to invest in 2022 via PancakeSwap is analyzed in the sections below.
Wondering what the most promising cryptocurrency to buy right now is? Lucky Block is creating an ecosystem that facilitates global lottery games that will be accessible to all. The Lucky Block framework generates gaming outcomes via smart contracts – which ensures transparency, trust, and legitimacy.
That is, gaming outcomes on the Lucky Block platform are guaranteed for their fairness – and no centralized bodies are involved in the number-drawing process. In terms of its PancakeSwap journey, the Lucky Block token was listed on the crypto exchange as recently as late January 2022.
The token was listed at an entry price of $0.00021 – before quickly going on a rapid upward trajectory. In fact, within the space of a few days, Lucky Block briefly hit highs of $0.003. As such, this translates into gains of well over 1,000% for early investors. Additionally, the Lucky Block Telegram group now has over 25k members.
The good news is that Lucky Block is still at the very start of its blockchain-based lottery roadmap, so you can still purchase the token at a highly favorable price. Moreover, with a market capitalization of just over $100 million, the upside potential could be huge.
Cryptocurrency markets are highly volatile and your investments are at risk.
CAKE is the native digital token of PancakeSwap. As a result, it goes without saying that you can easily buy CAKE tokens directly from the PancakeSwap exchange. As a utility token, CAKE performs several roles within the PancakeSwap ecosystem.
At the forefront of this is to provide tokens on the PancakeSwap exchange with liquidity pools. This allows projects to offer seamless trading conditions for their respective tokens – of which there are many thousands.
Users buying CAKE can also use the tokens to engage in staking. Again, this can be achieved directly on PancakeSwap. In terms of performance, CAKE has since become a billion-dollar asset class. In the 12 months prior to writing this article, CAKE has generated gains of over 160%.
Cryptocurrency markets are highly volatile and your investments are at risk.
The next project from our list of the best cryptocurrency to invest in 2022 is Safemoon. This digital currency is perhaps one of the biggest success stories of the Binance Smart Chain and PancakeSwap – with the token generating significant gains since it was launched just under two years ago.
Although Safemoon was only released in March 2021, within the space of three months – the project carried a market capitalization of over $6 billion. This resulted in early investors making gains in the millions of percentage points.
With that said, Safemoon has since retreated since its mid-2021 all-time high, and the token can now be purchased at a huge discount. As such, if you believe that Safemoon will once again regain its previous highs, now could be a good time to enter the market.
The broader cryptocurrency markets typically move in sync – meaning that when Bitcoin is down, as are the majority of other digital tokens. When this does happen, shrewd investors will often hold a stablecoin to avoid further losses and be ready to pounce once the markets recover.
And as such, if you're looking to focus on tokens projects listed on PancakeSwap, BUSD is one of the best cryptocurrency to buy in 2022 for this purpose. After all, BUSD operates on the Binance Smart Chain, so you can instantly convert the stablecoin into another token.
Moreover, in terms of safety, BUSD – which is backed by the world's largest exchange, Binance – has proven US dollar reserves on a 1:1 basis. This is in stark contrast to other stablecoins like Tether, which only have a small fraction of US dollar reserves backing their tokens.
Floki is not too dissimilar to Safemoon, insofar that the token has experienced huge success since it was launched on PancakeSwap in June 2021. Although many view Floki Inu as just another dog-theme meme coin (think Dogecoin, Shiba Inu, etc), the project was able to create significant hype through an aggressive marketing campaign.
Not only did this include conventional online digital marketing through cryptocurrency-centric channels, but physical-based billboards via buses, trams, and even airports. And as such, Floki Inu has since gone from a token price of $0.000004 to highs of $0.0003. This represents gains of over 7,400%.
Now you know which cryptocurrency to buy in 2022 for your investment portfolio, you can now go ahead and purchase your chosen token on PancakeSwap.
However, the investment process on PancakeSwap is slightly more challenging when compared to buying a token on a centralized exchange.
As such, this section of our guide will show you how to buy cryptocurrency on PancakeSwap – using Lucky Block as our example.
The easiest way to invest in cryptocurrencies listed on PancakeSwap is via Trust crypto Wallet. You can download Trust Wallet onto your iOS or Android smartphone for free.
Next, you will need to transfer BNB into your Trust Wallet. This is because tokens listed on PancakeSwap typically operate on the Binance Smart Chain and thus – are paired with BNB.
At the bottom of Trust Wallet, you will see 'DApps'. Click it – and look for PancakeSwap. Trust Wallet will then ask you to authorize your connection to the PancakeSwap exchange.
Next, paste the Lucky Block contract address into the relevant box – which indicates that you want to buy the token.
You will now need to specify how many Lucky Block tokens you want to buy. You can do this by stating how many BNB tokens you wish to exchange for Lucky Block.
Then, click on the 'Swap' button and confirm the trade.
Finally, go back to the main Trust Wallet interface and click on 'Add Custom Token', before pasting in the Lucky Block contract address. This will then display the Lucky Block tokens that you just bought.
This brief article has discussed the best new cryptocurrency to invest in 2022 via PancakeSwap – with Lucky Block standing out.
Lucky Block has already generated significant gains since its listing in early 2022, albeit, the project is still in its infancy.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.