Each day, tens – probably hundreds – of new cryptocurrencies hit the market. In effect, this has pushed the number of cryptocurrencies circulating in the market today past 20000. The reality is that the majority of these will never amount to anything. The few that do will most likely post inconceivable gains, making their earliest investor stupidly rich. This begs the question, which is the best rookie cryptocurrency to buy in 2022 and HODL? Which rookie digital coin has the highest possibility of blowing up in the future and ballooning your crypto portfolio? This article will help you find the answers as it features the top 10 Rookie Cryptocurrencies to put Faith in, in this bear market.
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize decentralized, community building at the forefront of web3. ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO and vote on how the ApeCoin DAO Ecosystem Fund should be used.
STEPN is a self-styled "Web3 lifestyle app" with GameFi elements on the Solana blockchain. It combines aspects of a play-to-earn game with a fitness app to create a new category coined "move-to-earn." Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging.
Solana is a highly functional open-source project that banks on blockchain technology's permissionless nature to provide decentralized finance (Defi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. It has a circulating supply of 319,790,577 SOL coins and the max. supply is not available.
Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a "layer two" solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.
The Sandbox is another metaverse cryptocurrency that has been soaring lately. Even though the crypto market is in a vulnerable state right now, the SAND token has maintained a consistent reputation of being a profitable investment due to the rising popularity of the metaverse.
Shiba Inu (SHIB) was created by an anonymous person named Ryoshi. It was made to mock Dogecoin but quickly gained traction itself. Now they both sit in the top 20 cryptocurrencies by market capitalization. Shiba Inu is also on a positive trend. It has increased by 1.785% in 24 hours at the time of writing.ibahen (SHEN) – Best Algorithmic Stablecoin to Buy Today
Binance Coin is the native token of one of the world's largest cryptocurrency exchanges. Binance focuses on bringing cryptocurrency exchanges to the forefront of financial and economic markets. Even though the Binance Coin seems to suffer currently because almost all crypto exchanges are suffering due to the plummeting crypto values, Binance Coin might prove as a more profitable investment than several other cryptocurrencies in the market.
Uniswap represents the popular decentralized exchange that enables users to buy and sell digital currencies without requiring communication with any third parties. While all other cryptocurrencies have failed to prove their worth to investors, Uniswap surpassed its market capitalization in the early part of 2022. Hence, Uniswap proves to be a good investment option in 2022.
Investors have been quite interested in Chainlink (LINK), which has experienced rapid growth. It has raised people's interest in Chainlink (LINK) even though it was created in a short time, opposite to other cryptocurrencies. Chainlink (LINK) offers users who ask for data from the Blockchain system a mechanism to get their requests approved, setting it apart from other altcoins in many respects.
Decentraland became a popular name in the crypto market after the metaverse became popular among the tech leaders. Over the past couple of days, the number of Decentraland users has risen exponentially leading to a massive increase in price. The Decentraland is one of the biggest metaverse cryptocurrencies and is supporting the development of a domain that will provide extreme immersive, and exciting experiences.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.