If you are a crypto enthusiast you already know that cryptocurrency is currently in a “crypto winter”. Despite this, people are already looking for new cryptocurrency coins that will rally in 2023 and beyond. In this article, we will discuss a few of the top new coins that are already looking like they are worth investing in and getting more profit from.
Are there any new cryptocurrency coins?
Again, due to the drop in the price of cryptocurrencies, there are not many new coins to catch the eye. However, these new cryptocurrency coins some of which are already in existence and others which were recently added look promising.
What are the top new cryptocurrencies to check out?
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Ethereum ETH
Even though the Ethereum coin has been an alternative to bitcoin since it was launched in 2015 and has grown to become the crypto with the second highest capitalization after bitcoin It currently trades at around $1,300 per ETH, its blockchain has been undergoing some changes which have allowed it to be more compatible with not just bitcoin, but with other web 3.0 applications like buying virtual real estate, NFTs, and games. Because the new ETH platform relies on proof of stake rather than proof of work, which makes it attractive for crypto miners since it means less energy consumption, the more consumers use its assets the more attractive the coin.
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Tether USDT
Tether is a stablecoin that pegs its value to the US dollar, which means it is unlikely to experience sudden rising and falling (which means your investment remains stable). Tether has a market capitalization of $68, 461, 359, 437, and is currently trading at $1. It may not look like much, but it has a lot of potentials to increase in the future.
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Binance Coin (BNB)
Binance currently trades at $272 and has a market cap of $44billion. It is also another of the coins pegged against the US currency which makes it another of the stablecoins that you can trade. What is even better is that it has the potential to rise when the US stocks rise, which makes it a stable investment to commit money to.
BNB is regarded as the largest cryptocurrency in trading volume. The reason why it is attractive is that like Bitcoin, it keeps a hard limit on the number of its coins in circulation and also on its new coins released. What also makes it good crypto to trade is that it has two blockchains, which ensures that it doesn’t run into the kind of bottlenecks that other blockchains run into.
Binance is set to launch Bifinity, a payment platform that will accept fiat to cryptocurrency, exchanges and also allow merchants to accept fiat money for digital assets. It absolutely will become one of the most valuable altcoins in the coming years.
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Algorand
One of the reasons why Cryptos like bitcoin and Ethereum consume so much energy is their proof of work-based blockchain. The Algorand crypto uses a “proof of stake” blockchain which can do 1300 transactions per second (TPS), instead, which doesn’t need the kind of power-consuming ASCIIs. Algorand stands out due to its green credentials
Furthermore, the Algorand creators claim that all the transactions on the coin’s blockchain will run a smart contract that will offset the transaction’s carbon footprint without the user needing to perform any action.
The Algorand coins also use part of its network fees to buy carbon credits through an app called Climate trade.
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Tectum TET
Tectum is one of the fastest-rising new cryptos, and that makes it one of the most attractive to invest in. it is the only Blockchain Network to employ the Proof-of-Utility protocol. The protocol optimizes data distribution and allows the blockchain nodes to verify 1 million digital transactions per second. Which makes it the fastest network by far. With this feature likely to engender several use cases Tectum is a cryptocurrency you should get into now.
$TET and Tectum Softnote are new cryptocurrency coins you can check out
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Decentraland (MANA)
The Mana token is a new cryptocurrency coin that is already being used as the currency in Decentraland, a VR game on the Ethereum blockchain. The attractiveness of the game and the prospect of Decentraland have made MANA the second-highest gaming cryptocurrency with the highest market capitalization in circulation. Some major hotels are already looking to acquire assets and even movie directors are looking at adding their movies’ NFT collections as assets in the game. All these will surely serve as a boost for MANA in the coming years.
If you are looking for new cryptocurrency coins to buy, there are several factors to take into consideration. Factors like how expensive the coin is, if it is a stablecoin, how much potential it has to draw traders and users (which portends its potential to rise), and if it can be traded with fiat currency or exchanged with other cryptos.
What is the next big cryptocurrency to explode in 2022
As noted no new cryptocurrency coins have exploded in 2022, because of the drop in Crypto price, however, Ethereum is launching a new cryptocurrency coin, Ethereum 2.0 aka Serenity in early 2023. Serenity’s blockchain will be able to do 100,00 TPS. It is hoped that this rebrand of ETH will be the next big crypto in the coming years
How to buy New Cryptocurrency coins before listing
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Open an account with a Cryptocurrency exchange or broker
If you choose a popular exchange like Coinbase, Binance US, or Gemini, you will be able to check new cryptos as they come out
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Fund Your Account
You need a way to pay for the cryptocurrency you want. You can pay through a linked bank account or a wire transfer. You can also use your credit or debit card.
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Place your order
The cryptocurrency exchange you open an account with will guide you through the process. It will help you convert your fiat currency to how many cryptos you can buy and the other fees you have to pay
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Token Presale
The easiest way to get your hands on new cryptocurrency coins is to partake in a new crypto’s often publicized token presale. Right now, Tectum is still holding its token presale. You can check it out here.