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Are you looking for the best new cryptocurrency in Canada to buy in 2022 on Bitcoinist? There are several cryptocurrencies mentioned as the ones with the biggest potential. If you are wondering whether you should invest in cryptocurrencies or not, we believe that now is the perfect time to invest in crypto. Here is a list of the best crypto coins to invest in Canada in 2022:
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Even though the crypto market is volatile and unpredictable, we can all predict that this crypto winter will come. This crash of the crypto market has nothing to do with the market itself but with the overall economic situation in the world. With inflation, this big power crisis, the consequences of the coronavirus lockdown, and the Russian invasion of Ukraine, it was hard not to see a crash in the crypto market as well. The explanation is simple – people are afraid to invest, and big investors are withdrawing from the crypto market. This naturally leads to coins like Bitcoin decreasing in price.
But this is not the end of crypto trading, and you can expect the future to see the market restoring its previous value. This is why now, when all the coins are at their lowest price, you should invest in them. But in which coins to invest? Well, the best is to invest in new projects that are supported by a wide range of investors.
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If you love Dogecoin, then you will love TamaDoge even more. This is a new popular meme coin that, unlike Dogecoin, has strong case usability and functionality in the real world. This meme coin is not something you can use to make transactions, but you can use this coin to play the TamaDoge game. This coin called (TAMA) can also be earned in the P2ern game where you can breed and battle with your virtual pet, something like “Tamagotchi.” The coin is currently on presale and can be bought for USDT, ETH, with a credit card, or by winning rewards in the game.
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To begin, you need to make sure you have a wallet supported by Wallet Connect (like MetaMask or Trust Wallet) installed on your browser. Purchasing through a desktop browser will provide you with a smoother purchasing experience. If you purchase on mobile, we recommend using Trust Wallet and connecting through the built-in browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
Once your preferred wallet provider is ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps, you will need to select “Wallet Connect.” You will then have three options to buy with Card, ETH, or USDT. If you do not have ETH or USDT, you need to select Option 1 and purchase ETH first. If you have sufficient ETH or USDT in your wallet, you can now purchase TAMA by typing the amount you want (1,000 minimum) and then clicking “Convert Eth.” Once the presale has ended, you will be able to claim your TAMA tokens.
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If you like to compete while earning passive income, then the Lucky Block is the game to seek and coin to invest in. LuckyBlock is an NFT competition platform that runs on a blockchain. It is a place where you can enter to win prizes. Some of the prizes you can win are one million in BTC, Lamborghini, FIFA World Cup tickets, and more. You can also earn rewards by simply holding the Lucky Block NFTs.
In order to enter the competition, you must buy Lucky Block NFT through NFT Launchpad (nftlaunchpad.com). All NFT holders will receive daily rewards, which are 1% of the profit pool of the competition. After the competition is over, NFT holders will continue to receive rewards.
Lucky Block has Platinum Roller Platinum Rollers Club NFT collection, and all holders of this NFT will automatically enter the “Platinum Competition” that is only open to these NFT holders.
After the NFT competition is launched, you will be able to enter the competition by minting the NFT collections for each prize. The tickets for the main prize are $1, and the minimum amount you can buy is $5. Also, each LBLOCK holder with a minimal value of $500 can get one free ticket for the main jackpot draw.
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If you like to play a fantasy sports game, stake coins and explore the virtual reality metaverse, Battle Infinity is your top choice. This new exciting Indian project that is in the same engineering range as India-based Polygon (MATIC) is next to Axie Infinity, Sandbox, Splinterlands, or Decentraland. So if you liked any of those projects, then Battle Infinity will be even better. The platform consists of IBAT PREMIER LEAGUE, where you can make virtual teams out of real-world players and play soccer in the virtual world.
But aside from a game, the platform offers a coin called IBAT that you use to play games, buy NFTs for your players and upgrades, and, most importantly, you can swap these tokens on the market or IBAT SWAP for other cryptocurrencies or fiat currencies. Here is what you can find on this platform:
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If you’re a Canadian, you have probably heard about Cardano (ADA) crypto coins, as this is one of the most popular coins to buy in Canada. Cardano is unique due to its early embrace of proof-of-stake protocol, which makes mining ADA fast and easy. Also, with this protocol, the transaction time is significantly decreased, and the impact on the environment is minimal, which solves some of the biggest issues that Bitcoin has. Also, Cardano allows smart contracts just like Ethereum, making this coin truly competitive on the market. The current price of Cardano is $0.56, with a market cap of $67 billion USD or $86 billion CAD. You can buy Cardano in Canada on Binance, NDAX, or CoinSmart.
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DeFi Coin, or DEFC, is a native coin of the DeFi swap exchange. This is a decentralized exchange that allows you to swap one coin for another in seconds without any third party getting involved. You can exchange many crypto coins on this platform. But the true value you can earn in DeFi exchange is by holding the DEFC in your wallet. The platform encourages long-term holders by providing passive income. All transactions on the network are charged, and 10% of that fee goes to the holders of the coin in two ways. The 5% or half of that amount is divided among the DEFC holders, like dividends, while the other 5% goes to the liquidity pool and for other services.
The DEFC is $0.051558, which is an increase when compared to previous months.
You can buy DEFC on PancakeSwap and DeFi Swap.
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Decentraland is a virtual game set on the Ethereum blockchain where you, as a user, can buy virtual land and other digital assets. You can build buildings on your land, purchase other digital assets, and live in a virtual world in this metaverse. The native token of this metaverse is called MANA, and it is a token you use to purchase different digital assets. Currently, the price of MANA is $1.04, which is an increase compared to previous months when the price was $0.97, and the predictions are that the price will continue to grow. A lot of companies and investors are interested in the Decentraland project, and this interest will continue in the future.
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When it comes to the crypto world, there is no doubt that Bitcoin is the one that holds everyone’s attention. It is the first successful crypto coin, and its price has risen to an all-time high of $68,000 per BTC. BTC is available to purchase on many exchanges, but also it is a coin that has a huge use case in the real world. It is widely accepted by many states, companies, and other institutions. You even have BTC coins, which you can swap them easily for fiat currency.
Another reason why BTC is so popular and valuable is that this coin has the biggest store value. With a limited circulation of 21 billion coins, its value will only increase by the time all the coins are minted. The BTC’s only downside is that it works on proof-of-work protocol and the fact that mining this coin demands a lot of energy. But on the other hand, it is considered to be the safest coin most people trust in.
Currently, the price of one BTC is $23,800, which is a significant decrease from $68,000, but most crypto experts expect that price will rise again. So if you wish to become the owner of BTC, now is the right time because the price will only continue to grow in the following months.
Also, there are platforms like eToro, Coinbase, and Binance that allow you to buy a fraction of BTC, so you don’t have to invest over $20,000 to own a BTC.
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This is another great crypto coin whose blockchain runs on proof-of-stake and proof-of-history protocols, which makes it faster than ETH and BTC. The native token of the platform is Solana or SOL, and it is a utility token you use to power up the network. What makes Solana different from other networks is that transactions must be voted on before being confirmed. All the nodes must be voted to prove the legitimacy of the node and transaction. This allows faster transactions but also raises a question about whether this mechanism leads to the centralization of the network.
The price of SOL is currently $43.20, and the predictions show that this project will continue to grow.
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You probably wonder why you should invest in Tamadoge. Well, for starters, this is one of the cheapest coins you can invest in now. The coin is currently on presale, meaning this price will never be lower than it is now. Also, Tamadoge and TAMA coins can be earned while playing a game, or if you prefer, you can sell the token once the project is launched and available on the market.
Currently, there are over one million investments surrounding the Tamadoge project, and more and more investors are joining on a daily basis. The whole project is supported by the great community that can be found on Twitter, Telegram, or Discord.
Investing in new projects that are waiting to be launched is the right move now that the crypto winter is finishing, so don’t let this incredible opportunity slip through your fingers.
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If you wish to invest in any other crypto, you are free to do so – just make sure your investment is safe. Nobody can guarantee how your coins and investments will behave on the market. This is why simple investing in crypto coins is risky. If you invest in the gaming industry, which is probably one of the few industries in the world that see growth nowadays, your money will be in safer hands, and if you pick TamaDoge, you will get to play a game and earn money as well.
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