More and more people are joining the shitcoins trend and coin projects are coming out almost every day. You can invest in them, although some of them do not have projects yet. And the thing is that once they are released on the market, many people buy massively in case their value increases in the future, sometimes they do not even wait long to sell.
The best place where we can find shitcoins recently created by users is in communities like Reddit, specifically in a subforum called r/CryptoMoonShots. It has more than 500,000 individuals and is as yet developing quickly.
You don’t have to be registered on Reddit to see the posts. But I recommend that you register and join the community to show support for the shitcoins you invest in. That is, in the arrows to the left of the post you can support it upwards to increase its visibility in the subforum itself. You can also leave comments, the more support the better.
Other alternatives to finding new cryptos
I also recommend you to use this website: TokenSniffer. The “Newest” section warns you about new cryptos, although it does not give more information (social networks, web…). They give you the contract and you make a living. You can then promote it yourself in the Reddit subforum. However they are not always new, they are cryptos that someone added, but you can search for recent cryptos.
You have this other website: TokenFomo. There are more in this one, but most don’t have data. You will have to search well or wait for something to be announced about that crypto. Another alternative is CoinHunt where it says “Launching today” (in the section Today’s best) are cryptos announced today, maybe you are in time to enter. On the side, you can vote to increase the visibility of that crypto.
And finally, I leave you this other website: Moonarch, it’s a website that shows you the shitcoins that have gained the most in the last minutes. Maybe you are in time to get into some pump.
¿What are altcoins?
The altcoins or alternative currencies are the alternative currencies other than bitcoin, or the so-called alternative cryptocurrencies to bitcoin. They are called Altcoin as this name includes Alt (Alternative) and Coin (Currency), even the term “alternative” actually means “alternative to bitcoin”.
Among the most popular Altcoins are Ethereum’s ETH and Dogecoin’s DOGE, which alone can explain a lot about the world of alternative currencies. To these, we can add several others, including Binance Coin, Ripple’s XRP, Tether, Cardano’s ADA, etc.
The main alternative currencies of 2022 are:
1. Avalanche (AVAX).
Avalanche (AVAX) is hot right now and is the king of our list of top new altcoins to invest in 2022. It meets all the requirements we mentioned above: it is a proof-of-stake platform that is building an ecosystem and is deeply involved in the DeFi scene as well.
2. Enjin Coin (ENJ)
Enjin Coin (ENJ) is used to back the value of digital assets in Enjin Network, a blockchain-based gaming ecosystem.
NFT (non-fungible tokens) is the reason the market has been made for Enjin Coin, as ENJ can be infused within NFT game elements, giving them a tradable value, and allowing players to buy, sell and trade them.
Recently, Stormrite, an open-world game for Steam and Xbox, announced a partnership with Enjin to explore NFT integration. If successful, it could open the door for more games to join the Enjin Network and expand the use of ENJ.
3. Solana (SOL)
Solana (SOL) is another brand new ecosystem created specifically for DeFi projects, of which it currently supports more than 400, according to its website.
Recently, Solana exploded to become the seventh largest cryptocurrency by market cap and much of this rocket fuel comes from the NFT craze that has taken over the crypto community.
This all started when we traded FTX and Announced that it would launch a cross-chain NFT minting platform for Solana and Ethereum. SOL then shot up 30%, according to CoinDesk. More big news came when NFT solanarte and digital eyeball markets were launched on Solana.
4. Decentraland (MANA)
Decentraland (MANA) is a virtual reality game where you can create and explore virtual worlds. With the MANA token, users can buy ‘LAND’ and create interactive experiences, which can be monetized, or buy avatars and other accessories on the marketplace.
Like Enjin Coin and Solana, the rise in popularity of NFTs has led to an increase in interest in Decentraland. According to Reuters, as of April 2021, there had been more than $50 million in total sales on Decentraland, including one parcel that sold for $283,567.
Decentraland has also been particularly successful during the coronavirus pandemic as an outlet for people trapped in lockdown.
5. Polygon (MATIC)
Polygon (MATIC), in short, is a platform primarily for scaling Ethereum. Using Polygon, developers can create separate Ethereum chains and build the infrastructure they need.
A massive development took place this year when it was announced that Polygon had acquired Hermez Network (HEZ) and the two would merge into one industry first (HEZ will be usable on the Polygon blockchain).
6. Algorand (ALGO)
Algorand (ALGO) is one of the most promising proof-of-stake cryptocurrencies we have seen so far. It claims to be the most scalable, decentralized, and secure blockchain ever made (a big claim, but not one that hasn’t been made before).
But the reason we’re so excited about SOMETHING right now is that the government of El Salvador recently made a deal with Koibanx, which builds blockchain-based financial software.
7. Terra (LUNA)
Terra (LUNA) is the governance token for the Terra stablecoin network and allows holders to vote on changes to the protocol. So far, the Terra network has 15 different stable currencies in operation, with TerraUSD (pegged to the US dollar) being the most well-known.
In addition to being one of the best stablecoin networks, a major upgrade called ‘Columbus-5’ was successfully launched in September and attracted a lot of investor interest.
Columbus-5 included interoperability with the Cosmos protocol and bridges with Ethereum and Binance Smart Chain. It also means that LUNA tokens will now be fully burned when a new TerraUSD is created.
How to invest in Altcoins safely
To invest in Altcoins safely, it is best to use regulated brokers. These platforms can guarantee the protection of their data against hackers and store users’ money in separate accounts from the broker’s general account so that they are protected in any case.
The lack of regulation greatly exposes those who use some “improvised” exchanges to trade currencies. With regulated broker platforms such as eToro instead, transactions are always protected.