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We provide a roundup of 12 new cryptocurrency to invest in this month – June 2022 – that have the potential to scale for mass adoption in financial markets, but also other areas of the economy such as cloud computing and content delivery networks.

Business 2 Community selected 12 cryptocurrency we determine to have the technology, adoption progress, execution and product marketing prowess to deliver on the promise of blockchain as a disruptor and disintermediator. Distributed ledger technology could change the face of the SaaS space in innovative and profitable ways.

As with all definitions, competing ones can bleed into each other, but we have grouped our token selections into the following four business sectors, with three crypto assets in each:

Table of Contents

Top 12 New Cryptos to Buy in July 2022

Here’s a quick glance at our top-rated cryptos before we take a more in-depth at them below.

  • Lucky Block– Web 3 games platform build revenue streams now
  • Defi Coin– Decentralised exchange seeks to emulate and even surpass Pancakeswap DEX
  • My Freedom Coin – The world’s only crashproof asset that offers loans with no liquidation risk
  • Avalanche – Viable Blockchain Alternative to Ethereum
  • The Sandbox – Tools to accelerate the building and deployment of Play-to-Earn games
  • Ethereum – No.1 smart contract platform set to migrate to scalable Proof of Stake protocol
  • Enjin – pioneer in use of NFTs in gaming and trading of in-game items
  • ApeCoin – Popular ‘Meme Coin’ with Huge Price Potential
  • Curve – liquidity pool on Ethereum designed to facilitate efficient stablecoin trading
  • PancakeSwap – Currently the No.1 Binance Smart Chain based decentralised Exchange
  • Solana – Layer 1 platform can theoretically deliver speeds of up 700k tps and routinely does 3.5k tps
  • Chainlink – Market-leading secure blockchain oracle service

Purchasing cryptocurrencies is just the first stage of the crypto investment, most traders then need to store they’re digital assets in a secure cryptocurrency wallet. We recommend reading our Exodus wallet review for more details on the best crypto wallets in 2022.

Here’s our 12 Best New Cryptocurrency to Invest in 2022

Before you get started, you might also want to read our Best Bitcoin Brokers in the UK guide for a breakdown of the most popular places to buy cryptos in 2022.

Web 3.0 Cryptocurrency for July 2022

1. Lucky Block (LBLOCK) – transforming crypto games with blockchain tech

LBLOCK logo

Lucky Block is one of the best new cryptocurrencies that launched its much anticipated first prize draw and NFT prize draw in late May, making it one of the best crypto presales of 2022.

Lucky Block is a new crypto games platform that aims to revolutionise the $330 billion global industry around prize draws, giveaways and play-to-earn games by solving, among other things, the lack of transparency and trust in current jackpot products. Breaking the grip of the centralised operators by applying the power of ‘Web 3.0’ decentralised networks is how Lucky Block plans to succeed. Did you know that Lucky Block has been dubbed one of the best new cryptocurrencies to explode in 2022?

lucky block jackpot

With Lucky Block, winners are not just randomly generated in a verified manner but players will be able to vote on where charitable donations go – with all transactions visible on the public Binance Smart Chain (BSC) blockchain. In addition, the cost savings that accrue from running draws on a blockchain are the basis for better odds for ticket buyers.

The benefits don’t end there. Lucky Block also pays a distribution (in LBLOCK) to every token holder, simply for holding the token and connecting to the Lucky Block app. A total of 10% every jackpot goes to token holders, providing a regular passive income stream.

Lucky Block prize draws

Then there is the added allure of the 12% transaction fee on sales of LBLOCK, which acts to incentivize long-term investment as opposed to purely speculative trading.

Lucky Block’s mission is nothing less than the replacement – or supplementing – of the offerings from the current industry incumbents with a truly global system open to all. There’s all to play for, so to speak. Lucky Block is also the best crypto under $1.

Data in the table below is from the leading decentralized exchange, PancakeSwap, and is correct as of June 22nd 2022. We have included volume data from centralised exchange LBank, where LBLOCK also trades.

LuckyBlock (LBlock/WBNB)
Price: $ 0.0009943
Volume 24 hour: $83k
Holders: 57,255
Transactions: 840,000
Pooled LBlock: 40.77 billion
Pooled WBNB: 10,010
Total liquidity: $6.16 million
Diluted Market Cap: $99 million

Table data and chart correct as of 22nd June 2022.

Launch partners

  • The Manc Group
  • Finixio

LBLOCK price chart

Cryptoassets are a highly volatile unregulated investment product. 

Best DeFi cryptocurrency for July 2022

2. DeFi Swap and DeFi Coin (DEFC) – decentralised exchange and native token

DEFC logo

Bullishness surrounding the coin comes after an extended period of quiescence during which developers were working to bring key elements of the roadmap into being, namely the promised DEX in the form of DeFi Swap.

DeFi Coin has bagged astronomic price gains of 462% on a 14-day view, with more set to come as DeFi Swap rolls out its feature set, including automatic liquidity pools and its 10% transaction tax that sees 50% of that amount going back to DEFC token holders.

On such strong price performance, DEFC right now is a strong contender to be among the best DeFi coins to hold in 2022.

DeFi Swap

DeFi Coin yield farming is now available on DeFi Swap – there are plans with APYs ranging from 30% (30 days) to 75% (365 days) depending on period.

Founder Scott Ryder says the team will be unveiling future plans over the coming days and weeks, all of which he expects to have “market moving” impact, making it one of the cryptos with the highest potential.

In addition to PancakeSwap, DEFC, as mentioned, is currently also listed on the BitMart centralised exchange (CEX) but plans are being put into action to speed listings on other CEXs.

DeFi Coin founder Scott Ryder explains: “We are going to be breaking down the main wallet into three separate ones. The purpose of this is to have the main wallet providing liquidity to all the major centralised exchanges we are planning to list on.”

DeFi Coin review

So what will the other two wallets be used for?

“We will have a separate marketing wallet, and a third wallet dedicated to funding our development work on the exchange and help provide greater liquidity to as many token pairs as possible on DeFi Swap.

Ryder said that the marketing wallet will be set-up to sell DEFC at the rate of $500 per hour, but the project also includes an automatic burn function.

DEFC is a small coin in terms of trading volume and holders. But after a fall from an all-time high at $0.82, the chances of the coin seeing a mushrooming in interest and, accordingly, strong price appreciation is high.

RETURN ON INVESTMENT (USD – %) and vital stats
24H 0.4%
7D -20%
Current Price $0.1254
Total liquidity 3k
Holders 1,913

Table data and chart correct as at 22 June 2022

defi coin price chart

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. My Freedom Coin (MFC) – The world’s only crashproof asset that offers loans with no liquidation risk

If the market crashes anything like it did in May 2022, My Freedom Coin is where you will want to have parked your assets, so it’s definitely one of the best cryptocurrencies to watch right now.

Dubbed as an altcoin where you never lose your money, My Freedom Coin is a unique DeFI project on this list as it has a mechanism designed to make it “crashproof.”

It becomes crashproof due to the Floor Price created by the BUSD held inside the BUSD Treasury. The assets in the treasury are filled through a series of higher coin offerings and benefit from transaction fees accumulated on the platform. As the total value of the BUSD Treasury increases and Transaction made, so does the Floor Price of MFC;

Floor Price = BUSD in BUSD Treasury / MFC Circulating supply.

The DeFi platform is accessible on both iOS and Android, and it allows users to buy and sell MFC as well as take out BUSD loans through collateralizing MFC. However, to get access to the platform, you will need an invite code. Feel free to use the following QR code to sign up;

QR Code MFC

CODE: ABXNMMXPHN

Users can buy MFC on the My Freedom P2P exchange. The exchange charges a 2% transaction fee to both buyers and sellers. The 2% fee charged to buyers is in MFC, and it is totally removed from circulation, helping to increase the Floor Price for MFC. The 2% charged to sellers is used for security and maintenance on the platform.

Additionally, users will have to pay a monthly $50 Trading License on the months they wish to use the P2P Exchange. The majority of the funds from this fee are used in the Community program, but a small portion helps to create more demand for the MFC Coin and increase the Floor Price.

Another great feature of this project is its collateralized BUSD loans. Users can utilize their MFC as collateral through the My Freedom Collateral Loan section on the platform. By collateralizing their MFC, users can take out a BUSD loan charged at a 0.98% monthly interest rate. In addition, the user is also charged a one-time 0.5% Loan Processing Fee.

All of these mechanisms contribute to raising the Floor Price for MFC. Once the Floor Price reaches the price you paid for MFC, your investment is entirely risk-free as the value for MFC will never drop beneath its Floor Price.

The Floor Price helps minimize the effects of negative price volatility within the market and truly makes My Freedom Coin (MFC) one of the best investments in 2022.

My Freedom Coin vs Cryptos

For example, if you had invested $1,000 into MFC on December 12, 2021, the total value of your investment would be $16,470 today. In comparison with the top cryptocurrencies, your $1000 investment would be down 27% (worth $627) if you invested in BTC, down 43% (worth $566 today) in ETH, and down 75% (worth $253) in SOL.

Cryptoassets are a highly volatile unregulated investment product. 

Best Layer 2 Crypto to Buy

4. Avalanche (AVAX) – Viable Blockchain Alternative to Ethereum

Avalanche is a blockchain network that takes a unique approach to scalability, allowing it to rival the current ‘top dogs’ within the crypto space. Instead of using one blockchain, as is the standard approach, Avalanche uses three separate chains. Each chain is used for a specific task, allowing Avalanche to handle up to 50,000 transactions per second (TPS).

This approach has attracted the attention of dApp developers, who are growing tired of Ethereum’s incredibly-high GAS fees. By using the Avalanche Consensus Protocol, the network can offer transaction fees that are much more acceptable – whilst maintaining a high level of scalability.

Avalanche’s native token is AVAX, which is used to pay network fees and for staking. Those who stake their AVAX to become a network validator can earn up to 10% APY, which is far higher than the rates offered within the traditional banking sector. Overall, although the price of AVAX is down significantly from where it was last year, this crypto still has enormous potential going forward.

RETURN ON INVESTMENT (USD – %)
24H -4.9%
7D _0.8%
1M -47.6%
3M -81.1%
1Y +48.1%

Table data and chart correct as at 22 June 2022

Institutional investors

  • Polychain Capital
  • Three Arrows Capital

AVAX price chart

Cryptoassets are a highly volatile unregulated investment product. 

Metaverse and NFT cryptocurrency for July 2022

5. The Sandbox (SAND) – metaverse and gaming digital asset monetisation platform

The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities wit the help of non-fungible tokens (NFTs) and its utility token $SAND. NFTs are in effect a digital certificate of ownership.

Players can use NFTs to assign verifiable ownership to their digital assets integrate into games and trade on marketplaces. The Sandbox provides tools such as the Game Maker to enable player engagement.

Also, The Sandbox virtual world – or metaverse – is comprised of digital lots of real estate bought with LAND tokens, where players can become digital property developers and interact.

Companies such as Facebook owner Meta are betting big on the metaverse as the next iteration of the internet, where people will work, play, socialise and shop, so there will be money to be made.

An unknown buyer recently paid $450,000 for a patch of virtual land next to rapper and businessman Snoop Dogg’s Sandbox ‘residence’.

The Sandbox is an excellent new cryptocurrency to buy.

RETURN ON INVESTMENT (USD – %)
24H -2.7%
7D +0.4%
1M -35.5%
3M -72%
1Y +392.1%

Table data and chart correct as at 22 June 2022

Institutional investors

  • Binance Labs
  • HASHED
  • True Global Ventures

the sasndbox price chart 27 may 2022

Cryptoassets are a highly volatile unregulated investment product.

6. Ethereum (ETH) – Blockchain Network with Smart Contract Functionality

Ethereum needs no introduction, as the blockchain network has become the go-to for decentralized application (dApp) developers worldwide. Ethereum’s network provides the foundation for these apps, thanks to its smart contract functionality. These smart contracts remove the middleman from certain transactions, making the process entirely decentralized.

Although Ethereum’s GAS fees have been criticized for months, there could be hope on the horizon thanks to the upcoming release of ‘Ethereum 2.0’. This upgrade – Ethereum Merge – is now set to take place as soon as August 2022 and will see Ethereum move to a ‘Proof-of-Stake’ protocol. This will significantly increased the scalability of its blockchain and reduce fees. When this upgrade happens, we could see more people than even opt to buy Ethereum.

RETURN ON INVESTMENT (USD – %)
24H -3.9%
7D -9.8%
1M -46.4%
3M -62%
1Y -42.3%

Table data and chart correct as at 22 June 2022

Institutional investors:

  • Kingfisher Capital LLC
  • Arrow Capital Management, Inc
  • Toroso Investments LLC

ethereum price chart 27 may 2022

Cryptoassets are a highly volatile unregulated investment product. 

7. Enjin (ENJ) – gaming community platform, virtual goods marketplace

Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items. Enjin aim is to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.

The Enjin team are innovators in the NFT field, with a token they invented winning approval as an Ethereum token standard for specialised NFTs – ERC-1155.

Similarly to the The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to facilitate rapid deployment of integrations into games.

For more details on the investment process read our how to buy Enjin coin.

RETURN ON INVESTMENT (USD – %)
24H -4.2%
7D +0.9%
1M -36.2%
3M -69.3%
1Y -51.4%

Table data and chart correct as at 22 June 2022

Institutional investors

  • CoinFund
  • Coinbase Ventures
  • DT Capital Partners
  • Digital Currency Group
  • Framework Ventures
  • Kilowatt Capital
  • LedgerPrime
  • Lemniscap
  • Multicoin Capital
  • ParaFi Capital

enjin price chart 27 may 2022

Cryptoassets are a highly volatile unregulated investment product.

8. ApeCoin (APE) – Popular ‘Meme Coin’ with Huge Price Potential

As the name implies, ApeCoin is an ERC-20 token that is inextricably linked to Bored Ape Yacht Club – one of the most expensive NFTs on the market. Although BAYCs creators are not directly involved in the ApeCoin project, the token has become synonymous with the NFT collection – and will even be used in the upcoming ‘Otherside’ metaverse project.

When ApeCoin was released in March 2022, it was airdropped to BAYC holders, which essentially amounted to free money. Due to the hype around the NFT collection, the APE price immediately rocketed, as retail investors chose to buy tokens thanks to the hype being driven by social media.

However, APE’s price has fallen from March’s highs as the coin has struggled to find real-world use cases. ApeCoin has been implemented into certain blockchain-based games, such as Benji Bananas, which has provided some utility. Regardless, due to the immense community backing that BAYC (and ApeCoin) has, this coin still has great price potential over the longer term.

RETURN ON INVESTMENT (USD – %)
24H -7.6%
7D +14.2%
1M -48.4%
3M -56.8%
1Y N/A

Institutional investors

ApeCoin price chart

Cryptoassets are a highly volatile unregulated investment product. 

Other DeFi Crypto to Buy Now

9. Curve (CRV) – decentralised exchange

Curve protocol has been a fast-grower in the decentralised finance (DeFi) sector. Its approach was initially centred on leveraging the liquidity of stablecoins to create more stable sources for yields on loans. There are no order books for the markets on Curve, with market making instead an automated process built around liquidity pool trading pairs.

Today it has expanded to become a venue trading all manner of coins with pegged values, such as so-called wrapped tokens that run blockchains other than Ethereum where Curve runs.

Currently, Curve has 122 different liquidity pools for the pairs that can be swapped on the decentralised exchange (DEX), where its highly competitive trading fees, deep liquidity and constrained slippage (when the price slips between the time the trade execution began and it finishing).

At this point, we rate Curve as a safe choice of cryptocurrency to invest in. For more information on how to buy Curve you can refer to our handy guide.

RETURN ON INVESTMENT (USD – %)
24H -3.2%
7D -3.5%
1M -44.7%
3M -66.6%
1Y -51.8%

Institutional investors

  • Fuel Venture Capital
  • Crowdcube
  • CreditEase Fintech Investment Fund
  • Outward VC

curve price chart 3 feb

Cryptoassets are a highly volatile unregulated investment product. 

10. PancakeSwap (CAKE) – decentralised exchange

PancakeSwap is a decentralised exchange (DEX) that run on the Binance Smart Chain (BSC) and is also based on automated market making system. PancakeSwap is a fork of SushiSwap, which is another Ethereum-based DEX.

A fork refers to a coin that shares it’s codebase with another crypto, but there are differences that add extra features. In this case, the change is the DEX runs on the Binance Smart Chain which is faster and cheaper to transact over.

BSC is built by the world”s largest crypto exchange Binance and operates with a form of what is known as a proof of stake system, where just 21 validators verify transactions as oppose to thousands of nodes on Ethereum.

CAKE is a relatively new cryptocurrency to invest in and we think it has much further to grow in the DEX space.

RETURN ON INVESTMENT (USD – %)
24H -1.2%
7D -3.4%
1M -37.5%
3M -51.2%
1Y -75.7%

Institutional investors

  • LedgerPrime
  • Binance Labs

pancakeswap price chart 3 feb

Cryptoassets are a highly volatile unregulated investment product. 

Data management cryptocurrency for July 2022

11. Solana (SOL) – Highly-Scalable Blockchain Network

Much like Ethereum, Solana is a public blockchain network with smart contract functionality. However, Solana differs from Ethereum as it employs a ‘Proof-of-History’ consensus algorithm, which allows the network to handle thousands of transactions every second. Not only this but Solana is considered ‘greener’ since it drastically reduces the computational power needed for verification.

Due to this, Solana has emerged as a viable alternative to Ethereum for dApp developers and NFT creators. Many of the best NFTs to buy are now hosted on Solana, creating a snowball effect and driving more creators to the platform. This means that SOL, Solana’s native token, has become an excellent way for investors to gain exposure to the growth of this exciting network.

RETURN ON INVESTMENT (USD – %)
24H -4.6%
7D +19.1%
1M -32.9%
3M -59.2%
1Y +33.1%

Institutional investors:

  • Kosmos Capital
  • Blockwall Management
  • CoinList

SOL price chart

Cryptoassets are a highly volatile unregulated investment product. 

12. Chainlink (LINK) – decentralised oracle network

Chainlink’s purpose is to solve the problem of connecting smart contracts to real-world events in a secure fashion. Smart contracts are pieces of code that embody certain business logic, such as when to pay an interest on a loan. In order to known when to make the payment to lenders, the smart contract in this case would need to know the calendar date.

Real-world information such as this is provided by ‘oracles’, which are in effect data feeds of one kind or another that exist off-chain. Chainlink is a network of independent oracle node operators, which makes it more secure than previous oracle services.

Services such as those provided by Chainlink are emerging as the essential plumbing of the blockchain world. Another crypto which could take the market by storm is 1inch. For more details read our how to buy 1inch token guide.

RETURN ON INVESTMENT (USD – %)
24H -5.3%
7D +2.1%
1M -7.2%
3M -54.1%
1Y -60.9%

Institutional investors

  • Anmi OECD
  • Consensus Capital
  • Framework Ventures
  • Outlier Ventures

chain price chart 3 feb

Cryptoassets are a highly volatile unregulated investment product. 

Conclusion – The Best Cryptocurrency to Buy in July 2022

Prices in the crypto market are struggling at the moment as the tightening in monetary conditions impacts risk assets. Notably, altcoins are underperforming bitcoin.

Bitcoin is currently fighting to hold onto support in the $20,000 range and there is much chatter as to when crypto prices will start to bottom. Any violation of support at $20,000 could see the price of BTC enter into the low $10,000s.

We may have seen the worst of the downdraft, but given the uncertainty, dollar cost averaging into the market would be sensible at this point to smooth out the price volatility risk.

Still, periods of bearishness, or indeed a Crypto Winter as seen in 2017-18, can lead to a shakeout, when the best projects rise to the top and prices are at their most attractive.

If held for the medium to long term, say three or five years, crypto assets bought near cycle lows present an excellent risk-reward opportunity.

lucky block logo

Cryptoassets are a highly volatile unregulated investment product. 

Read more: 5 Best Cryptocurrencies for Lower Risk-Returns

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