8 Best New Cryptocurrency for Australia to Buy in 2022
If you are looking for the best new cryptocurrency in Australia to buy in 2022 on Bitcoinist, you will not immediately find many recommendations. This is because finding the right coin to invest in demands a bit of deeper research. If you want to know our top picks for the best coins to invest in Australia, you only have to keep reading. The list of best crypto to invest in Australia includes:
- TamaDoge – overall the best coin to invest in 2022,
- Battle Infinity – next Axie Infinity,
- Lucky Block – the No.1 NFT Competitions Platform,
- DeFi Coin (DEFC) – best for long-term investments,
- Solana – the next best thing after Ethereum,
- Cardano – the fastest transactions,
- Tether – one of the best stablecoins to invest in,
- Bitcoin – best for large investments.
Should You Invest in Crypto in 2022?
Currently, the world’s economy is experiencing high inflation and a power supply crisis, which naturally has an effect on the crypto market. We can see that the prices of the coins have dropped significantly from the beginning of the year. This all can be linked to the current atmosphere among investors who are afraid to invest in crypto.
However, contrary to many predictions, we can see now that prices of crypto coins are increasing, and new projects keep on developing, giving investors new opportunities to earn money.
Now is probably the best time to invest in crypto coins when the prices are low and wait until they restore their previous glory. Also, look for projects that are still developing and are in their beginner phases.
TamaDoge Is Overall the Best Coin to Invest in 2022
When it comes to new projects that are currently available on the market, TamaDoge is one of the best choices you can make. This is a new meme coin play-to-earn platform where you can earn coins by playing a game. Unlike other meme coins such as Dogecoin, the TAMA coin is a utility token for the game where you can breed, battle, and train your NFT pet.
Currently, the coin is on presale, so now is the best moment to invest in it. TamaDoge has a strong community and over a million inventors, so if you are interested in investing in new exciting projects, TamaDoge is the best choice.
How to Buy TamaDoge
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 are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built 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.
Battle Infinity Is the Next Axie Infinity
If you like fantasy sports games and want to earn money and invest in crypto coins, search no further than Battle Infinity. This is a great Indian project that will even succeed the Polygon (MATIC) project. With the Battle Infinity platform, you will have access to many products, including metaverse, where you can explore a virtual world with your own avatar.
The platform’s native token – IBAT, is listed on PancakeSwap, and you can use it to access different products of the Battle Infinity ecosystem. On this platform, users can play a game, stake their coins, purchase NFTs and explore the metaverse. The whole ecosystem is made of six major components and products:
- IBAT PREMIER LEAGUE – This is a decentralized blockchain NFT-based fantasy sports game incorporated into the metaverse. Here you can build your own team, make strategies and compete with other players all over the world. To get access to the game and play in the league, users must buy an NFT pass.
- IBAT BATTLE SWAP – This is a decentralized exchange where users can exchange their IBAT tokens for another crypto. They can buy or sell IBAT or convert them to fiat currency.
- IBAT BATTLE MARKET – This is a place where users and creators can mint their artwork, advertise on their lands, and where players can buy NFTs to upgrade their avatars.
- IBAT BATTLE GAMES – This is a multiplayer games store where users can get access to other NFT games.
- IBAT BATTLE ARENA – This is the metaverse of the platform where users can explore it with their avatars.
Lucky Block Is the No.1 NFT Competitions Platform
Lucky Block is a global NFT competition platform where users can win prizes and rewards by simply holding Lucky Block NFTs. All competitions have an NFT collection that is associated with that competition, and in order to win a prize, users must mint NFT for each price after the competition has started.
All NFT holders will receive daily rewards of 1% of the profit made in the competition pool. If you buy Platinum Rollers Club NFT, you will be able to get access to the Platinum competition that takes place every week. Once the competition is over, NFT holders will continue to receive rewards. Some of the rewards are $1 M in Bitcoin, Lamborghini, FIFA World Cup tickets, and more. You can buy NFTs through NFT Launchpad (nftlaunchpad.com). The native token is LBLOCK, and each holder of LBLOCK worth $500 or more will get access to the jackpot draw.
Lucky Block has a main draw that happens once a week and NFT draws that happen each Friday. The main prize is $50,000, which is paid in LBLOCK.
DeFi Coin (DEFC) Is Best for Long-Term Investments
For those who are seeking a long-term investment, DeFi Coin is a perfect choice. DeFi Coin or DEFC is a native token or DeFi swap exchange, a completely decentralized exchange where you can swap coins fast without any third party interfering. But the true value of this exchange and DeFi Coin is in staking. The platform allows fast and decentralized exchanges and charges fees for each transaction in DEFC. The 10% of the profit made from fees is then distributed among holders in two ways; 5% is shared among holders as dividends, while the other 5% goes into the liquidity pool.
The platform has different programs for staking, but the longer you decide to stake your coins, the more profit you will earn. So if you are looking for an easy investment that will give you a passive income, invest in DeFi Coin.
Solana Is the Next Best Thing After Ethereum
If you like Bitcoin and Ethereum, you will like Solana even more. Solana is an open-source blockchain that supports smart contracts, NFTs, and a variety of decentralized applications (DApps). The native coin of the network is SOL. There are two use cases for this token. One is staking, where users can hold their coins and keep rewards, and you can also use SOL to pay various fees for smart contracts and other transactions on the network.
What is so special about Solana is that this blockchain combines proof-of-stake (PoS) and proof-of-history protocols, which makes transactions on this network faster, more efficient, and less expensive. This is why so many ETH users have turned to SOL in the first place.
The price of SOL is currently $43.20, and the predictions show that this project will continue to grow.
Cardano Has the Fastest Transactions
Another great currency with its own blockchain is ADA. The blockchain is Cardano, which is one of the first blockchains that have an acceptable proof-of-stake protocol. This enabled the network to make fast and efficient transactions that were not harmful to the environment. Cardano also allows smart contracts, which will keep this coin competitive on the market for a long time.
Cardano has a lot of big investors supporting the project from the very start, and despite crypto winter and the situation on the market, we can see that Cardano remains among the top ten coins on the market. The current price of ADA is $0.56, and it can be purchased on all major exchanges.
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Tether Is One of the Best Stablecoins to Invest In
Tether (USDT) is among the most intriguing and riskiest coins you can currently invest in Australia. The coin is considered to be a stablecoin since it strives to mirror the value of the US dollar. During the last couple of years, the price of one USDT was almost always equal to one USD. There were times when the price of USDT was lower or higher than one dollar, but this didn’t last long.
In essence, this coin depends a lot on the economic situation in the world and the value of the US dollar. So the biggest concern for Australian traders is how the USD will move versus the AUD. If the USD is faring better than AUD, investing in USDT will earn you money. On the other hand, if the USD remains weak, Tether would not be such a good investment.
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Bitcoin Is Best for Large Investments
If you have money and wish to invest in crypto, now is the time to do so. Bitcoin price has decreased from $68,000 to $24,000 during the last months of crypto winter. However, this shouldn’t concern you because the price of BTC will restore its previous glory. The trust in BTC did not disappear among the investors, and many people still hold their BTC.
BTC has the highest store value, which is another factor in its popularity and worth. With only 21 billion coins in circulation, its value will only rise until every coin has been minted. The fact that the BTC uses a proof-of-work mechanism and requires a lot of energy to mine is its only drawback.
However, even if we consider these drawbacks, BTC is one of the safest and best investments you can find and with one of the biggest potentials. Even if you don’t have a large amount of money to invest in BTC, you can always buy a fraction of the coin. Many brokers and exchanges allow purchasing fractions of the BTC.
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What to Know About Investing in Crypto in Australia
Before we start with the best coins to invest in Australia, let’s first see how to invest and whether this is possible. In 2017 Australia legalized cryptocurrency trading, but trading with crypto in Australia is highly regulated by the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 (AML/CTF 2006).
Also, all crypto exchanges must be registered with the Australian Transaction Reports and Analysis Center (AUSTRAC). These and other laws and regulations make trading with crypto in Australia safe and secure, so if you are thinking about investing in any crypto, make sure you are on a regulated exchange. Once you get familiar with all the rules and regulations, you can safely start investing in TamaDoge or one of the other coins we mentioned here.