Ever felt a pang of FOMO after watching a meme coin surge 1,000% in a year? Don’t beat yourself up. Predicting the behavior of meme coins is basically impossible. Luckily, meme coins aren’t the only cryptocurrencies with moon potential. There are plenty of new cryptos with the potential to surge in value over the next couple of years. To identify them, focus on cryptocurrencies that actually create some sort of value.

Uncovering New Cryptos That Actually Have Utility

By this point, the casual cryptocurrency investor can name the big players. There’s Bitcoin, Ethereum, Tether, Litecoin, Dogecoin, Shiba Inu and a few others. But most of these cryptos are already widely known. And, with over 10,000 total cryptocurrencies as of February 2021, it’s not realistic to dig through every single coin out there. This is why, instead of looking at new cryptocurrencies, it’s better to look for exciting new projects.

Most defi projects use their own cryptocurrency to fuel their digital economy. As these projects grow in popularity, so should the price of their cryptos.

Remember, meme coins like Dogecoin have no use. And don’t start with “You can use Doge to buy AMC movie tickets or a Tesla.” Nobody is going to do that. People only buy Doge because they hope it will make them rich. With that said, there are plenty of cryptos out there that people actually use. Let’s dive in.

No. 5 Decentraland

Decentraland is one of the largest metaverse projects. This digital world lets its users buy in-game goods, experiences, and digital plots of land. It was one of the first metaverse projects to let users buy digital real estate. So far, companies like JP Morgan, Atari and Samsung have all snatched up land in Decentraland. This digital world is powered by the token MANA.

The metaverse is still in its very early stages. In fact, there is still no guarantee that it will take off at all. However, if the metaverse does gain traction, then Decentraland already has an early lead. Traction in the metaverse could create a catalyst for MANA to soar in value.

MANA currently costs $2.50 and has a market capitalization of $4.5 billion. It is up 130% over the past year.

No. 4 ApeCoin

ApeCoin is definitely one of the top new cryptos of 2022. It honestly has a case to be #1 on this list. The only reason it’s not higher up is that it’s so new (it launched on March 17th.) ApeCoin is a token that will be used for the APE ecosystem. The APE ecosystem is the decentralized community of Bored Ape Yacht Club (BAYC). BAYC is one of the world’s most popular NFT collections. It is also buying Cryptopunks and Meebits, two of the next biggest NFT projects.

Since BAYC is one of the most popular NFT projects, there is a lot of hype around ApeCoin. This new coin will apparently let holders access games, merchandise, events, and services. The coin is already listed on Coinbase. Its price surged 700% on the first day and it has already reached a market capitalization of $2.2 billion.

You can read more about ApeCoin on its official Twitter page.

No. 3 Axie Infinity (AXS)

I’ve actually already covered AXS as one of the best metaverse cryptos to buy. AXS is the token that powers the NFT-based Axie Infinity game. Basically, it’s like Pokemon but on the blockchain. The biggest difference between Pokemon and Axie is that players can claim real-world rewards. They get rewards for staking their tokens or playing the game.

Axie Infinity is already an incredibly popular game. It boasts 2.8 million daily active players and the most expensive Axie (Think: Pokemon) sold for $820,000.

The biggest reason that Axie infinity is one of the top new cryptos is that it made a crucial switch to its gameplay. Axie formerly used a pay-to-play model. Users had to shell out around $600 to buy Axies and start playing. Now, Axie uses a free-to-play model. This means that users can start playing for free. If they like the game, they have the option to purchase in-game upgrades later on. This should be a huge incentive for more people to start playing Axie Infinity.

If Axie continues to get more popular then it only makes sense that AXS will grow in value as well.

AXS is up over 900% in the past year. It has a market capitalization of $3.1 billion.

No. 2 Crypto.com Coin (CRO)

No, I didn’t get paid by Crypto.com to include this. But, there’s a good chance that CRO will be one of the top new cryptos to buy in the coming years. This is mainly because Crypto.com is one of the largest crypto ecosystems in the world. It has over 10 million users, tons of products, and owns the naming rights to Crypto.com Arena in Los Angeles. This ecosystem gives CRO a great foundation for potential growth.

Here are the products/services that Crypto.com currently offers:

• Trading exchange
• NFT marketplace
• Staking your crypto to earn an annual percentage yield
• Crypto credit cards

The biggest kicker is that Crypto.com offers plenty of rewards for spending. For example, it’s credit card rewards you up to 8% cashback. If you shop with “Crypto.com Pay” then you can earn up to 10% cashback. All of these programs reward you in Crypto.com’s token: CRO.

This payment ecosystem is still very small and there are only a few vendors signed up. However, there’s a good chance that it will grow much larger in the coming years. As Crypto.com’s ecosystem grows, so should the price of CRO.

CRO is up 105% over the past year. It also has a market capitalization of $10.2 billion.

No. 1 Solana (SOL)

Solana is one of the more efficient new cryptos designed to compete with Ethereum. It is a cryptocurrency as well as a flexible platform for running crypto apps. The biggest difference is that it’s much faster and cheaper than Ethereum.

Solana can process around 50,000 transactions per second (TPS) compared to just 13-15 TPS for Ethereum. Additionally, the average cost per transaction with Solana is just $0.00025. This makes it considerably cheaper than Ethereum.

This isn’t to say that Solana will 100% replace Ethereum. Ethereum is still the second-largest ecosystem by far. It has a 4-year head start and the Ethereum 2.0 update is also set to release in June 2022. This update, among other things, should improve transaction speeds and reduce costs. However, there’s an argument to be made that Solana is currently preferable over Ethereum.

Due to this, it doesn’t seem crazy to think that SOL could rise in price to rival ETH. As I write this, ETH’s price is $2,700 and SOL’s is $90. Even at its peak, Solana only reached $250. This is still a ways off from ETH.

As the volume of total defi services continues to increase, the industry will require more efficient cryptos. This is bullish for Solana.

SOL currently costs $90 and is up over 500% in the past year. It has a market capitalization of $28.7 billion.

I hope that you’ve found this article valuable for learning five new cryptos with moon potential in 2022. Please remember that I’m not a financial advisor and am just offering my own research and commentary. As usual, please base all investment decisions on your own due diligence.