Reddit is the largest forum and message board on the internet and has become a go-to online forum for investing advice, including cryptocurrency discussion. Users worldwide give price predictions for their best coins. With the hardcore fanbase many crypto projects have, the conversations that occur on Reddit subs can be a good source of information – and provide pointers towards which cryptos could be next to explode.
In this guide we’ll review the best cryptos to buy now on Reddit based on recent trends and chatter from Redditors, and explore the top Reddit crypto groups and subs, before showing you how to invest in crypto with low trading fees.
The 10 Best Crypto to Buy Right Now on Reddit
Before you dive in and buy cryptocurrency, it’s crucial to research which assets have the highest growth potential. The list below showcases the best crypto to buy now according to our Reddit review.
- Lucky Block (LBLOCK) – Overall Best Crypto to Buy Reddit Wise – Top Trending
- DeFi Coin (DEFC) – Best Crypto to Buy within the DeFi Sector
- Polkadot (DOT) – Exciting Interoperability Protocol with Long-Term Prospects
- Bitcoin (BTC) – Leading Cryptocurrency which is Trading at a Discount
- Algorand (ALGO) – Noted as the Best Cheap Crypto to Buy on Reddit Forum
- Ripple (XRP) – Popular Crypto Project with Huge Backing from Reddit
- Ethereum (ETH) – Well-Known Blockchain Network with Countless Use Cases
- Avalanche (AVAX) – Best Crypto to Buy on Reddit for Scalability
- Shiba Inu (SHIB) – ‘Meme Coin’ with Enormous Community Backing
- Internet Computer (ICP) – Compelling Crypto Protocol for Decentralized Cloud Computing
Cryptoassets are a highly volatile unregulated investment product.
A Closer Look at the Best Cryptos to Invest in on Reddit
The ten projects noted above represent what are considered the best crypto to buy right now on Reddit due to their solid development teams and high growth potential. Let’s dive in and discuss each of these projects individually, ensuring you have the information you need to make an informed investment:
1. Lucky Block (LBLOCK) – Overall Best Crypto to Buy Right Now on Reddit
Our pick for the best crypto to buy now Reddit wise is Lucky Block. Lucky Block is a groundbreaking crypto-gaming platform that looks to revolutionize how people can enter jackpot draws and win prizes.
Hosted on the Binance Smart Chain (BSC), Lucky Block allows users to purchase tickets and participate in daily prize draws – with jackpots distributed in LBLOCK. In Q1 2022, according to Coindicators, the Lucky Block subreddit was a top trending crypto Reddit sub, earning the highest number of daily new subscribers every day around the time of its 65x bull run to just under one cent.
LBLOCK is Lucky Block’s native BEP-20 token, and launched at $0.00020 on PancakeSwap in January 2022. The token produced quadruple-digit returns in its first few weeks of trading before the momentum cooled off following February’s all-time high. Now that LBLOCK is trading at a discount, there’s an argument to be made that it could be one of the most undervalued cryptos on the market.
The Lucky Block subreddit has 6,000 subscribers actively discussing the coin’s price action and future prospects. There are also 46,000 members in Lucky Block’s Telegram group, showing the community backing this project has.
Lucky Block’s inaugural prize draws are set to take place on May 31st 2022, with the platform’s users able to buy entry tickets the day before. Tickets are priced at $5 each, although users who connect their wallets to the platform each day will receive a free ticket to the draw. The first prize pool stands at an impressive $2 million – although owners of Lucky Block’s ‘Platinum Rollers Club’ NFTs will also be given the chance to win another $1 million through exclusive NFT prize draws.
Overall, this project’s future looks exceedingly bright, with Lucky Block NFTs already making waves in the digital asset sector. With plans for metaverse integration, crypto education platforms, and large charity events on the horizon, now could be the ideal time to consider adding LBLOCK to your portfolio.
Cryptoassets are a highly volatile unregulated investment product.
2. DeFi Coin (DEFC) – Best Crypto to Buy on Reddit within the DeFi Sector
Another option for the best crypto to invest in on Reddit is DeFi Coin, currently trading at around $0.30 – $0.40 on Pancakeswap and Bitmart.
DeFi Coin is the native token of DeFi Swap – a decentralized exchange (DEX) hosted on the Binance Smart Chain. Although DeFi Coin was initially launched in May 2021, the coin has had a rocky ride due to developmental delays. However, following DeFi Swap’s launch in early May, the price of DEFC surged by around 300% in just a few hours.
As one of the best DeFi exchanges, DeFi Swap allows users to swap, stake, and earn interest payments through yield farming. Since DEFC is tied closely to the DeFi Swap ecosystem, the coin naturally benefits from the growth of the exchange. This is evidenced by the price increases following DeFi Swap’s launch, which hints at further bullish momentum when V2 and V3 of the platform are released in the future.
DeFi Coin also has numerous ownership benefits, such as the ability to generate a passive income stream simply by holding the token. Since a 10% tax is placed on buy or sell orders, DEFC holders can receive regular income payments through a share of the accumulated tax. DEFC also has a built-in manual burning mechanism designed to ensure the coin is deflationary, leading to price increases over the longer term.
Given the recent price rises, the DeFi Coin subreddit has already grown to 5,000 members, with even more becoming part of DeFi Swap’s Telegram group. Looking ahead, DEFC seems likely to have a solid future thanks to its ties to the exciting world of DeFi – making it a great way to gain exposure to this burgeoning sector.
Cryptoassets are a highly volatile unregulated investment product.
3. Polkadot (DOT) – Promising Interoperability Protocol with Long-Term Prospects
If you’re looking for the best crypto on Reddit for long-term potential, then Polkadot is an exciting proposition. Polkadot is one of the best altcoins when it comes to solving the problem of interoperability, which has plagued blockchain networks for years. As a multi-chain network, Polkadot allows individual networks to share information – which drastically improves scalability.
Importantly, Polkadot still allows each chain’s owner(s) to govern it as they see fit, allowing them to benefit from efficiency increases whilst retaining autonomy. The Polkadot protocol’s native token, DOT, is integral to the ecosystem, as it is used for voting and for staking. With more and more developers looking to create increasingly powerful dApps, Polkadot could have a solid future ahead of it.
Cryptoassets are a highly volatile unregulated investment product.
4. Bitcoin (BTC) – Leading Cryptocurrency which is Trading at a Discount
Bitcoin needs no introduction, as it remains the world’s largest cryptocurrency as measured by market cap, according to CoinMarketCap. Although the price of BTC has been relatively volatile in recent months, the coin’s underlying use cases are still solid. Over 15,000 businesses worldwide now accept Bitcoin as a payment method – with around 14,000 Bitcoin ATMs now in operation.
These figures highlight the substantial reach that BTC has across the globe, which will only continue growing in the years ahead. Bitcoin has tremendous backing on Reddit, with the Bitcoin subreddit boasting over 4 million members. Much of the discussion on this subreddit has remained positive, even in the face of significant drawdown, with many Redditors noting that this is a great time to invest in BTC while it’s trading at a discount.
Cryptoassets are a highly volatile unregulated investment product.
5. Algorand (ALGO) – Noted as the Best Cheap Crypto to Buy on Reddit Forum
Algorand is a relatively well-known project, having burst onto the scene in 2021 when the price surged by 1,240% in just under a year. Although ALGO is down by 86% from November 2021’s highs, this blockchain network still has enormous potential. As such, many Redditors on leading subreddits believe that Algorand is trading at a discount relative to its ‘true’ value.
The Algorand network attempts to solve the infamous ‘Blockchain Trilemma’ by employing a Proof-of-Stake consensus protocol, whereby all ALGO coin holders receive validator rewards – not just the validators themselves. At present, the Algorand network can handle over 1,000 transactions per second and achieve a transaction finality of fewer than five seconds, making it a viable alternative to other leading blockchains.
Cryptoassets are a highly volatile unregulated investment product.
6. Ripple (XRP) – Popular Crypto Project with Huge Backing from Reddit
Many investors believe Ripple to be the best crypto to invest in due to the project’s potential to revolutionize how cross-border payments are made. As you may already know, Ripple is the name of the company behind RippleNet – a decentralized network that provides a way for individuals and companies to make low-cost payments almost instantly.
This is in stark contrast to the outdated SWIFT network that most banks still use, which means that payments can sometimes take 3-5 business days to arrive. XRP is the cryptocurrency that underpins RippleNet, helping facilitate transactions by acting as a ‘bridge’ between different currencies. Although Ripple has had a tough time lately due to the ongoing litigation with the SEC, rumours are heating up that the lawsuit is going better than expected, leading many Reddit users to state that XRP could be set for a considerable price rebound.
Cryptoassets are a highly volatile unregulated investment product.
7. Ethereum (ETH) – Best Blockchain Network with Countless Use Cases
Another option for the best crypto to buy right now on Reddit is Ethereum. Many people buy Ethereum due to its countless use cases, including smart contracts, dApps, and NFTs. Unlike Bitcoin, Ethereum isn’t used as a way to send money and is instead focused on providing a platform for developers to construct decentralized programs across many different sectors.
Much of the discussion on Reddit surrounding Ethereum is based on the network’s high GAS fees, which have hampered NFT trading. These fees correlate to the level of network congestion at the time of the transaction – so the more crowded the network, the higher the costs. However, the Ethereum subreddit has threads springing up regularly that highlight the upcoming transition to Ethereum 2.0, which looks set to boost scalability and reduce fees.
Cryptoassets are a highly volatile unregulated investment product.
8. Avalanche (AVAX) – Best Crypto to Buy on Reddit for Scalability
As defined by Binance Academy, Avalanche is a smart contracts platform that comprises three distinct networks – the Exchange Chain, Contract Chain, and Platform Chain. By using three chains rather than one, Avalanche can use certain chains for specific tasks. In turn, this leads to much greater scalability whilst retaining speed and decentralization.
Due to this approach, Avalanche remains a key competitor to Ethereum, although it hasn’t yet reached the same level of popularity. The network’s native token, AVAX, has obtained a solid following on social media, with a dedicated subreddit discussing the token’s use cases and price trajectory. Given that the price of AVAX rocketed over 1,400% in the latter half of 2021, this coin has undoubted potential once the crypto market begins picking up steam once more.
Cryptoassets are a highly volatile unregulated investment product.
9. Shiba Inu (SHIB) – ‘Meme Coin’ with Enormous Community Backing
Shiba Inu was one of the best meme coins of 2021, leveraging the success that Dogecoin experienced. As you might imagine, Shiba Inu garnered a massive following on social media, which it retains to this day. This is evidenced by the r/SHIBArmy subreddit, which boasts over 470,000 members.
Within this subreddit, users discuss Shiba Inu in a light-hearted and humorous manner. However, many threads focus on the coin’s fundamentals and use cases, which are the keys to its long-term success. One of the most significant developments in Shiba Inu recently has been the launch of ‘ShibaSwap’, a decentralized exchange which offers token swapping, staking mechanisms, and even a dedicated NFT marketplace.
Cryptoassets are a highly volatile unregulated investment product.
10. Internet Computer (ICP) – Compelling Crypto Protocol for Decentralized Cloud Computing
Considered another of the best cryptos to buy right now on Reddit is Internet Computer. Internet Computer is a relatively complex protocol that aims to decentralize the cloud-computing sector, providing an alternative to the likes of Amazon Web Services and Microsoft Azure. Thus, instead of being controlled by a centralized entity like Amazon or Microsoft, the cloud computing infrastructure would be run by millions of computers worldwide.
The protocol’s native token, ICP, can be used to vote on governance proposals and used to pay network fees. However, ICP has also been used for speculation purposes, with Reddit users investing in the token to gain exposure to Internet Computer’s growth. As more and more legacy systems become decentralized, this will naturally benefit Internet Computer – meaning ICP could have a fruitful future ahead of it.
Cryptoassets are a highly volatile unregulated investment product.
Best Reddit Crypto Groups
When researching the best crypto on Reddit, it’s a good idea to understand which subreddits are worth using and which ones are worth avoiding. To help streamline this process, we’ve done the research and narrowed the selection down to our top five Reddit crypto groups – all of which are reviewed below:
r/Cryptocurrency
The go-to subreddit if you’re looking to invest in cryptocurrency is r/Cryptocurrency. This Reddit group has 4.8 million members at the time of writing and has been around since 2013. Within r/Cryptocurrency, users of all experience levels can discuss any crypto project they like, with a dedicated ‘Wiki’ feature breaking down key points to keep in mind.
The great thing about r/Cryptocurrency is that you can filter the posts based on what you’re looking for. For example, you can filter by ‘General News’, ‘Strategy’, ‘Advice’, ‘Discussion’, and more. There’s even a ‘Daily Discussion’ thread where you can discuss the latest goings-on within the crypto market.
r/Bitcoin
As the name implies, r/Bitcoin is the ideal Reddit group if you’re looking to buy Bitcoin or discuss its current trajectory. r/Bitcoin currently has 4.2 million members and is the longest-running subreddit on our list, having been created in 2010. Unlike r/Cryptocurrency, r/Bitcoin’s feed is dedicated to just discussing Bitcoin – so other projects are best left to other groups.
This Reddit group offers several valuable resources, including a ‘Getting Started’ guide and a Wiki, both helping beginners learn about the coin. There’s also a list of useful podcasts to listen to and a ‘Bitcoin Chat’ feature for real-time updates. Finally, r/Bitcoin also has a dedicated ‘Daily Discussion’ thread for users to talk about Bitcoin’s current trajectory.
r/Binance
r/Binance is a subreddit dedicated to discussing topics related to Binance – one of the world’s best cryptocurrency exchanges. As such, much of the discussion is focused on new products or markets that Binance has offered, along with any regulatory issues that may arise in certain countries.
There’s also a dedicated ‘Binance Support Thread’ where users can ask questions and get answers from the community. The Reddit group also has links to download Binance’s desktop applications and links to all parts of the Binance ecosystem and social media channels. Finally, this subreddit also touches on specific projects listed on Binance, although these posts aren’t as frequent as on other subreddits.
r/DeFi
r/DeFi is a subreddit that focuses on discussing the best DeFi coins and protocols that are attracting attention within the market. This group contains just under 100,000 members and tends to contain topics that are more complex in nature. Discussion focuses on all aspects of the decentralized finance (DeFi) sector, including DEXs, tokens, and regulation.
r/DeFi has a weekly discussion thread where users can interact and talk about the latest DeFi projects. There’s also a ‘DYOR Databank’ filled with great resources for conducting research into a specific project. However, it’s worth noting that r/DeFi doesn’t have as much interaction as other groups on this list, with many posts only receiving a small number of comments.
r/WallStreetBetsCrypto
Rounding off our list of the best Reddit crypto groups is r/WallStreetBetsCrypto. If you opted to buy GameStop stock in 2021, the term ‘WallStreetBets’ will likely sound familiar to you, as this stock-based subreddit contributed massively to the stock squeeze. However, r/WallStreetBetsCrypto is an iteration of this group, focused solely on cryptocurrency.
As expected, r/WallStreetBetsCrypto has a ‘unique’ vibe, filled with retail traders who take a no-frills approach to trading. Much of the discussion is focused on the best low cap crypto gems, with Redditors happy to take enormous risks for the chance at high rewards. Although many of the threads are humorous in nature, some provide in-depth analysis of penny cryptocurrencies.
Where to Buy the Best Cryptos
Now that you understand what the best crypto to invest in on Reddit is, let’s turn our attention to the purchasing process. As touched on earlier, Lucky Block and DeFi Coin are two of the most talked-about tokens on Reddit – although they cannot currently be purchased through centralized exchanges. If you’d like to buy Lucky Block or DeFi Coin, you’ll have to use a DEX like PancakeSwap.
However, if you’re interested in any of the other cryptos on our list, we’d recommend partnering with the heavily-regulated broker, eToro. eToro is one of the world’s largest online trading platforms, with over 24 million registered users. The platform benefits from strict regulation and is given oversight by the FCA, ASIC, CySEC, FinCEN, and FINRA.
One of eToro’s most appealing features is its transparent fee structure. When you buy or sell a cryptocurrency, eToro charges a flat 1% fee (plus the spread). Not only this, but eToro also allows positions to be opened from as little as $10 – which is ideal for beginners looking to start small. Given that eToro offers over 60 cryptocurrencies to trade, this makes the entire process very user-friendly.
eToro charges no deposit or monthly subscription fees, with the minimum deposit threshold also being only $10. You can easily fund your account using a credit/debit card, bank transfer, or e-wallet. In terms of the latter, eToro has full support for PayPal, Skrill, and Neteller – all of which can facilitate instant deposits.
Finally, eToro also boasts a stellar reputation for social trading cryptocurrency, which is facilitated through the platform’s ‘CopyTrader’ feature. This feature allows you to instantly copy the trades placed by successful eToro traders – with no added fees. Ultimately, this automates the trading process and can be an excellent way for beginners to generate a return whilst still learning the intricacies of the market.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Latest Crypto News
Finally, let’s take a quick look at the latest crypto news for the week beginning May 30th 2022, to ensure you’re up-to-date with any important developments or price changes:
- One of the most significant pieces of altcoin news last week was Elon Musk’s announcement that DOGE investors will soon be able to use their tokens to purchase SpaceX merchandise. DOGE can also be used to buy Tesla merchandise, adding much-needed utility to the token.
- The revival of the Terra ecosystem got underway last week, with the new chain, dubbed ‘Terra 2.0’, launching on May 28th. The chain’s new token is also called LUNA (or LUNA2), although it has not yet been picked up by any leading crypto exchanges.
- Finally, leading investment company, Andreesen-Horowitz, closed its fourth fund last week, valued at $4.5 billion. The company has a long-standing reputation for investing in new crypto projects, with this new fund hinting that sentiment remains positive amongst institutional investors.
Best Crypto to Buy Right Now on Reddit – Conclusion
To summarize, this guide has taken an in-depth look at the best crypto to invest in on Reddit, reviewing the most talked-about projects and showing you how to make your crypto investment today. Reddit continues to be a valuable resource for beginners and advanced traders alike, making it a great way to keep tabs on the coins that you’re interested in.
However, Lucky Block remains our number one pick in the crypto market due to its groundbreaking crypto gaming features and high value potential. With the platform’s first prize draws set to take place on May 31st 2022, LBLOCK is certainly worth considering as an addition to your portfolio.
Cryptoassets are a highly volatile unregulated investment product.
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