10 Best Crypto to Buy Right Now on Reddit in 2022

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 discusses 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 you can make your cryptocurrency investment today – with low trading fees.

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 no. 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 prize draws are set to go live in May 2022, which will allow users to buy tickets using LBLOCK. 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. In addition, users who hold LBLOCK in their wallets will receive rewards in the form of redistributions from the jackpot pool – with yields estimated at over 19% per annum.

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) – Exciting 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. APY.Finance (APY) – Noted as the Best Cheap Crypto to Buy on Reddit Forum

APY.Finance is a relatively new entry to the market, which could be viewed as one of the best penny cryptocurrencies. Put simply, APY.Finance is a yield farming protocol that helps users find the best rates across various DeFi platforms. The entire process is fully automated with APY.Finance routing your deposit to the source that provides the best rates with the lowest level of risk.

APY.Finance’s native token, APY, plays a vital role in the protocol’s governance, as holders can vote on yield farming risk levels and profit distribution strategies. APY is also used to represent any deposits made into the protocol’s liquidity pool, although the token is also ideal for speculation purposes. Although APY.Finance doesn’t have a huge community backing yet, it has been mentioned several times on r/DeFi – hinting at its future potential.

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…