Top 8 best Crypto on Reddit to invest in 2022
- Battle Infinity – Overall best crypto on reddit
- Lucky Block – Popular competition platform
- DeFi Coin – Best coin in the DeFi ecosystem
- Bitcoin – The most popular cryptocurrency
- XRP – Coin providing fast transactions and low fees
- Ethereum – Second-biggest coin by market capitalization in
- Shiba Inu – Popular meme coin
- Avalanche – Best scalability coin
A closer look at the 8 best crypto on Reddit to iinvest in right now
Now that we’ve identified the 8 best cryptos on Reddit, let’s find out more about each and what makes them a good investment:
1. Battle Infinity – Overall best crypto on Reddit
Battle Infinity is an NFT-based fantasy sports game offering six platforms. Players build teams in this play-to-earn game that requires players to buy NFT passes to enter leagues and matches in the IBAT Premier League. Battle Marketplace tokenizes characters and assets to give them an NFT value, which players can trade on Battle Swap for other currencies and buy the native token.
One of the perks of owning an IBAT token is that players can choose three different ways to stake the coin to earn rewards. IBAT is used for processing transaction fees, of which 50% go into the staking pool. The most active players are rewarded IBAT from the staking pool.
With IBAT, players can enter Battle Games, enabling them to access multiple games. Battle Arena is the interactive part of this Metaverse game as players can explore virtual grounds while interacting with players in real-time. Players can use their own personal avatars, which they can clothe and change hairstyles with NFTs received from Battle Marketplace.
Players can use IBAT to monetize land and advertise on billboards within the ecosystem. No need to worry about this platform’s safety as the developers ensured it’s tamper-proof. Coin Sniper has done a Know Your Customer (KYC) regulation check to ensure customer satisfaction, and Solid Proof has audited this smart contract network.
IBAT’s presale started on 11 July, 2022 and will go on till 10 October, 2022. One IBAT costs $0.0015, and presale buyers enjoy a discount. So they get premiums right off the bat.
2. Lucky Block – Popular Competition Platform
LBLOCK is the native token of a competition platform called Lucky Block. This platform has evolved into an international NFT competition platform enabling players to access the Platinum Rollers Club NFT.
It’s in the Platinum Rollers Club that players enter prize draws after buying a ticket for $1. Players need to buy at least 5 tickets to enter a draw. Lucky Blocks hosts the main draw weekly, and it’s also got an NFT draw on Fridays.
But prizes aren’t the only way that LBLOCK investors can earn. Investors who bought the coin at the beginning of February 2022 watched it pump more just over 1,100% two weeks later. That’s one of the fastest rallies by any altcoin, making LBLOCK one of the most undervalued crypto to buy.
This platform has developed two coins: BEP20 and ERC20. A few differences exist between the two coins, each with its own benefits. BEP20 was designed for decentralized exchanges DEX, and it contains up to 12% sales tax. ERC20 doesn’t contain tax, and it was for centralized exchanges (CEX). ERC20 is regarded as the V2 coin and was introduced in July 2022 so that it can be listed on exchanges by correcting issues experienced with the first coin.
The good news is that the V2 is listed on LBank and MEXC listing is confirmed for 1 August 2022. Day traders can speculate on the coin’s price action because tax isn’t applicable. If the V2 upgrade wasn’t enough, Lucky Block is also looking to make NFT purchases with fiat currencies as an option.
3. DeFi Coin – Best coin in the DeFi ecosystem
Decentralized finance (DeFi) has enabled individuals to perform transactions on the blockchain without government interference and a third party such as a bank. DeFi coin is the native token on DeFi Swap, an exchange hosted on Binance Smart Chain.
The initial coin launch was delayed due to challenges during the development stages. But the coin’s price spiked by more than 300% in a matter of hours. DeFi Swap enables investors to earn rewards on the platform by staking coins, and the DeFi coin is its most popular staked coin. As DeFi Swap expands so does the liquidity of DeFi coin.
DeFi Swap is also one of the best DeFi staking platforms – DEFC can be staked for up to 75% APY in the platform’s staking pool.
4. Bitcoin – The most popular cryptocurrency
Bitcoin is the crypto market leader in terms of market capitalization and price movement.
After topping out at around $19,000 in January 2018, Bitcoin rallied to an all-time high (ATH) of $69,000 in November 2021. Since then, Bitcoin has lost about 75% of its value but has managed to recover slightly. Despite the crash, Bitcoin has tremendous potential and remains an investor favorite.
With only 21 million coins ever developed, Bitcoin’s price is set to go much higher since investors value scarce assets.
At the time of writing Bitcoin is back over $22,500 and some leading crypto market commentators and the best crypto traders to follow on Twitter are speculating that the bottom may be in.
5. XRP – Coin providing fast transactions and low fees
San Francisco-based fintech firm Ripple is responsible for developing XRP. Ripple wanted to make cross-border transactions simple, so it designed a cryptocurrency that needs a few seconds to reach the other side of the world. The best part about XRP is that transaction fees cost several cents.
In December 2020, the U.S. Securities and Exchange Commission sued Ripple for selling XRP as an unregistered security. Ripple’s lawyers have made significant progress in the case, and XRP investors are confident that XRP will prevail.
6. Ethereum – Second-biggest coin by market cap
The one coin that has managed to keep the second spot in the crypto market since its inception is Ethereum (ETH). The platform is used for smart contracts and applications to operate without interference while preventing fraud.
Programmers use Ethereum’s platform to develop distributed applications, and individuals enjoy its peer-to-peer network to send ETH on the blockchain as a payment or for swapping. Much like Bitcoin, Ethereum has performed well – ETH rallied more than 4,000% from its March 2020 lows to reach an ATH of $4860.
7. Shiba Inu – Popular meme coin
After the success of Dogecoin, investors were looking for the next big meme coin. Shiba Inu’s developers mimicked Musk’s marketing strategy and managed to reach mainstream audiences.
Their efforts paid off as the Shiba Inu coin pumped 1,100% from the beginning of October 2021 to the end of the month.
8. Avalanche – Best scalability coin
The Avalanche platform contains three networks: contract chain, exchange chain and platform chain. The three chains work simultaneously to produce fast transactions.
The platform’s native token, AVAX, has received many subreddit mentions. Some investors believe it poses a threat to Ethereum.
How to Buy IBAT
IBAT proved to be the most popular Reddit crypto:
Step 1: Open an Account
Go to Battle Infinity’s website and click on ‘Connect Wallet’.
Step 2: Buy IBAT
Input the number of IBAT to buy.
Click ‘BUY IBAT’.
Step 3: Confirm Transaction
In the wallet, confirm the transaction by clicking ‘Confirm’.
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