Consider investing in these top cryptocurrencies in 2022.
The beginning of 2022 has been a roller coaster ride for cryptocurrencies. Although the digital asset market experienced a slight pullback, cryptocurrencies have bounced back, shining a ray of hope on investors.
Investing in cryptocurrencies is risky but also potentially extremely profitable. Therefore, it is a good investment if you want to gain direct exposure to the demand for digital currency. While Bitcoin continues to dominate the crypto sector, other promising altcoins are also making headlines. With over 12,000 coins available in the market today, picking the right assets can be challenging.
With cryptocurrencies being one of the most popular subreddits, Reddit users are always on top of the latest crypto news. So here are the best crypto investments, according to Reddit.
The Best Crypto For Investment According To Reddit
Keeping the volatility and size of the crypto market, you need to make the right investment decisions. So here is a list of best crypto investment opportunities, according to Redditors worldwide.
- Lucky Block – A crypto Platform With the Potential to Explode Soon
- Shiba Inu – One of the Most Affordable Investments
- Ripple – An Exciting Payment Crypto Platform
- Bitcoin – The Oldest, Safest, and the Most Popular Crypto
- Dogecoin - The Original Meme Currency
1. Lucky Block – A crypto Platform With the Potential to Explode Soon
Lucky Block is a newly launched project looking to revolutionize the global lottery sector through two emerging technologies – the blockchain and smart contracts. The entire lottery sector, operated on a country-by-country basis, can be brought to a single hub that functions in a decentralized manner. For example, Lucky Block lottery outcomes are generated autonomously instead of relying on centralized bodies.
For the Lucky Block framework to function in a decentralized manner, the entire ecosystem is backed by its native digital token – LBlock. In total, 100 billion Lucky Block tokens have been created, with 32.5% of this figure already sold during the project’s presale launch. The high demand for LBlock shows that this digital asset could be the next best new cryptocurrency to buy in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Shiba Inu – One of the Most Affordable Investments
Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu hunting dog as its mascot. It is widely considered an alternative to Dogecoin and is touted as "the Dogecoin killer" by its supporters, a community known as the SHIBArmy.
Shiba Inu was created in August 2020 by an individual or group called Ryoshi. SHIB’s price peaked over tenfold in October 2021, giving it a market capitalization of $41 billion. Even with a steep drop in market cap, Shiba Inu still ranks in the top ten among all meme cryptocurrencies by this measure.
Although predicting the price of meme coins is complex, SHIB does show signs of going through significant growth in 2022.
Don't Miss: Shiba Inu (SHIB) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Ripple – An Exciting Payment Crypto Platform
Ripple Labs is a tech firm that built the Ripple payment protocol in 2012. RippleNet is the community of financial institutions, banks, and professionals that make up the Ripple business alliance. Since its inception, Ripple has worked hard to secure this extensive network of industry professionals.
The network facilitates banks with a seamless experience as they send funds internationally in seconds. RippleNet currently includes some of the most popular institutions in the space. Notably, Ripple's native token XRP performs a crucial function within the Ripple ecosystem. It is the digital asset that promotes the use of the platform’s utilities. In this manner, XRP works as a utility token and represents the transfer of value across the Ripple Network.
One can think of XRP as the intermediary for exchanges as it allows participating banks to carry out global money transfers without estimating exchange rates. XRP is one of the fastest, most scalable digital assets out there. For these reasons, Reddit believes XRP is on the rise and will soar soon.
Check Out: Ripple (XRP) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. Bitcoin – The Oldest, Safest, and the Most Popular Crypto
Bitcoin, the first-ever cryptocurrency, is one of the most popular digital assets out there, with several altcoins following in its footsteps. BTC was the first to solve the double-spend issue with a proof of work (PoW) consensus algorithm and mining process. The flagship cryptocurrency’s first-mover advantage has helped it remain the top crypto by demand, adoption, and market capitalization.
It comes as no surprise that Redditors and experts bet on a BTC rally soon.
Read Also: Bitcoin (BTC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Dogecoin - The Original Meme Currency
Dogecoin is one of the hottest cryptocurrencies in the market today. One could have earned whopping returns had they invested in the meme coin at the start of 2021. After all, DOGE has surged more than 12,000% year to date. DOGE holders can use their holdings to buy goods and services or trade them for other currencies. Holders also use Doge to “tip” content creators who create or share great content.
Dogecoin is a first-generation digital asset that can be used to transfer value globally in a secure way. Like Bitcoin and Litecoin, the primary purpose of DOGE is to allow peer-to-peer (P2P) transactions to occur in a censorship-resistant manner. In recent times, DOGE has seen considerable coverage in the media due to significant price hikes. Reddit believes DOGE is going to rally soon, making now a good time to invest.
Check Out: Dogecoin (DOGE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Crypto Investment Reddit – The Verdict
In the past, Redditors have accurately predicted incoming cryptocurrency growth. Consider investing in Lucky Block, Bitcoin, Ripple, Dogecoin, and Shiba Inu if you are looking for long-term investment opportunities.
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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