3 Reddit Cryptocurrencies To Buy Right Now Without Any Hesitation 

Last Updated July 23rd 2021
6 Min Read

Cryptocurrencies have been a hot topic in the market since Bitcoin began climbing in price. From Elon Musk to Snoop Dogg, several celebrities have been quite vocal about cryptos on multiple social media channels. Among other platforms, Reddit has emerged as the latest virtual epicenter of a financial mania. People discuss, promote, and predict facts about almost all the crypto tokens in the market. 

There are a plethora of altcoins and crypto tokens available in the market for investors to choose from. But still, a large number of investors find the idea of crypto investment enticing but are unable to take a step forward to invest due to a lack of knowledge. For them, this list of 3 Reddit cryptocurrencies to buy right now without any hesitation may come in handy. 

Reddit Cryptocurrencies To Buy Right Now:

  1. Binance Coin (BNB)
  2. Ripple (XRP)
  3. Dogecoin (DOGE)

 

1.Binance Coin (BNB)

Thanks to its connection with the Binance exchange, the popularity and value of Binance Coin shot up tremendously in 2021. BNB’s ranking instantly shot up from the 10th position to the 4th position with a market cap of $55,223,246,976 as of writing. 

The fuel behind BNB is indeed its usability on the Binance exchange. The token can be used to lower your transaction fees, facilitating a seamless transaction. Yet another reason for the rise of Binance Coin is the initiation of the Binance Smart Chain, a parallel chain for dApps and DeFi services. 

There have been several discussions on platforms like Reddit about BNB’s sudden rise and its utility compared to its competitors. Crypto enthusiasts say that its lower transaction fees, the Byzantium Fault Tolerance, which ensures total security to the user’s funds, and Binance Exchange’s support is what takes the token to new heights.  

Binance also aims to offer infrastructure services for developers across the verticals of decentralized finance (DeFi), non-fungible tokens (NFT), and online gaming. Developers can seamlessly build their own dApps on the BSC with the dual Binance Chain and Binance Smart Chain structure.  

Additionally, on June 24, the team will launch Binance NFT with an inaugural 100 creators program. It will feature content from local artists and creators from around the world. Binance NFT intends to provide the best collection of content available anywhere, along with focusing on minimal transaction fees and a seamless user experience. 

Therefore BNB has become one of the hot topics of discussion in Reddit and other social media platforms, making it one of the best Reddit cryptocurrencies to buy right now without any hesitation.

Check Out: 26 Reasons Why You Should Invest in Binance Coin Today 

2. Ripple (XRP)

Countless crypto experts and enthusiasts are eyeing Ripple’s XRP token for its utility as well as the tremendous price rise. Along with being an efficient cryptocurrency, Ripple is also an exchange where users can transfer funds worldwide faster than any other traditional bank. 

With social media platforms like Reddit and Twitter endorsing the increase in value of XRP in 2021, several investors are now moving from Bitcoin to Ripple. Since the price ($0.859607 as of writing) of the token is low, it is an easy and affordable market entry point for investors, including novice traders. This has also made Ripple the second most invested digital currency in the market.

Unlike other cryptocurrencies, XRP is managed by Ripple, a financial startup financed by several prominent investors. This venture capital startup has major companies like Google, which gives Ripple the authority to invest and build trust for their investors. 

XRP has a total supply of 100 billion tokens, of which 45 billion are already in circulation. Therefore, it is a deflationary cryptocurrency with huge potential to grow in the coming decades. Its prices aside, XRP and Ripple will continue their adoption rates and interest since it offers a viable solution for several financial institutions negating the hurdles in their payment processes. 

The company has a strong partnership with many large financial institutions and established banks around the world. XRP offers them access to a fast and cheap transaction process with decentralized ledger technology.

Ripple uses its own technology, the Ripple Protocol Consensus Algorithm (RPCA), to verify transactions on the network, making it faster and scalable. It is, therefore, a pioneer in bridging the gap between the traditional financial sector and the blockchain world, offering real-world solutions worldwide. 

Further, if the SEC lawsuit churns out favourable news, the market can expect a significant uptrend in the XRP value. Analyzing Reddit discussions, Ripple enthusiasts still believe that it will likely come out on top, attracting more investors and making it a sustainable Reddit cryptocurrency to buy right now without any hesitation. 

Don't Miss: Will Ripple Make Me Rich in 10 Years?

3. Dogecoin (DOGE)

Since the beginning of 2021, Dogecoin has followed a roller-coaster ride of massive price surges and dizzying plunges. What started as a meme crypto token is now a viable mode of payment and a potential investment asset worldwide. 

However, the DOGE price was partly triggered by a group of crypto enthusiasts on Reddit, seeking to repeat in the digital currency arena what the WallStreetBets subreddit did to the share price of GameStop. This further sparked the growth of the r/dogecoin subreddit, which hit 1.9 million members by May. 

Moving away from being a mere meme cryptocurrency, Dogecoin has now become a mode of tipping people online who share helpful or even hilarious content online. From Elon Musk calling himself the Dogefather to the Reddit fiasco, Dogecoin has been the hot topic of discussion in the news over the past year for several reasons. 

During the recent market crash in May 2021, users on the Reddit thread SatoshiStreetBets, who describes themself as the crypto version of WallStreetBets, implored others to hold on to Dogecoin and not to switch as it will continue to rise in popularity soon. For instance, Glauber Contessoto invested over $250,000 in Dogecoin on Feb 5 after learning about it from Reddit, and now he is a well-known Dogecoin millionaire in the market. 

Prominent personalities like Jenny Ta, the founder of crypto-commerce site CoinLinked, said that Dogecoin’s market cap could reach $1 trillion if it continues to spike in popularity, and DOGE might eventually trade for $7 or $8 soon. 

These celebrity endorsements and community support in multiple social media platforms make Dogecoin one of the best Reddit Cryptocurrencies to buy right now without any hesitation. 

Dogecoin’s low energy costs, the potential for a shared security protocol with Bitcoin, institutional adoption by a few larger companies, and its immense community support from crypto users and celebrities have certainly boosted the token’s value in the past. 

If it improves and develops a real competitive advantage in the crypto space, the Dogecoin price will again hit the moon, establishing itself as a potential investment option. 

Read Also: Why Dogecoin Will Skyrocket 

buy dogecoin

The Bottomline

A well-chosen diverse portfolio of cryptocurrencies will most likely deliver the best returns for almost all investors. There are several platforms like Reddit, Twitter, and Facebook forums where you can have a detailed discussion about prominent cryptocurrencies in the market. But with numerous altcoins, the unnecessary hype in media and wrong information might lead investors to a state of complete confusion. 

Therefore these 3 Reddit cryptocurrencies mentioned above are the best to buy right now without any hesitation to add value to your investment journey.

eToro – The Best Platform to Buy Cryptocurrencies

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.