Ready to invest in cryptocurrencies? Here are the top 10 cryptos that could generate massive returns over the long run.
One topic cut through the online chatter this year on Reddit, and that is cryptocurrency. Several cryptocurrencies and altcoins have become highly popular, primarily on Reddit forums, where retail investors often lead the conversations on the future of finance. Thus, Reddit has been painting a rosier picture of these coins, helping investors choose the best.
With that in mind, here is our list of the 10 top Reddit cryptos to invest in today. These cryptos were chosen based on the hype around them on Reddit and their growth potential.
Top 10 Best Reddit Cryptos To Buy Right Now
1. ApeCoin (APE)
ApeCoin tops the list of the best Reddit cryptos to invest in today. The new digital token APE, which was just dropped in March 2022, has already made waves in the crypto community.
ApeCoin is an ERC-20 token backed by the highly popular Bored Ape Yacht Club NFT collection. The token is directly connected to the Bored Ape Yacht Club non-fungible token (NFT) collection. The popularity of these NFTs and the growing community around them has placed ApeCoin as one of the top cryptos to invest in today.
Based on how the APE token has performed in the past few weeks and the nature of its ecosystem, ApeCoin has a more established following. Moreover, investors are hopeful that the price of APE can increase marginally in the coming months.
Additionally, ApeCoin is shooting for a place in the Web 3.0 metaverse. It is already slated to be integrated into play-to-earn games developed by the Ubisoft-backed Animoca Brands and an upcoming game developed by nWay, a subsidiary of Animoca.
2. Bitcoin (BTC)
Bitcoin still reigns as the top crypto to invest in for long-term returns.
There is no surprise that Bitcoin still reigns as the world’s most popular cryptocurrency. Bitcoin’s messy short-term volatility, but staggering overall gains since its inception, have led many investors to consider it a potential long-term investment. As a result, the majority of the Bitcoin conversations on Reddit are from investors who are hyperfocused on buying the dip.
Today institutions like MicroStrategy, Tesla, and the Luna Foundation Guard (LFG) have announced their plans to buy BTC, which has significantly pushed the demand and value of the token. Moreover, several countries are considering following El Salvador and accepting Bitcoin as legal tender. As more institutional and retail investors have embraced Bitcoin, there's more capital coming into the market. Bitcoin’s volatility is indeed a concern for investors. However, volatility is expected to decrease as institutions and governments enter the market with long-term interest.
3. Terra (LUNA)
Terra is one of the top cryptos to invest in today, as investors believe that the algorithmic stability mechanism is feasible over the long term.
The stablecoin space is intriguing for investors right now, and Terra has positioned itself as the top cryptocurrency on this list. Terra is a decentralized finance ecosystem that is powered by stablecoins. It is a stablecoin-focused smart contract blockchain, and its value is pegged to traditional assets such as the U.S. dollar.
There are several reasons why LUNA is on the list of top Reddit cryptos, including significant increases in the amount of money on its blockchain. With the Luna Foundation Guard (LFG), a Singapore-based nonprofit, purchasing over $3 billion worth of Bitcoin (BTC) as an additional layer of security for UST, Terra's decentralized dollar-pegged stablecoin, sentiment for LUNA has grown rather significantly.
4. Ethereum (ETH)
With the rollout of ETH 2.0, Ethereum would be the top cryptocurrency to buy in the crypto sphere.
Ethereum is the most well-known altcoin and is more than just a cryptocurrency for many investors and enthusiasts. The main advantage of Ethereum is its real-world utility. Ethereum’s blockchain supports smart contracts that can be used in a wide range of applications across the tech world like gaming, music, entertainment, decentralized finance (DeFi), and the creation of non-fungible tokens (NFTs).
Another factor that makes Ethereum one of the top Reddit cryptos is the upcoming launch of Ethereum 2.0. The team is finally closing its shift to Proof-of-Stake, which will eventually reduce gas fees, giving the cryptocurrency a boost. As well as using less computing power, Ethereum 2.0 promises to be a faster, more secure, and relatively sustainable blockchain network.
5. Axie Infinity (AXS)
Axie Infinity metaverse cryptocurrency is yet another top Reddit cryptocurrency to invest in today.
The metaverse has become a popular buzzword among investors today, and Axie benefited significantly from that trend. Axie Infinity is designed as a fully player-owned cryptocurrency used within a digital pet universe. It allows players to sell and trade their game assets for digital currency seamlessly. Each Axie, along with other in-game items like the land, is represented as non-fungible tokens on the Ethereum blockchain. Moreover, the Axie Infinity Marketplace is the third most popular NFT marketplace in the blockchain industry, pushing the investability quotient of AXS tokens.
Lately, with the release of Axie Infinity Season 21, the latest update, investors are optimistic that the gaming protocol would continue to gain traction with gamers and crypto enthusiasts, pushing the demand for the AXS token.
6. Dogecoin (DOGE)
Dogecoin is arguably one of the top Reddit cryptos to buy in 2022.
In 2021 when the Reddit meme stock frenzy spilled into the crypto world, several coins began to see massive surges, and DOGE was the chief beneficiary. Dogecoin has been the favorite of Reddit investors since its inception. The meme cryptocurrency soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. Moreover, the cryptocurrency gained massive popularity surrounding the enthusiasm of a Reddit group called SatoshiStreetBets.
DOGE is one of the top cryptocurrencies in 2022, primarily because of the introduction of the Dogecoin Trailmap by the Dogecoin Foundation. It comprises a list of important projects that will reshape Dogecoin's identity. Moreover, the team also has plans that aim to strengthen the utility of the cryptocurrency by integrating new projects with Doge.
7. Shiba Inu (SHIB)
SHIB seems to be a good buy, thanks to the rapid growth of the Shiba Inu ecosystem.
Shiba Inu is yet another cryptocurrency with a massive follower base and a dedicated community on Reddit. It is one of the top Reddit cryptos to buy now, as SHIB developers are trying their hardest to introduce new use cases for the coin while also increasing prices and broadening exposure.
Moreover, Shiba Inu has some of the most extensive upgrades in 2022, starting from the ongoing rollout of SHIB: The Metaverse. This play-to-earn mobile metaverse experience is one of the most intensive projects in the Shiba Inu ecosystem. Also, after nearly a full year of campaigning for the listing, SHIB is being introduced to a wide new demographic of potential investors today. Now, with plans for the combined shrinking supply, there is reason to believe Shiba Inu prices will skyrocket to new highs in the coming years.
8. Ripple (XRP)
Ripple’s institutional adoption would increase tremendously once the SEC lawsuit is settled, making XRP one of the top Reddit cryptos to invest in now.
Discussions have been going on Reddit forums about the fate of XRP and its bullish rally in the coming years. Reddit users have been boasting about XRP since 2017, when the price was around $0.0006, and they were right. The token has indicated a growth of over 10,000% since then. With its array of partnerships with financial institutions and banks, there is no stopping for XRP anytime soon. A crucial advantage of Ripple’s association with banks is its relative insusceptibility to changing cryptographic money guidelines globally, thanks to its tie-ups with such monetary establishments.
Unlike the top cryptocurrencies powered by blockchain technology, Ripple functions on a futuristic and disruptive model called a hash tree to record transactions. Ripple has found a viable way to transfigure the system behind international transactions. XRP has changed the way financial institutions work by processing transactions in seconds at a low cost and with minimal energy.
9. Cardano (ADA)
ADA is the top cryptocurrency for those seeking an environmentally friendly investment option.
Cardano is the third generation cryptocurrency that aims to carry out a range of complex transactions without the help of a middleman such as a bank or a broker. The Alonzo upgrade has also significantly boosted the crypto’s value and demand. Smart contracts are seen as a crucial part of blockchain technology and transactions, and with the Alonzo upgrade, Cardano blockchain has implemented full smart contract functionality on the blockchain.
Additionally, a recent update from Cardano developers Input Output Hong Kong (IOHK) contained some exciting news for the future of Cardano. The team has added multiple smaller updates to help smooth out some of the standard processes.
These continuous updates have made Cardano one of the most actively-developed projects in the blockchain space today. Moving forward, Cardano developers are looking to enhance smart contract performance and scalability through new release deployments in 2022, making it one of the top Reddit crypto to invest in. In addition, developers have also disclosed that another series of updates is coming shortly, including the deployment of a light wallet, a decentralized app store, development tools, new APIs, and sidechains.
10. Avalanche (AVAX)
AVAX has marked its position in the list of top Reddit cryptos, thanks to the expansion of its network to numerous sectors in the market.
Avalanche is one of the many projects that seek to rival Ethereum. Avalanche aims to develop a flexible and scalable blockchain that maintains decentralization and security. AVAX has become an ideal choice for investors and developers across the globe, thanks to its fast processing time and high growth trends for DeFi and NFT projects. Avalanche’s profile in the crypto community is highly elevated after its unique collaboration with companies like Deloitte.
One of the many reasons for the rising interest in AVAX is the release of its new bridge, replacing the months-old Avalanche-Ethereum Bridge, or AEB. The new Avalanche Bridge or AB is five times cheaper than the previous one and acts as a growth engine for the project’s future. Since Avalanche was designed to act as a central hub and exchange for the future of financial transactions, the asset undoubtedly has enormous growth potential.
Reddit has been home to over 500 cryptocurrency communities and has fueled the price and value of several digital assets over the years. Fortunately, Reddit users are always a few steps ahead as cryptocurrencies have always been one of the most popular subreddits, and users are always on top of the latest crypto news. Therefore, considering every factor, this is the list of the top 10 Reddit cryptos you can invest in now to ensure profitable returns in the future.