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Top 7 Best Crypto to Buy/Invest In on Reddit 2022

08/24/2022
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Reddit is a popular internet news and content-rating website, and we will reveal the Top 7 Best Crypto to Buy/Invest In Reddit. It is a community network where people can explore their passions and interests. It is typically the first call for users looking for information on a topic, including the cryptocurrency industry.

If you’re unsure which currency to invest in, here’s a reliable source for information on the best cryptocurrencies to invest in right now, so let’s get started!

Top 7 Best Crypto to Buy/invest in on Reddit 2022

Reddit is the best place to learn more about the cryptocurrency you want to purchase. It is an ideal place to visit because of its devoted following, eager to share their thoughts and learn more about this fascinating subject. The following are the seven best cryptocurrencies to invest in on Reddit for 2022:

  1. Tamadoge – To Invest in a New Crypto Presale
  2. Battle Infinity – A Trending Crypto Project on Reddit
  3. Lucky Block – The Next Meme Coin Is Rising
  4. DeFi Coin – Best Cryptocurrency to Buy in the DeFi Sector
  5. Bitcoin – The Leading Cryptocurrency
  6. Ripple – Reddit’s Popular Crypto Project
  7. Ethereum – Superior Blockchain System for a Wide Variety of Apps

Let us now go over each of these coins in greater detail.

1. Tamadoge – To Invest in a New Crypto Presale

Tamadoge, the first on our list, is Tamaverse’s native cryptocurrency and multi-utility token. The TAMA token can be used in the Play-to-Earn (P2E) games of the Tamadoge cryptocurrency project. Tamadoge pets, the virtual dogs that players can create, breed, and trade, are the main attraction of this player-to-player game.

Tokenized as NFT vs. smart contracts, these pets can now be acquired through the Tama marketplace. Every NFT kept as a pet is special in some way and has both positive and negative qualities. In order to earn points on the monthly leaderboards, users must first train and level up their pets over time before pitting them against their peers.

Meme coins typically seek to improve the utility of their respective ecosystems. Tamadoge has taken the same approach, with the notable exception of starting with its utility product, a P2E game with Metaverse functionality aimed at casual gamers.

According to the plan, the network will release an augmented reality app, and the project will begin looking for partnerships with other Metaverse initiatives in early 2023. LBank has already been announced as the first of the initial centralized exchange listings, which will begin in Q4 2022.

Furthermore, according to a recent website update, Tamadoge’s chief games developer is Thomas Seabrook, formerly of WMS and StarDigital. Carl Dawkins, former marketing manager at SocialBlox and Koda cryptocurrency, joins him as head of growth.

Due to its broad appeal and strong commercial potential, the presale has steadily gained support among cryptocurrency investors. As the crypto winter continues, investors are becoming more aware of projects’ ability to attract active users and generate revenue streams.

Tamadoge made a significant statement by raising $7,359,841.16 USDT in its presale at buy.tamadoge.io in under three weeks during a crypto bear market (TAMA). Cryptocurrencies typically do not react substantially to market sentiment and instead rely on the success of its presale and marketing campaigns.

Investing in them during their presale periods can thus be a beneficial way to preserve your portfolio during periods of dropping pricing. TAMA can be purchased with ETH, USDT, or fiat currency via the on-ramp Transak using a debit or credit card. Currently, 1 USDT = 50 TAMA; however, once Tamadoge raises the remaining $59 million, 1 USDT equals 44.44 TAMA.

2. Battle Infinity – A Trending Crypto Project on Reddit

When it comes to the top cryptocurrency investments right now, Battle Infinity is at the top of the list on Reddit. Although Battle Infinity has only recently emerged, this play-to-earn (P2E) gaming environment has been gathering traction on social media, with the newly-launched Telegram group serving as the primary forum for community members to debate the venture.

On August 17, a large cryptocurrency platform called PancakeSwap held its launch ceremony in Delhi. PancakeSwap announced the Battle Infinity listing at the event. Furthermore, Mr. Suresh Joshi, the founder of Battle Infinity, has stated that additional announcements will be made “in the coming days” and that the network’s native token, IBAT, will be listed on several exchanges.

Additional exchange listings are essential if the Battle Infinity community is to reach as many people as possible. Furthermore, the project’s ability to host a decentralized NFT-based fantasy sports league in the Metaverse, where players can advance through the ranks of its IBAT Premier League, has piqued the interest of gamers and sports fans.

A larger audience may improve the user interface of play-to-earn games, and scaling the game will make it better for all players. Battle Infinity (IBAT) is due to be listed on centralized exchange LBank on Friday 26th at 12pm UTC (5.30pm New Delhi, 8am New York, 1pm London). This may drive additional upward movement in IBAT price.

3.   Lucky Block – The Next Meme Coin Is Rising

Lucky Block is recommended as one of the finest cryptocurrencies to buy right now on Reddit. The Lucky Block crypto-gaming platform aims to completely revamp the way that users participate in jackpot drawings and receive rewards. Lucky Block is a daily lottery game that accepts LBLOCK as payment and is hosted on the Binance Smart Chain (BSC).

According to Coindicators, the Lucky Block subreddit gained the most daily subscribers during Q1 2022, when the cryptocurrency experienced a 65x bull run to under one penny. Lucky Block has recently made headlines after it began working to achieve the goals outlined in its roadmap. One of the accomplishments is listing on centralized exchanges.

On the 17th of August, Gate.io announced that the LBLOCK token would be listed on the market in the week beginning September 12th, 2022. However, the network will reveal a specific date for the listing in the weeks leading up to launch week. This listing will provide significant liquidity to the LBLOCK markets.

Gate.io is the fifth-largest centralized exchange by verified 24-hour trade volume, according to the top crypto data portals Coinmarketcap and CoinGecko. As a result of its listing on Gate.io, the price of LBLOCK on centralized exchanges may rise even further.

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4.   DeFi Coin – Best Cryptocurrency to Buy in the DeFi Sector

DeFi Coin (DEFC) is a digital currency that was established in 2021 and is the exchange’s native token on the decentralized platform DeFi Swap. Running on the Binance Smart Chain, DEFC is a decentralized exchange performing functions similar to Uniswap.

Having a DeFi Coin offers some advantages. Any time money changes hands; a 10% tax is levied. As a result, speculators in the market are discouraged from engaging with this token. Additionally, the company is seeking investors for the long haul.

DEFC holders are entitled to half of the tax on every trade. The larger a user’s holdings of tokens, the larger their share will be. The other 50% are added to the DeFi Coin liquidity pool. DeFi Coin’s long-term viability depends on this, as it ensures that the token will be used in a fully functional, efficient market.

Moreover, without sufficient liquidity, neither buyers nor sellers will be able to engage in decentralized trade. The Binance Smart Chain is home to the decentralized exchange (DEX) DeFi Swap, whose native token is DeFi Coin. Despite having been introduced in May of 2021, DeFi Coin has had a hard road due to delays in development.

However, after the introduction of DeFi Swap in early May, the value of DEFC increased by an estimated 300% in a matter of hours. Decentralized finance (DeFi) has recently piqued the interest of institutional investors due to its benefits and evolution to become more user-friendly. Furthermore, Velorex is developing the first decentralized ATM.

After a year of development, Velorex is now presenting its DeFi-specific technology to the general public, and it may be available in stores later this year. The company has already begun accepting advance orders from local businesses for these ATMs, which are expected to go on sale in the fourth quarter of 2022.

According to Web3, small businesses that own a Velorex DeFi ATM will have complete control over the software and functionality of these machines. This change will benefit the DEFC/USD pair, which is already on the rise.

5.   Bitcoin – The Leading Cryptocurrency

Bitcoin is the most well-known cryptocurrency, and it continues to lead the market in terms of value, according to CoinMarketCap. While the price of Bitcoin has been erratic in recent months, the coin’s basic use cases remain sound. There are currently more than 15,000 places to buy using Bitcoin and roughly 14,000 automated teller machines (ATMs) that accept the cryptocurrency as payment.

According to the CoinDCX research team, while other digital assets have declined due to critical support price levels following the announcement of the FOMC July meeting, Bitcoin has responded to quantitative tightening measures.

Furthermore, inflation has surpassed upper-tolerance levels in several major world economies. Inflation may remain the dominant topic in the coming days.

As global inflation accelerates, more people turn to cryptocurrency as a hedge against it. Fears of inflation have prompted investors to seek refuge in the cryptocurrency market, which is why the bitcoin market is thriving. BTC, the largest cryptocurrency by market capitalization, will thus attract investor interest.

6.   Ripple – Reddit’s Popular Crypto Project

Due to the project’s potential to transform how cross-border payments are made, many investors consider Ripple to be the finest cryptocurrency to invest in. You may be aware that Ripple is the startup behind RippleNet, a decentralized network that allows users to send and receive immediate, low-cost payments.

Ripple Labs Inc. announced on August 18 that it has partnered with Travelex to provide On-Demand Liquidity (ODL) services in Brazil. Businesses will no longer have to wait three to five days to complete expensive international transactions with Ripple’s quick and affordable ODL payment service launch.

It announced that it would use Ripple’s ODL solution, the XRP coin, and that users would be able to move money across borders. Ripple wanted to improve the user experience for its partners, and Travelex will provide quick settlement and liquidity access around the clock. It will make payments between Mexico and Brazil easier. It also plans to enable additional use cases and pathways.

7.   Ethereum – Superior Blockchain System for a Wide Variety of Apps

Ethereum is another top recommendation for the best cryptocurrency to buy today on Reddit. The wide variety of applications for Ethereum, such as smart contracts, dApps, and NFTs, attract many investors. Ethereum, in contrast to Bitcoin, is not used as a means of sending money but rather as a platform for developers to create decentralized applications in various fields.

Ethermine, the Ethereum mining pool, recently announced that the platform would cease mining ETH as soon as the Merge occurred. On or around September 15, 2022, the Ethereum network may transition from a proof-of-work (PoW) network to a proof-of-stake (PoS) network, and Ethereum’s mining phase will come to an end.

According to Ethermine, GPUs and ASICs will no longer be permitted to mine ether on the Ethereum network after this date. Because of this transition, the Ethermine Ethereum mining pool will switch to withdraw-only mode once the Proof-of-Work mining phase is completed.

However, because Ethereum is a decentralized network and the creator does not have complete control over the system, Ethereum mining will not be eliminated. Some miners can continue mining by creating “FORKS” of Ethereum and staking other owners who are also dissatisfied with The Merge. Such forks have already been created, such as Ethereum Classic.

Related

Tamadoge – Play to Earn Meme Coin

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  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

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Source: https://insidebitcoins.com/news/top-5-best-crypto-to-buy-invest-in-reddit-2022