Reddit remains one of the best places for any prospective crypto investor seeking credible information on digital assets. The platform has continued to grow in numbers following the rapid adoption of cryptocurrencies like Bitcoin and Ethereum. This post considers the best Reddit coins being discussed on the forum.
1. Lucky Block (LBLOCK)
LBLOCK kicks off our list of the best Reddit coins right now. The asset powers Lucky Block – an impressive online gaming platform that focuses on using blockchain technology to improve the transparency of the gaming landscape.
After launching on PanakeSwap at $0.0020, LBLOCK’s value has since jumped. The asset hit an all-time high of $0.0096 less than a month after its launch showing massive potential. Right now, LBLOCK trades at $0.0044, down 215%in the past 24 hours.
With a mobile app for Lucky Block coming and LBLOCK expected to list more major exchanges, this is one asset you don’t want to miss. Lucky Block is also expanding into non-fungible tokens (NFTs), and the asset witnessed a 147% increase in holder numbers for February alone. This shows that investors can’t get enough of the coin, and it is a major bullish sign for the asset’s future.
2. Near Protocol (NEAR)
Next on our list of the best Reddit coins is NEAR – the native token for the Near Protocol. Near Protocol offers developers a platform to build decentralized applications (dApps). The blockchain is smart contract-capable, and it is a very reliable platform that focuses on user-friendliness.
After being sandwiched in a fight between bears and bulls all week, NEAR is currently in a critical zone. The market’s performance could weigh on it, causing the price to drop even more. If this happens, opportunistic investors will be ready to pounce.
3. Avalanche (AVAX)
Next, we have AVAX – another new coin that is causing some buzz. AVAX powers the avalanche ecosystem – a network that looks to build on the faults of several larger blockchains to become more effective and scalable.
Avalanche recently partnered with the Wirex payment system, bringing its system to more than 4.5 million additional users. This also means that payments in AVAX are now possible – something we expect to see more of going forward. The market’s bearish movements might affect the AVAX price, but we expect to see gains soon when things flip bullish.
4. Osmosis (OSMO)
Osmosis is a star in the decentralized finance (DeFi) space. The platform operates as an automated market maker (AMM), with its cross-chain accessibility making it functional with multiple blockchains. Osmosis facilitates small trades on its platform while also enabling functions like staking to help users make more money.
There is massive growth for Osmosis from the staking space right now. Data shows that over 100 million OSMO tokens have been staked, showing massive interest from investors. If you’re looking for passive income, this is one coin you could try.
5. Kyber Network (NKC)
Kyber Network’s KNC token comes next on our list of the best Reddit coins. The Kyber Network is a decentralized finance (DeFi) protocol that facilitates the trading of coins. Merchants can also use the network to integrate crypto into their services and accept coins for payments.
The entire goal for Kyber is to make token swaps easy. To that end, the project has launched its KyberSwap decentralized exchange on Arbitrum – an Ethereum layer-two scaling solution. KyberSwap is now available on seven chains, expanding its ecosystem and boosting the prospects for KNC.
6. Ren (REN)
Ren is one project that has investors excited. The blockchain aims to incentivize a network of users globally who can transfer new and existing coins across multiple blockchains. For instance, you can lock one asset on Ren and immediately get the equivalent in ETH on the Ethereum blockchain.
Late in February, the first app built on Ren launched. Named Catalog, the app is a “metaversal” exchange that was built to be a secure cross-chain decentralized exchange that allows users to enjoy low-cost asset swaps across different chains.
With a growing ecosystem, there is a lot to be excited about for Ren right now. The buzz around it makes it one of the best Reddit coins at the moment.
7. Waves (WAVES)
Waves is a new project that has a lot of people talking on Reddit. The platform operates as a blockchain protocol that serves different use cases – including the development of dApps and smart contracts.
The biggest growth driver for WAVES right now is the migration to Waves 2.0. The upgrade is expected to implement a new version of the Waves consensus protocol, which will be based on practical proof-of-stake sharding (PPoSS). The upgrade is also expected to improve transaction speeds and make Waves compatible with the Ethereum Virtual Machine.
8. THORChain (RUNE)
RUNE is next on our list of the best Reddit coins. The asset had a pretty wild 2021, rising as high as $20 before crashing down to $4 due to several hacks and security breaches. However, investors remain confident that the protocol could turn a corner soon.
THORChain is expected to integrate with Terra, offering up new liquidity for the protocol. Also, its mainnet is expected to launch soon, offering another sign that the protocol is ready for the big leagues.
9. Terra (LUNA)
For many investors, LUNA is quickly becoming the SOL of 2022. The asset has enjoyed some breakouts in the past few weeks, and attention for it has surged.no wonder it’s on our list of the best Reddit coins.
With the Luna Foundation raising $1 billion and the company sponsoring the Washington Nationals, this project – and its coin – is on everyone’s watchlist.
10. Lido Finance (LDO)
Rounding off our list of the best Reddit coins is LDO – the token for Ethereum staking solution Lido Finance. Lido’s objective is to make it easier for individuals and institutions to stake coins.
Investors appear to have bought massively into the vision, with Lido raising $70 million this month from investors – led by venture capital giant Andreessen Horowitz.
With fresh funding, Lido is now free to expand. This makes the LDO token pretty attractive right now for investors who appreciate value.
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Source: https://insidebitcoins.com/news/top-10-new-cryptocurrency-on-reddit-2022