Connect with us

Uncategorized

8 Best Cryptocurrency On Reddit To Invest

Manoj Nair

Published

on

Cryptocurrency
  1. Battle Infinity – On The Whole Preeminent Crypto On Reddit
  2. Lucky Block – Popular competition platform
  3. DeFi Coin – Top Coin In The DeFi Ecosystem
  4. Bitcoin – The Most Accepted Cryptocurrency
  5. XRP – Coin Enabling Quick Transaction With Low Fees
  6. Ethereum – Second-biggest coin by market capitalization in
  7. Shiba Inu – Popular Joke Coin
  8. Avalanche – Avalanche – Top Scalability Coin

Battle Infinity – On The Whole Preeminent Crypto On Reddit

NFT based game in which players play to earn and build teams and also earn NFT passes to enter leagues and matches in the IBAT Premier League. Players create value by tokenizing characters and assets to augment their NFT values. Players can swap their NFT with other currencies and also use it to buy native tokens.

Owning an IBAT token enables the players to stake the coin to earn rewards in three different ways. Half of the IBAT used for processing transaction fees goes into the staking pool. The most active players are rewarded IBAT from the staking pool.

Players can also access multiple games and enter Battle Games with IBAT. Battle Arena is the interactive section of the Metaverse game which enables players to explore virtual grounds while interacting with players in real-time. Additionally players can also use their customized avatar that can be attired and hair styled with NFTs received from Battle Marketplace.

Lucky Block – Trendy Competition Platform

Another native token of a competition platform called Lucky Block also known as LBLOCK. The platform has progressed into a global NFT competition platform which allows player’s access to Platinum Rollers Club NFT.

Players buy a ticket for $1 and enter the Platinum Rollers Club to draw prizes. Players need to buy at least 5 tickets to enter a draw. Lucky Blocks hosts the main draw weekly, and it’s also got an NFT draw on Fridays.

There are other avenues through which LBLOCK investors can earn.  Investors who have invested in the coins in the beginning of February 2022 went home with handsome profits as the prices surged 1,100% two weeks later.

DeFi Coin – Top Cryptocurrency In The DeFi Ecosystem

DeFi Cryptocurrency coin which is a native token of the token on DeFi Swap, an exchange hosted on Binance Smart Chain is Decentralized finance (DeFi) and enables the investors to trade without any interference from the Central Bank.

The Cryptocurrency faced gestational problems when it was launched but did not look back since and has surged by by more than 300% in a matter of hours. DeFi Swap also offers investors on the platform by staking coins, and the DeFi coin is its most popular staked coin.

Bitcoin – The Most Accepted Cryptocurrency

Bitcoin (BTC) is the Numero Uno Cryptocurrency in the crypto sector both in terms of market cap and price rise. BTC prices surged to $19,000 in January 2018, reached to an all-time high (ATH) of $69,000 in November 2021. A series of developments starting with the throwing out of crypto mining in China and the surging inflation and other factors led to the cryptocrash of May 2022 which saw the erosion of almost 75% of Bitcoin values. Despite the crash, Bitcoin has tremendous potential and remains an investor favorite. Bitcoin tokens are finite and only 21 million coins ever developed; Bitcoin’s price is set to go much higher since investors value scarce assets.

XRP – Cryptocurrency Enabling Quick Transaction With Low Fees

A product of the San Francisco-based fintech firm Ripple, XRP is a true cryptocurrency that needs a few seconds to reach the other side of the world. The best part about XRP is that transaction fees cost several cents.

Ethereum – Number Two Cryptocurrency

A leader in smart contracts and applications to operate without interference while preventing fraud and enables investors

The one coin that has managed to keep the second spot in the crypto market since its inception is Ethereum (ETH). The platform is used to send ETH on the blockchain as a payment or for swapping. ETH rallied more than 4,000% from its March 2020 lows to reach an ATH of $4860.

Shiba Inu – Popular Joke Coin

Often dubbed as Dogecoin killer, Shiba Inu creators copied Musk’s marketing strategy and rest is history. Their efforts were rewarded handsomely as Shiba Inu coin surged 1,100% from the beginning of October 2021 to the end of the month.

Avalanche – Top Scalability Coin

Composed of three networks contract chain, exchange chain and platform chain all working together to enable quick transactions.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *