Best Crypto to Buy Right Now on Reddit

Reddit has something for everyone. The self-proclaimed “front page of the internet” has a community dedicated to everything under the sun. Following the rapid adoption of cryptocurrencies like Bitcoin and Ethereum, Reddit has transformed into a major source of investment advice for investors searching for the next shining star in the cryptocurrency market.

This article will look into the best cryptos to buy now on Reddit. We also examine the best crypto platforms and crypto exchanges to buy these cryptocurrencies on.

What Makes The Best Reddit Coins So Attractive?

Below, we’ve reviewed the best crypto to buy right now on Reddit for interested investors in more detail. Readers will find that many of these cryptos also feature in our article on the best altcoins to buy in 2024.

These digital assets are making the most waves on the Reddit platform:

1. Wall Street Memes (WSM): Overall Best Crypto to Buy on Reddit

Wall Street Memes, thanks to its meme-focused community that has made its social media community strong with over 1 million followers, is the best Reddit crypto of 2024.

Combining the quirkiness of means with the social attributes of memecoin, Wall Street Memes is a project that changes one mantra – Greed is, indeed, very good. Inspired by Wall Street Bets, the Reddit group that created an investment nightmare for hedge fund companies by creating the Gamestop Short Squeeze, Wall Street Memes wants to do the same for memecoins.

It intends to mobilize the community to hype the memecoin – WSM – up and transform it into a profit generator for the community.

That honesty is underpinned by financial humour and tweets that are engaging enough to get the attention of Elon Musk.

These factors have fuelled its presale, helping it raise close to $18 million within a short time. With its $20 million hard cap quickly approaching, investors have limited time to invest in a token that launched during the memecoin mania and presents huge upsides amidst the community seeking more profitable assets.

2. Launchpad XYZ (LPX): Best Reddit Crypto Encompassing the Entire Web 3

Launchpad XYZ is a crypto project that encompasses everything Web 3. It not only supports training for crypto trading but has elements within its ecosystem that are dedicated to the GameFi, DeFi, NFT and Metaverse space.

Designed by a group of people that sought to make Web 3 understandable by adding a human element, Launchpad XYZ features a robust training module that teaches novices to trade while they earn. It also features “Trading Edge”, a system focusing on strong indicators to help investors make better decisions.

Other features of this ecosystem include presale analysis, NFT analysis, metaverse finder, DeFi analyzer, and a dapp development module. Launchpad XYZ is using these modules to help users find the best Web 3 projects to invest in. Helping with that is a unique scoring system that takes 400 parameters and combines them into one. Known as Launchpad Quotient, or LQ, this score will help investors determine which project to choose for their Web 3 investment.

Powering this ecosystem is the native token LPX, whose utilities consist of interacting with Launchpad XYZ’s ecosystem in various ways, including staking to earn APY rewards.

Utility-focused cryptocurrencies will rule the coming years, which makes Launchpad XYZ a worthwhile investment. People have started to grasp it, and so far, the project has already raised more than $1.1 million in its presale.

3. Evil Pepe Coin (EVILPEPE): Best Reddit Memecoin, Inspired by Pepe Coin

Pepe Coin’s ability to reach a $1 billion valuation in record time motivated investors to start a memecoin mania where every meme-inspired coin gained large trading volumes within short periods of time.

But these memecoins weren’t able to generate massive gains for everyone, as most bought at peaks and faced massive losses. Evil Pepe Coin is a memecoin project that represents that feeling of FOMO, the urge to invest in memecoins due to perceived notions that they will always generate profits.

Inspired by Pepe Coin, Evil Pepe Coin also doesn’t pay any heed to its utility. It says that generating profits is its sole purpose, and reaching a $100 million market capitalization is its end goal. The project’s imagery consists of Pepe the Frog looking at its evil reflection that wears a dark cloak.

Saying that one needs to indulge in a bit of “evil” to make it in the crypto market, Evil Pepe explicitly expresses that it intends to generate profits for early investors through the pump that results from DEX listing.

Evil Pepe Coin has already raised more than $500,000 in its presale round thanks to this imagery. The presale is set to end in a few days, and its hard cap is $1.99 million.

4. BTC20 (BTC20): Bitcoin on the Ethereum Blockchain

BTC20 is a crypto project that brings Bitcoin to the Ethereum blockchain. With a name that combines BTC and ERC-20, BTC20 treads the path that Bitcoin took in its earlier days to create the same level of interest in the market.

2011 saw Bitcoin selling 6.05 million BTC tokens at $1 each, with 14.95 million to be released to miners. BTC20 takes the same route, albeit with some changes. Instead of locking 14.95 million behind a mining barrier, it locks them up inside a staking contract.

Users who stake a certain number of BTC20 tokens in the network will get APY rewards from that 14.95 million. BTC20 aims to release the remaining tokens this way over the next 120 years.

Doing so promotes scarcity for this token, giving it the potential to reach a higher value with time.

BTC20 has decided to sell the first 6.05 million tokens via a two-stage presale, with 3 million to be sold in the first stage and the remaining 3.05 million in the second.

BTC20 leverages proof-of-stake technology to bring Bitcoin to the green space. Bearing the same tokenomics but implementing it on an ERC-20 blockchain, this project promotes inclusivity, which would promote participation, which can, in turn, potentially prove BTC20 to become profitable for early movers.

5. Chimpzee (CHMPZ): Green Reddit Crypto with Focus on Combating Climate Change

Chimpzee is a green crypto project that has been getting engagement on Reddit thanks to its lore-rich ecosystem that involves using blockchain to combat climate change and protect endangered species while earning through not one but three mechanics.

These mechanics are trade-to-earn, shop-to-earn, and play-to-earn.

With Shop-to-Earn, investors can interact with the Chimpzee marketplace and buy Chimpzee gear and merchandise. A portion of profits generated through them will be given back to the investors and to organizations focusing on protecting the environment.

Chimpzee’s Trade-to-Earn ecosystem comes from its NFT marketplace. Chimpzee features an NFT passport that lets investors access many rewards while actively trading on the NFT marketplace. One of them is earning a portion of the trading fees that the NFT marketplace generates.

Chimpzee is the pioneer of the “Zero Tolerance Game”, which will prompt investors to take green measures to protect the environment. For each milestone they complete, Chimpzee will reward them with CHMPZ tokens.

It is rare for a project to provide three different earning mechanics via blockchain – but Chimpzee is attempting to do it in a way that’s accessible. None of its goals seems far-fetched, which makes the project accessible to even beginner-level traders.

That accessibility has allowed Chimpzee to raise more than $900k in its presale round. This multi-staged presale is going out fast. Those interested in becoming early movers must act now.

6. DeeLance (DLANCE): Reddit Crypto for Freelancers

DeeLance is a blockchain project that aims to redefine the freelance space, making it more fair and inclusive through the power of tokenization.

The project seeks to create an ecosystem where freelancers can share their project samples in the form of NFTs, retaining their ownership of their works. That aspect is carried forward to transfer the ownership of that work to employers seeking freelancers.

DeeLance also goes beyond that to provide a virtual space where employees and freelancers can interact with each other. There would be meeting rooms, virtual offices, and more within the DeeLance metaverse, allowing interaction between clients and freelancers in a different way.

For employers, DeeLance also provides a space where they can create their own job postings and attract prospective freelancers.

Powering this ecosystem is the ERC20 token DeeLance which has a total supply of 1 billion. This token is currently available as a presale which has already raised more than $1.6 million.

7. Bitcoin (BTC): The Crypto Market Leader

Bitcoin is unsurprisingly one of the top trending cryptos on Reddit by popularity and mentions. The asset is the market leader, and its price trajectory tends to weigh on other assets as they also follow it.

So, where Bitcoin goes, most other coins follow.

With a current price of $22,100, BTC is up by 4% in the past 24 hours and many of the best crypto investors are calling for a bottom to be in for 2022 – meaning the bear market and ‘crypto winter’ may finally be over.

The Reddit community is buzzing over Bitcoin’s recent performance and its relation to the recently released Consumer Price Index (CPI) data. Over the week, the U.S. confirmed that the CPI had hit 9.1% in June -the highest point since 1981. The jump had beat analysts’ forecast of 8.8% – itself a significant jump that could essentially trigger another round of interest rate hikes from the Federal Reserve.

Considering that interest rate hikes are part of why the market dipped, the surging inflation numbers aren’t necessarily doing much to help matters. However, investors remain confident that these hikes are necessary to curb inflation in the long term – even if the short-term ramifications can be difficult to swallow.

Still, Bitcoin remains a highly attractive investment for many people. Many investors know what happens in a bear market – there’s less fear and FUD in the market than in the previous crypto winters. Bitcoin is usually the first to witness price increases when the market flips bullish, so it is understandably one of the best crypto to invest in on Reddit.

Still, Bitcoin remains a highly attractive investment for many people. Many investors know what happens in a bear market – there’s less fear and FUD in the market than in the previous crypto winters. Bitcoin is usually the first to witness price increases when the market flips bullish, so it is understandably one of the best crypto to invest in on Reddit.

Cryptoassets are a highly volatile unregulated investment product.

8. Ethereum (ETH): PoS Merge On The Way

The most popular altcoin, Ethereum, is another option among the best crypto to invest on Reddit.

As a large-cap coin, its price correlates significantly to that of Bitcoin, and Ethereum is one of the assets to enjoy gains when things flip bullish.

Ethereum’s price currently stands at $1,480, up by 10% in the past 24 hours.

Right now, the buzz surrounding Ethereum has been with the blockchain’s migration to proof-of-stake (PoS). Dubbed Ethereum 2.0, this transition is expected to address several of the scalability and latency issues that have plagued Ethereum’s blockchain for the past few years. It should also put the blockchain in a more competitive position for decentralised application (dApp) developers.

Last week, the Ethereum Foundation successfully deployed the Sepolia testnet, marking yet another milestone in the mission to get to Ethereum 2.0. The testnet deployed without a hitch, and the progress even caused a slight bump in the price of ETH. While the asset has since dipped, continued progress with this transition is a major bullish sign that things are on the right track.

Cryptoassets are a highly volatile unregulated investment product.

9. Binance Coin (BNB): Coasting On Binance’s Expansion

Binance Coin has done pretty well to earn its spot as one of the best crypto to buy right now on Reddit.

The asset is a large-cap coin and has risen to the top of the CoinMarketCap charts over the past year.

The world’s most popular exchange token, BNB, is tied to the Binance ecosystem. Binance is currently the largest global cryptocurrency exchange by daily trading volumes, and the exchange has done well to keep its operations stable despite the current market downturn.

With a current price of $260, BNB is also performing well – the BNB / BTC chart in particular is near its all time high, outperforming most other altcoins, showing similar strength to FTX Token (FTT).

BNB has so far benefited significantly from Binance’s stability. This year, the exchange has been on an expansion spree. Its Spanish subsidiary secured approval to operate in the country as a virtual asset service provider (VASP), and Binance recently signed deals with Cristiano Ronaldo and Khaby Lame as it looks to expand more into the Web3 space. All of these bolster BNB’s status as one of the best crypto on Reddit.

Cryptoassets are a highly volatile unregulated investment product.

10. Dogecoin (DOGE): The Industry’s Leading Meme Coin

Dogecoin’s status as a Reddit cryptocurrency is undeniable. Part of the reason the asset rose to so much prominence was that it caught on among Reddit investors during the meme stock frenzy of 2021.

After blowing up on Reddit and Twitter, DOGE reached a height of $0.75 and even became one of the four most valuable cryptocurrencies in the market. The asset is a bit off that mark, but it remains one of the best cheap crypto to buy on Reddit.

DOGE currently trades at $0.06 – a jump of 5.505 in the past 24 hours.

Reddit investors are especially excited about DOGE because the asset continues to see impressive adoption across the board. Just last week, The Boring Company, a tunnel construction firm founded by Elon Musk, began accepting DOGE for payments at its Las Vegas loop. As the asset continues to see more prominence as a payment method, we expect to see growing investor attention flowing into the coin.

Cryptoassets are a highly volatile unregulated investment product.

11. Solana (SOL): Venturing Into Mobile Phones

SOL is the native token for the Solana blockchain – a high-performance blockchain platform looking to challenge Ethereum’s dominance among dApp developers, also very popular on crypto Reddit subs.

The asset rose to prominence, particularly in 2021, after posting almost 10,000% gains, and while the bear market has weighed on its price, it remains a top attraction for most investors.

SOL’s current price of $37.77 marks an 11.70% jump in the past 24 hours.

Reddit investors were pumped about SOL after its developers announced their foray into the mobile space. Solana Labs has unveiled the Solana Saga – an Android device that allows users to enjoy several Web3 functionalities. Among these functions is the ability to mint and sell NFTs across multiple blockchains.

Solana Labs has explained that the Saga is part of its mission to make Web3 more accessible to people. With the company looking to challenge industry giants like Samsung and Apple, it would be interesting to see how it competes. Success with sales could cause a massive spike in SOL’s price down the line.

Cryptoassets are a highly volatile unregulated investment product.

Best Crypto-Focused Forums On Reddit

Reddit’s appeal to most cryptocurrency investors has been primarily due to the service’s abundance of cryptocurrency-based forums. The platform is home to several groups where avid cryptocurrency investors and enthusiasts can come together and share information about the market.

Thousands of crypto investors have been able to profit from the signals and information they’ve gotten on Reddit about crypto. Whether talking about the hottest new coins to hit the market or analysing some of the most prominent coins based on current market events, Reddit forums remain one of the easiest and most accessible sources of quality crypto scoops.

Below are some of the top forums that interested crypto investors can join:

1. r/BitcoinBeginners

The r/BitcoinBeginners is the perfect Reddit crypto forum for anyone looking to start in the market. This subreddit contains many educational materials beneficial to a novice crypto user.

The Reddit forum is stacked with professionals and expert traders who can help to break the market down for you. Anyone can come to ask questions and seek guidance about navigating the crypto market, and they will be able to get impressive solutions here. With hundreds of thousands of community members, you can choose from a wealth of resources.

2. r/CryptoCurrencies

The r/CryptoCurrencies forum prides itself on being the best place for anyone looking to learn about and trade cryptocurrencies. The group offers uncensored information about the market, and it is a useful forum for anyone looking to hear up-to-date crypto updates or have honest conversations surrounding the best crypto to buy now on Reddit.

This popular crypto Reddit forum is home to over 300,000 members who ask common questions and have spirited conversations about the market. If you’re looking for fresh updates or the latest market notes, r/CryptoCurrencies is the best option.

3. r/CryptoTechnology

r/CryptoTechnology is the perfect place for anyone looking to have interesting conversations about digital assets. The group bans market updates, promotional posts, and even memes. Instead, from a technical standpoint, it prides itself on being a platform for calm, in-depth discussions about cryptocurrencies that have a long-term future.

If you’re looking for information about blockchain technology or the real-world applications of cryptocurrencies, this crypto Reddit forum is for you. Over 300,000 members here have regular debates and knowledge-sharing sessions, helping you to understand what crypto is all about. The best digital assets to invest in are those with a bright future in the market, and r/CryptoTechnology helps you to separate the wheat from the chaff.

Where To Buy the Best Reddit Coins

The best crypto to buy on Reddit can be purchased on cryptocurrency exchanges. Crypto exchanges are trading platforms that make buying and selling digital assets like Bitcoin easy.

While there are several crypto exchange options for market participants, we recommend eToro.

eToro is one of the most popular cryptocurrency trading platforms in the world. The exchange is especially ideal for beginners and everyday traders looking to trade cryptos from a reputable platform for low fees.

eToro has been operating since 2006. The broker is one of the most recognised worldwide, with regulatory licenses from several top financial watchdogs – including the U.K.’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Among many benefits of eToro is the broker’s ease of use. eToro features a simple and user-friendly interface that allows even beginners to get the hang of it easily. With eToro, buying crypto can be completed in minutes – from the signup process to account verification and funding of your wallet.

eToro has listed 76 cryptos to date, including the big caps and new crypto coins like ApeCoin (APE).

eToro provides a broad range of options for anyone looking to deposit. Investors have their pick of the litter, from credit cards and bank transfers (for some countries) to payment processors. The broker’s minimum deposit is $10 for both U.K. and U.S. investors.

Trading fees on eToro are quite competitive. The broker charges a 1% fee on all crypto trades. There are no fees attached to opening or maintaining an account on eToro. The platform also doesn’t charge U.S. customers any deposit or withdrawal fees, irrespective of the payment method used.

eToro also supports traders with several impressive features. One such feature is the CopyTrader, which investors copy the moves of top traders on eToro. This allows novice traders to invest passively and automate their trading process.

Conclusion

Reddit has become a reliable source of information for crypto investors and enthusiasts. The platform allows anyone to come and get quality information about some of the best coins to buy, regardless of their knowledge level. For investors looking to buy cryptocurrency, Reddit is one place to find the best options to buy easily.

Our pick for the best crypto to buy on Reddit is Wall Street Memes. It is a meme coin that focuses on its popularity on social media and has the potential for big gains.

The other major Reddit Crypto is Launchpad XYZ. it is an all-encompassing Web 3 project with huge upsides.

Crypto presales in particular, tend to perform well as investor interest is highest early on in a project, with more upside potential than downside, given that a presale price is the cheapest crypto price possible.

FAQs on Reddit Cryptos