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After one of the most defining years for the crypto industry came to an end, many new traders have joined the community in search of the best cryptocurrencies to invest in 2022.
However, finding the right cryptocurrency that will skyrocket your portfolio is no easy task. It requires some hefty research and advanced market knowledge.
Fortunately, Reddit users are always a few steps ahead. With cryptocurrencies being one of the most popular subreddits, these users are always on top of the latest crypto news.
In this article, we are going to talk about some of the best crypto investments you can make in 2022, according to Reddit.
You are interested in hearing Reddit users' opinions on the best crypto investment opportunities, but you don't have enough time to read the detailed reviews?
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Considering the volatility and size of the crypto market, making the right investment decisions can feel overwhelming.
However, there are certain features in cryptocurrencies that could make them eligible for success and expert traders know how to recognize these features.
After spending hours on Reddit researching the best investment opportunities, we have come up with the following list.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
With the goal of revolutionizing the global lottery system, Lucky Block has captured the attention of millions of Reddit users and it stands out as the best crypto investment for 2022.
Lucky Block is one of the newest projects in the crypto world and it has already displayed a lot of potential for bringing in huge profits.
The developers behind this currency have found a unique way to bring back the 'old game of luck' into the blockchain protocol.
Most of the time, traders won't have a lot of insight into the teams behind currencies, but in this case, we can see that the team includes some of the leading experts in engineering, economics, and marketing.
This cryptocurrency uses RNG (Random Number Generator) smart contract technology to make sure all users taking part in the game have the same odds of winning. The winners are determined through a Binance smart chain.
With a comprehensive marketing strategy, Lucky Block has its eyes set on global exposure and it has already done a great job with advertisements being displayed all over London and other European capitals.
Currently, the price of a single Lucky Block token is extremely low, so if the currency does skyrocket, now would be the perfect time to make investments.
Also, it's worthy to mention that buying the token will grant you certain benefits. These include zero transaction fees, quick payouts, and a percentage from every jackpot payout, even if you didn't take part in it.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Shiba Inu has one of the largest crypto communities on Reddit. Many have followed the 'upbringing' of this interesting meme coin was initially launched in August 2021 as Dogecoin's rival.
Dogecoin generated some huge gains in the early part of 2021 and the founders of Shiba Inu have explained that this coin has the same amount of potential, or even more.
Well, to give credit where credit is due, they were absolutely right. In only a matter of months, Shiba Inu was able to increase its token value in an extraordinary fashion.
While predicting the price of meme coins is a nearly impossible task, Shiba Inu does show signs that it will go through significant growth this year as well. With some exciting projects announced, this coin could be a great and affordable investment opportunity for new traders.
Cryptocurrency markets are highly volatile and your investments are at risk.
Ripple has done a great job of justifying its title as the 'most innovative blockchain network' in the community.
By finding a way to transfigure the system behind international transactions, this token has literally changed the way financial institutions work.
In recent years, the most popular method for making international transactions has been SWIFT. However, users have been complaining about the price and efficiency of this payment method for the longest time. This is the exact reason why hundreds of banks have teamed up with Ripple in the last year, making their transaction process much faster.
To put it simply, Ripple's digital token functions as a sort of bridge between different currencies. This means that regardless of the amount being transferred, the transaction process fee will always stay at one cent (applies to both cryptos and fiat currencies).
Not only that, but the transaction is faster than anything we have experienced so far and they can be completed in only a few seconds.
Reddit users have been boasting about this currency since 2017 when the price was around $0.0006 and they were absolutely right. The token has indicated a growth of over 10,000% since then and there is no sign that it will reduce in value any time soon.
Cryptocurrency markets are highly volatile and your investments are at risk.
Bitcoin is simply one of the cryptocurrencies that will be mentioned on the 'Best Cryptos to Invest in' lists for years to come.
While it is the first crypto ever launched (2009), that's not the only thing that makes it so popular.
Ever since it was established, there were many skeptics doubting the potential of BTC, but it has proved time and time again that it shouldn't be underestimated.
Bitcoin currently has a $1.7 trillion market cap and in only a few years it has recorded a growth of over 7,600%. It was always the first choice when it came to 'safe' investments and during this time of hyperinflation, millions have started to put serious amounts of money into this leading crypto.
With an incredibly advanced cryptography blockchain system, BTC is also the most secure crypto in the community. Data security has been developed to perfection, making it impossible for hackers to breakthrough.
In the last five years, thousands of companies and stores have accepted BTC as a payment method and this trend just keeps ongoing.
BTC reached its all-time high in November 2021 with somewhere around $65,000 per token, but it has reduced since then to $40,000 (at the time of writing this article).
So, if you are one of those "buy the dip" investors, BTC should be on top of your list. According to Reddit, the price of Bitcoin is expected to double in the next 1-2 years.
Cryptocurrency markets are highly volatile and your investments are at risk.
Similar to the other cryptos that we have reviewed, Dogecoin has also had a great year when it comes to token growth.
With an all-time high of $0.73 in May 2021, Dogecoin has recorded an astounding growth of over 14,000%.
Dogecoin isn't a new project – it was released in 2013 as a 'joke'. The price remained flat for several years, but things changed when the CEO of Tesla, Elon Musk, announced that his company would accept Dogecoin as a form of payment.
Not only that, he frequently started to Tweet about this currency and mention it in various TV show interviews, making it explode in the short term.
Although Dogecoin decreased in value since reaching its all-time high, Redditors haven't given their hopes up on this fascinating meme coin. They believe that the coin will greatly rise in value in 2022 due to the numerous projects and features being released in the following months.
Similar to Shiba Inu, this token can be a great investment opportunity for beginners since the price per token is still extremely low.
Cryptocurrency markets are highly volatile and your investments are at risk.
If you agree with the opinions of Redditors and you are interested in investing a certain amount of money into one of these coins, you may be wondering – Where can I buy them?
Considering the different factors such as fees, payment methods, and features, the best option to make crypto investments is eToro.
Not only does eToro offer some of the lowest fees, but it also has a simple interface that beginners can navigate through with ease.
1. Visit eToro's official website and create an account
2. Upload a photocopy of your ID or passport
3. Connect your debit/credit card, PayPal, or bank wire to fund your account
4. Search for the cryptocurrency you want to buy
5. Type in how much you want to invest ($10 minimum) and finish up by clicking 'Confirm the Order'
6. After completing these few steps, you can view your new crypto tokens in your eToro portfolio.
Cryptocurrency markets are highly volatile and your investments are at risk.
Reddit users have had their fair share of success when it comes to making accurate predictions about incoming cryptocurrency growth.
From Dogecoin, Shiba Inu, Ripple, to Bitcoin, millions of Redditors have amassed their portfolios and banked in some serious amounts of money.
If the predictions continue to be trustworthy, then Lucky Block seems to be the next crypto destined for success.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
