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PancakeSwap is now the go-to exchange for new and exciting cryptocurrency projects to launch their token. And, there is no better place than Reddit to find the best digital assets in the market – should you be looking for some inspiration.
In this article, we explore the five best cryptocurrency to invest in 2022 on PancakeSwap – as per the general consensus on Reddit.
Here's a quick overview of the five most popular cryptocurrency to buy on Reddit
1. Lucky Block – Overall Best New Cryptocurrency to Buy in 2022 on Reddit
2. BNB (Smart Chain) – Required Digital Currency to Buy Tokens on PancakeSwap
3. Floki Inu – One of the Most Popular Cryptocurrency Projects on Reddit
4. CAKE – Buy the Native Digital Token of PancakeSwap
5. Safemoon – Most Promising Cryptocurrency to Buy for Value
Cryptocurrency markets are highly volatile and your investments are at risk.
Scroll down to read our analysis of the above PancakeSwap-listed cryptocurrency tokens.
It is important that you do plenty of research before you buy your chosen digital token.
And as such, in the sections below, you will find full reviews of the best new cryptocurrency to invest in 2022.
Many forum members on Reddit argue that Lucky Block is the overall best new cryptocurrency to buy in 2022. The project offers a real-world use-case for its digital token, not least because Lucky Block is building a decentralized lottery portal.
In a nutshell, players will be able to play lottery games no matter where they are located – with Lucky Block outcomes generated blockchain and smart contract technologies. In other words, winning numbers are guaranteed to be selected in a fair, trusted, and transparent way.
Most importantly – with no central entities involved in Lucky Block lotteries, more favorable odds and higher jackpot prizes are a certainty. When it comes to the token itself, Lucky Block was officially listed on PancakeSwap on January 26th, 2022.
This was after raising its entire hard cap target of 11,200 BNB during the Lucky Block pre-sale, which concluded 10 days early. Since listing on PancakeSwap, early investors have seen significant gains – with the token increasing by over 1,000% within three days of launching.
Although you can easily buy Lucky Block right now via PancakeSwap at a favorable entry price, the token has applied to a sizable number of top-tier centralized crypto exchanges. In addition to Binance, this includes FTX, Crypto.com, and more. If you're interested in networking with other Lucky Block enthusiasts you can join the official LBLOCK Telegram group with a loyal client base of 25,000 and counting.
As a result, when confirmation of each centralized exchange is announced, there is an expectation that the value of Lucky Block will continue to rise.
Cryptocurrency markets are highly volatile and your investments are at risk.
PancakeSwap is a decentralized crypto exchange that largely facilitates listing for tokens that operate on the Binance Smart Chain. And as such, it goes without saying that you will need to have an allocation of BNB to buy your chosen tokens.
However, it is important to note that while BNB operates on the Binance Chain, PancakeSwap facilitates to buy and sell orders on the Binance Smart Chain. These two chains are independent of one another and thus – you will need to have the Smart Chain version of BNB to be able to transact.
Fortunately, this is a simple process that can be achieved at the click of a button via Trust Wallet – which also gives you direct access to PancakeSwap.
Flolki Inu is perhaps one of the most popular cryptocurrency to buy in 2022 as per the Reddit forums. In its most basic form, Floki Inu is yet another Doge-centric cryptocurrency with a very little real-world use-case.
The project came about when Tesla CEO Elon Musk tweeted that he would be adopting a Shiba Inu dog – which he would call Floki. And of course, this was all it took for a group of developers to create a new meme coin in the name of Floki Inu.
Where Floki Inu has achieved huge success is creating hype throughout the cryptocurrency scene in a very short period of time. That is to say, it took just a few weeks after launching on PancakeSwap for this digital currency to go mainstream.
Although PancakeSwap is a hugely popular decentralized exchange that facilitates billions of dollars worth of volume every month – many people forget that the platform is also home to its very own native token – CAKE.
By investing in CAKE, not only are you gaining exposure to the growth of the PancakeSwap exchange itself, but you have the opportunity to generate income. For example, by harvesting CAKE tokens, you can earn an APY of over 38%.
This pool alone carries liquidity of over $200 million as of writing. You can also use CAKE to provide liquidity to projects on the Binance Smart Chain.
Safemoon – which was first launched in March 2021, was one of the first cryptocurrency projects to implement a taxation system. In simple terms, all buy and sell transactions are taxed at 10%, with the proceeds being distributed to token holders and liquidity pools.
This simple yet highly innovative concept resulted in Safemoon becoming one of the most popular cryptocurrency to buy last year. In fact, Safemoon went from a minute market capitalization to a multi-billion dollar asset class in a matter of two months.
As of writing, the digital token has since retreated by over 85%. This means that should Safemoon interest you – based on current prices, you can invest at a huge discount.
Once you have assessed which cryptocurrency to buy is best for your trading objectives and risk tolerance – you can then head over to PancakeSwap to complete your purchase.
If you haven't already traded cryptocurrency on PancakeSwap – follow the walkthrough below to buy Lucky Block tokens right now.
First, download and install Trust Wallet on your phone. This will allow you to buy tokens listed on PancakeSwap.
As mentioned earlier, you need BNB to buy tokens on PancakeSwap. As such, you can either transfer BNB into your Trust Wallet or make a purchase via your debit/credit card.
If you have BNB in your Trust Wallet, swap it over to the Smart Chain. Then click on 'Dapps'. Look for the PancakeSwap logo and after clicking it – confirm that you give the exchange authorization.
Now that you are connected to PancakeSwap via Trust Wallet, paste in the Lucky Block contract address.
Then, enter the number of tokens you want to buy and click on the 'Swap' button to confirm your investment.
Choosing the best new cryptocurrency to buy in 2022 via PancakeSwap can be a complex task when you consider how many projects are now in existence. However, by having a browse on Reddit, can be a great source of information.
If you're ready to buy the next best cryptocurrency to invest in for 2022 right now – check out Lucky Block. The blockchain-centric lottery project was only listed on PancakeSwap on January 26th, 2022 – so you can still gain exposure to this project early.
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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.
