Reddit is a popular social news aggregator. The website dubs itself the “front page of the internet” and is a network of communities where users can discuss their interests. Today, Reddit has become one of the best sources of information concerning cryptocurrencies. This review examines the best Reddit cryptocurrency to buy for high returns in June.
1. Lucky Block (LBLOCK): The Overall Best Reddit Coin
Kicking off our list of the best Reddit cryptocurrency is LBLOCK – the native token for the Lucky Block ecosystem. Lately, Lucky Block has been in the news following the euphoria that surrounded its inaugural crypto jackpot.
Yesterday, the crypto games platform announced the winners of the first prize draw and NFT giveaway. Two lucky players won $1 million each, and Lucky Block is committed to giving away even more prizes. The network has begun making payments to the winners.
Yesterday we had an amazing day!
First Jackpot and NFT draws, 2 lucky people won $1,000,000 each!
Here's proof of first daily payments: https://t.co/In9doweJcihttps://t.co/eOWmwsGXXQ pic.twitter.com/3BMLLbXDdK
— Lucky Block (@luckyblockcoin) June 1, 2022
As part of their marketing spree, Lucky Block enlisted platinum-selling rapper Swae Lee to help unveil the winners.
NFT draw with @SwaeLee!
401 is a winner of NFT!
873541 is a winner of main jackpot!
Congrats to the winners and thank you all for participating! https://t.co/Scae1i3Rpx
— Lucky Block (@luckyblockcoin) May 31, 2022
Earlier this week, tickets for the crypto prize draw were launched. Ticket sales have been impressive. Over 23,000 tickets were sold yesterday.
Players can qualify for the prize draw for free if they hold more than $500 worth of LBLOCK tokens. Also, they can purchase a ticket worth $5 or by sending a postcard to claim a free ticket.
Ready to buy your ticket for the prize draw? Head over to the Lucky Block web app right now.
Don’t have any LBLOCK to buy a ticket with? You can visit the Buy Lucky Block page where you can buy Lucky Block direct with fiat.
Essentially, Lucky Block is an innovative online gaming platform that uses blockchain technology. The platform strives to provide a level playing field for all players. LBLOCK, the platform’s native token, powers all of its activities, allowing users to enjoy easy access to the games in the ecosystem.
At press time, LBLOCK trades at $0.0017. LBLOCK is still riding an impressive 100% gain from the past week and its price chart shows the token is preparing for an uptrend. For more information on Lucky Block price predictions, check out our analysis page.
Cryptoassets are a highly volatile unregulated investment product.
2. Bitcoin: The Market’s Undisputed Leader
It is no surprise that Bitcoin (BTC) features on our list of the best Reddit cryptocurrency to buy for high returns. The digital asset remains the most valuable cryptocurrency in the market, and moves with its price would affect those of other coins.
With Bitcoin regaining the $30,000 price peg, investor attention has returned to the digital asset.
There have been several debates on Reddit regarding Bitcoin being in for a much bigger push very soon. Crypto bulls have pointed to the recent news that Towerbank – one of Panama’s largest financial institutions – has now signaled support for crypto and would allow crypto-holding customers to conduct crypto activities freely with their holdings.
¡Hola comunidad #Crypto !
— Towerbank (@Towerbank) May 28, 2022
At press time, Bitcoin trades at $31,603 – down by 0.5% in the past 24 hours.
Cryptoassets are a highly volatile unregulated investment product.
3. Terra (LUNA): Rising After an Infamous Crash
LUNA has been in the news for the better half of May following its epic stablecoin collapse.
Terra was one of the biggest contributors to the recent crypto crash, with the ecosystem’s major UST stablecoin depegging from the dollar and the LUNA token losing over 99.5% of its value in a single day.
However, following a lengthy community vote, Terra implemented a new blockchain last week, launching a new coin, and hoping to leave the mishap of last month behind.
The new token, also called LUNA, currently trades at $7.07. The asset is down by 25% today, but such price swings remain natural for a newly-launched coin.
Reddit investors remain anxious about what the future could hold for LUNA, although sentiment remains highly positive. Top crypto exchange Binance completed the airdrop of LUNA tokens to holders yesterday, suggesting that support among the broader crypto community is still high.
Cryptoassets are a highly volatile unregulated investment product.
4. Dogecoin: Battle of the Meme Coin Lords
Dogecoin is one of the best meme coins in the market. The asset owes part of its prominence to Reddit, with Redditors driving its price close to $1 before the market crash around May 2021.
Still, DOGE has maintained its position as a large-cap coin. Its price stands at $0.0866 – up by 0.80% in the past 24 hours.
The recent discussions surrounding DOGE on Reddit are centered on a Twitter feud between Dogecoin founder Jackson Palmer and Tesla CEO and DOGE promoter Elon Musk. Palmer had claimed that he could take out all Twitter boots with a single Python script, while Musk has publicly called for Jackson to release the script and open it up to scrutiny.
My kids wrote better code when they were 12 than the nonsense script Jackson sent me.
Like I said, if it’s so great, he should share it with the world and make everyone’s experience with Twitter better. If he does, you will see what I mean.
Jackson Palmer is a tool.
— Elon Musk (@elonmusk) May 31, 2022
Cryptoassets are a highly volatile unregulated investment product.
5. FTT: Building on FTX’s Recent Successes
FTT features last on our list of the best Reddit cryptocurrency to buy for returns. The digital asset underpins FTX – the third largest crypto exchange in the world by daily trading volumes.
Trading at $28.58, FTX is down by 1.24% in the past 24 hours. This is in line with many large-cap coins that seem to be adjusting after entering this week on a bullish note.
Redditors are excited about FTX and its expansion plans. Earlier today, reports revealed that investment banking giant Goldman Sachs is working on onboarding some of its derivatives products into FTX.US.
[DB] Goldman Sachs is in talks with crypto exchange FTX to integrate some aspects of their derivatives businesses: Barrons
— db (@tier10k) May 31, 2022
The banking giant is rumored to be working with FTX over regulatory assistance and possibly help with a public listing. However, by leveraging some of FTX’s market-leading derivatives, Goldman Sachs could take a significant step towards bolstering its crypto derivatives offering to its clients.
Cryptoassets are a highly volatile unregulated investment product.
Conclusion – Reddit Cryptocurrency to Buy for High Returns in June 2022
With the crypto market starting the week on a relatively bullish note, prospective investors are flooding Reddit looking for market information. If you’re looking to invest, Reddit is a great platform to find out investment details about cryptocurrencies.
To conclude, our overall best reddit cryptocurrency to buy is Lucky Block.
Related Crypto News
Lucky Block - Undervalued Crypto
- Listed on Gate.io, LBank, MEXC, PancakeSwap
- NFT Competitions, Jackpot Draws
- Powers Casino & Sportsbook Platform - luckyblock.com
- 10,000 NFTs Minted
- $2M+ in Prizes Awarded