crypto trending on RedditDespite the broader market correction, investor interest is still high, and the hotbed for crypto talk remains the social media platform, Reddit. The platform continues to provide insightful information about the best penny cryptocurrencies that are currently on the rise and the hottest news coming straight from the crypto market. So we’ve compiled a list of some of the top crypto trending on Reddit.

1. Lucky Block (LBLOCK)

Kicking off the list of crypto trending on Reddit is LBLOCK. The digital asset underpins the Lucky Block ecosystem – an online gaming platform that allows investors to enjoy easy access to its suite of games. Lucky Block launched in 2021, and it has become one of the most popular gaming platforms in the entire crypto market.

LBLOCK Price ChartWith blockchain technology, Lucky Block promotes fairness and transparency in transactions. LBLOCK was launched in 2022 and has seen massive investor attention with over 50,000 holders.

At press time, LBLOCK trades at $0.001399 and has recorded a 40% increase in the past month.

The gains in LBLOCK are primarily due to activity in Lucky Block’s ecosystem. Last month, the platform’s developers announced a jackpot prize pool and non-fungible token (NFT) giveaway, promising millions of dollars to winners.

The LBLOCK prize pool comes with a $1 million giveaway. Lucky Block sells the tickets to partake in the draws for $5. The draw began on Monday, and the platform has announced two winners.

Lucky Block is also hosting an NFT giveaway. Users who have the Platinum Rollers Club NFTs stand a chance to win $1 million. Winners have also been announced, making Lucky Block one of the best options for investors looking to invest in cryptocurrency.

Cryptoassets are a highly volatile unregulated investment product.

2. Bitcoin (BTC)

Bitcoin is the market’s leader. So, it is no surprise that it features among the crypto trending on Reddit.

BTC Price ChartCurrently, BTC trades at $30,342. This is a drop of 3.52% in the past month.

Despite the decrease, Bitcoin remains one of the world’s most profitable investments. The asset’s prospects remain optimistic, especially with the Central African Republic’s recent adoption (CAR).

The Central African Republic has now joined El Salvador in making Bitcoin legal tender, demonstrating that the asset can help alleviate global poverty. This should be huge adoption news as the market strives to regain its bullishness.

Cryptoassets are a highly volatile unregulated investment product.

3. Ethereum (ETH)

ETH powers the Ethereum blockchain, which is arguably the most preferred platform for decentralised application (dApp) developers.

ETH Price ChartWith a price of $1,795, ETH trades down by 22.5% in the past month.

The most promising change is the transition to Ethereum 2.0, which will see Ethereum fully adopt the proof-of-stake (PoS) consensus method. The ETH 2.0 mainnet is anticipated to go live today on the Ropsten testnet, Ethereum’s oldest and most important platform for blockchain development testing.

A new Beacon Chain for ETH was also released in late May, demonstrating that the blockchain’s developers remain devoted to successful development. For the time being, all indications point to ETH 2.0 becoming fully operational by the end of the year.

Cryptoassets are a highly volatile unregulated investment product.

4. FTX Token (FTT)

Although not a pure-play crypto asset, the FTX Token has made it into the list of crypto trending on Reddit. Launched as a discount token for the top Bitcoin exchange, FTX, and has been merged into many of the trading platform’s activities.

FTT Price ChartFTT, the exchange’s token, currently trades at $28.09 – a drop of 10.2% in the past month.

FTX is renowned for its acquisition prowess, and the Bitcoin exchange, backed by young crypto billionaire Sam Bankman-Fried, has continued to generate positive reactions. According to a recent announcement, FTX has partnered with German automaker and Formula 1 (F1) constructors’ champion Mercedes Benz.

According to the terms of the agreement, FTX will be partnering with the Mercedes-AMG arm associated with the F1 sport. FTX will help the German sports and luxury car maker launch a series of NFT collections as well as an integration of the FTX Pay infrastructure for users willing to pay for races using digital assets.

As a result, FTX will benefit from the agreement by having its emblem emblazoned on AMG cars and team drivers’ jerseys. As investor interest in FTT rises, this could be an excellent opportunity to invest.

Cryptoassets are a highly volatile unregulated investment product.

5. Solana (SOL)

Rounding up our list of crypto trending on Twitter is Solana, a high-performance, censorship-resistant smart contract network.

SOL Price ChartSporting a dual consensus infrastructure of both PoS and proof-of-history (PoH) timing mechanisms, Solana processes a base minimum of 50,000 transactions per second (TPS).

The popular Ethereum rival is also prominent for its low-fee structure, allowing users and decentralised applications (dApps) to process transactions for as low as $0.00025.

Solana’s SOL token currently trades at $39.29 – a drop of 40.7% in the past month.

Solana’s growing adoption is becoming more apparent by the day and more investors want to buy Solana. In recent fundamental news, the premier decentralised oracle network (DON), Chainlink, has tapped Solana, as the protocol continues its expansion drive. According to a tweet, Chainlink’s integration with the Solana mainnet is in a bid to foster the development of scalable and secure Web 3 solutions.

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

This article has identified some of the promising cryptocurrencies trending on Reddit. While several are well-known projects, Lucky Block is a relatively new entrant. However, the gaming platform’s explosive growth in the last couple of months makes it our top pick for the top crypto trending on Reddit.

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