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$DOGEVERSE
presale is live

11 Best Cryptos to Buy According to Reddit in May 2024

Connor Brooke
Last updated: | 16 min read
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Reddit has emerged as one of the best resources for crypto traders, providing a platform for in-depth analysis and discussion.

Even though many Redditors may be biased toward specific projects, the platform still allows eager investors to identify undervalued assets before they hit the mainstream.

With that in mind, this guide discusses the best crypto to buy right now on Reddit, showcasing a selection of top-rated cryptocurrencies before presenting a step-by-step walkthrough of how to invest in a promising crypto project today.

The Best Crypto to Buy Right Now on Reddit – List

Investors wondering how to buy altcoins must first create a watchlist of assets with high-value potential. Reddit is an excellent tool for this since retail traders are often the first to uncover ‘diamonds in the rough’ within the market.

The list below presents the best crypto on Reddit right now – all of which will be discussed in the following section:

  1. Dogeverse – Best multi-chain meme coin to buy now. $13 million raised.
  2. WienerAI – New meme token powering an AI cryptocurrency trading bot.
  3. Sealana – New meme coin, built on Solana. Based on a South Park character.
  4. Sponge V2 – New version of popular meme coin. Soared by 100x in 2023.
  5. 5th Scape – Virtual and augmented reality gaming crypto. $730%K raised.
  6. SmogNew meme coin offers huge airdrop rewards and 42% staking APYs.
  7. DeFi Coin – New cryptocurrency gives users access to liquidity pools.
  8. PancakeSwap – Native token of a popular DEX, offers yield farming options.
  9. Ethereum – #2 crypto in terms of market cap, deploys smart contracts.
  10. Bancor – Automated market maker supports seamless trades with crypto.
  11. Bitcoin – Largest cryptocurrency in the world, market cap of over $1 trillion.

A Closer Look at the Best Cryptos to Invest in on Reddit

Those who opted to invest in Bitcoin a few years back were able to get in at a low price – ensuring they could benefit from the exponential price increases that followed. Although Bitcoin’s dramatic price swings may be a thing of the past, there are still many exciting projects that could offer similar returns. Reddit is full of predictions and hype but it can be hard to sort through the vast amount of crypto-focused subreddits. So, we’ve done the hard work for you!

Let’s take a closer look at these trending ICOs and existing crypto projects, discussing what they are, how they work, and their valuation potential for the future.

1. Dogeverse – Overall Best Multi-Chain Meme Coin, Get 70% Staking APY

We have picked Dogeverse ($DOGEVERSE) as the overall best cryptocurrency, according to Reddit. While Dogeverse is a meme coin, it stands out in this niche by offering real utility to token holders. Dogeverse is one of the first Doge-themed meme coins that is compatible across six blockchains. It offers multi-bridge utility by using Wormhole and Portal Bridge technology. In the future, Dogeverse will be compatible with the Ethereum, Base, Binance, Avalanche, Solana, and Polygon blockchain.

Dogeverse presale

Thus, allowing token holders to seamlessly access a number of different networks. $DOGEVERSE also offers utility through its staking mechanism. Token holders can stake $DOGEVERSE and earn a live APY (Annual percentage yield) of up to 70%. Over 22 billion tokens are already staked on Dogeverse. This cryptocurrency has a total supply of 200 billion tokens, of which 20 billion will be distributed as staking rewards. Another 30 billion are currently being offered for the presale. At the time of writing, $DOGEVERSE is priced at $0.00031 per token. Since the presale started, Dogeverse has raised over $13 million. For more information, read the Dogeverse whitepaper and join the Telegram channel.

Presale Started April 2024
Purchase Methods USDT, ETH, BNB, MATIC, AVAX, BASE, SOL, and card
Chain Multichain
Min Investment None
Max Investment None

Visit Dogeverse

2. WienerAI – New Meme Token Offers an AI-Based Crypto Bot, $1.3M Raised

WienerAI ($WAI) is a new meme coin that leverages artificial intelligence to create a cryptocurrency trading bot. WienerAI creates a project that merges canine loyalty with advanced use cases. One of the main components of this cryptocurrency is the upcoming AI-powered trading bot. $WAI token holders can send their crypto-related queries on this beginner-friendly trading bot. The trading bot uses predictive analysis and real-time price movements to analyze the potential price changes in the crypto space.

WienerAI presale

Therefore, WienerAI puts traders ahead of the game. Furthermore, $WAI token holders can start generating a high APY (Annual percentage yield) by staking tokens on the smart contract. At press time, staked token holders will get a 633% annual yield. Due to these use cases, WienerAI is one of the top trending tokens on Reddit. From a 69 billion token supply, 20.7 billion tokens are being offered on presale. At press time, $WAI is priced at $0.000705 per token. Since the presale launched, WienerAI has raised over $1.4 million. For more information, read the WienerAI whitepaper and join the Telegram channel.

Presale Started April 2024
Purchase Methods USDT, ETH, BNB, MATIC, and card
Chain Ethereum
Min Investment None
Max Investment None

Visit WienerAI

3. Sealana – New Meme Crypto Built on the Solana Blockchain

The next top cryptocurrency according to Reddit is Sealana ($SEAL). The central figure of this cryptocurrency features an obese and lazy American Redneck seal. The seal decides to start trading cryptos, hoping to move out of his mom’s basement. This seal is inspired by the ‘World of Warcraft Guy’, a popular character from the South Park TV series. This meme cryptocurrency is built on Solana – one of the fastest and most efficient blockchains in the world. Therefore, $SEAL token holders can optimize on transaction costs and access high throughput when trading this cryptocurrency.

Sealana img

Sealana can become a top crypto due to the recent success of other Solana-based meme coins. In recent weeks, tokens such as Solama and Popcat have generated high returns. Due to Sealana’s meme dynamics, the token could offer huge gains in the long-term. To join the project, transfer SOL tokens to the following wallet address – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c. Once the tokens are transferred, Sealana will airdrop $SEAL into your crypto wallet. For every 1 SOL deposited, you will earn 6,900 $SEAL tokens. For more information, go through the Sealana Telegram channel and follow Sealana on X (Formerly Twitter).

Presale Started May 2024
Purchase Methods SOL
Chain Solana
Min Investment None
Max Investment None

Visit Sealana

4. 5th Scape – VR and AR Gaming Cryptocurrency, Raised $730K on Presale

5th Scape ($5SCAPE) is the world’s first virtual and augmented reality cryptocurrency gaming ecosystem. Through the $5SCAPE token, investors can access an exclusive selection of VR games, educational resources, and blockbuster movies.

5th Scape is working on launching immersive experiences that offer hyper-realistic gameplay. For example, ‘Cage Conquest’ will be 5th Scape’s MMA-themed VR gaming mode. Players can take part in strategic training sessions and online tournaments.

5th Scape homepage

You can also access simulations of other sports, including soccer and cricket. Through the 5th Scape store, players can purchase VR gaming headsets and chairs. These come with precise motion tracking and boast an ergonomic design. $5SCAPE token holders get discounts on all the products available.

$5SCAPE has a total supply of 5.21 billion. 80% of the token supply has been set aside for the ongoing presale, which will consist of 12 rounds. Currently, $5SCAPE is priced at just $0.00187 per token. Since the presale started, 5th Scape has raised more than $730K.

The presale hard cap target is set at $15 million. For more information, go through the 5th Scape whitepaper and join the Telegram channel.

Presale Started Jan 2024
Purchase Methods ETH, USDT, MATIC, BNB, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit 5th Scape

5. Sponge V2 – Popular Reddit Crypto Meme Coin That Brings High APY And a Racing Game

Sponge V2 is the next best Reddit coin at the moment, offering over 187% annual percentage yield on staking. However, this isn’t a new meme coin in the crypto space. In fact, this is an upgrade of the Sponge V1 token that already saw massive gains of over 100x from its presale prices, reaching over $100 million market cap at its peak. Even after a brutal bear market, the Sponge V1 token is still showing price resilience.

Here’s how to grab your Sponge V2 tokens: you stake $SPONGE tokens on the Sponge V2 website and you get $SPONGEV2 tokens in return. If you don’t have $SPONGE, connect your Ethereum wallet, such as MetaMask, to the Sponge V2 website and use ETH or USDT to get your tokens.

Sponge V2 token presale

Once you’re done, stake your tokens to earn a generous APY of over 187%. This means you earn more tokens while you wait for the presale to end. However, this APY is likely to drop as more tokens are staked, making it prudent to stake early on.

There will be a total supply of 150 billion tokens, according to the Sponge V2 whitepaper. Almost half of those are dedicated to the staking rewards, while the rest will be used to bridge the $SPONGE tokens, for CEX liquidity, marketing and game development.

The team has a straightforward project roadmap in three stages. Stage one is the launch of the website and staking rewards, the next stage will see the token claim and listing, while the final stage will launch the Sponge racing game.

Given the success of the Sponge V1 token, the Sponge V2 token has the potential to follow its footsteps.

For additional information about this hot Reddit ERC20 coin, follow Sponge V2 on X and check out the Sponge V2 Telegram channel. Also, you can join the Sponge V2 Discord channel if you have any questions.

Presale Started Dec 2023
Purchase Methods ETH, USDT, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit Sponge V2

 

6. Smog – New Meme Coin With a High Staking APY of 42%

Some Redditors believe Smog ($SMOG) could be a potential investment opportunity. It is a hot new token on Solana that has quickly gained huge investor interest with its impressive market performance and high community rewards.

Since its launch on the Jupiter DEX on February 7, 2024, $SMOG’s initial price of $0.001419 jumped to a peak market cap of over $100 million. It has since stabilized to around $0.0697 with a current market cap of over $56 million.

Smog Crypto Homepage

Smog offers massive staking rewards with a 42% APY on staked assets. It also has an airdrop campaign, with 490 million of its 1.4 billion tokens reserved for airdrops.

This strategy encourages short-term and long-term investment, supported by 50% of the token supply allocated for marketing to maintain global interest and engagement.

The project’s long-term plan includes expanding its listing to major exchanges to improve liquidity and accessibility.

Smog’s launch without a presale phase shows its commitment to fair access, making it an attractive option for buyers looking for high-potential, recently listed cryptos.

Those interested in learning more about the platform, including roadmap, tokenomics, and plans can read the Smog whitepaper. Users can also enter the Smog Telegram group and follow it on X (Twitter) To interact with the community.

Visit Smog

7. DeFi Coin (DEFC) – Leading DeFi Token Offering Passive Income Potential

Those looking for the best crypto to buy right now on Reddit within the decentralized finance (DeFi) niche should consider checking out DeFi Coin. DEFC is the native token of DeFi Swap, a new decentralized exchange (DEX) that offers static rewards, automatic liquidity pools, and token-swapping services.

DEFC holders receive regular income through the aforementioned static rewards system. A tax of 10% is levied on DEFC-based transactions, with 5% of this amount being distributed back to token holders. The remaining 5% is used to provide liquidity to the DeFi Swap exchange.

DeFi coin candlestick chart

In addition, DeFi Coin also has an integrated ‘manual burn’ mechanism designed to reduce the token supply over time. Unlike other projects, the exact number of tokens to be burned will be decided by DEFC’s development team through discussions with the community – ensuring the proposed solution suits all parties.

At the time of writing, DeFi Coin’s price is hovering around the $0.0024 level – substantially lower than September 2021’s highs. However, many believe this is an ideal opportunity to acquire DEFC tokens at a discount before the crypto market picks up steam once more.

 

8. PancakeSwap (CAKE) – Popular DEX Regularly Discussed on Reddit

PancakeSwap is a leading DEX focused on BEP-20 tokens hosted on the Binance Smart Chain (BSC). The exchange has become a go-to for investors interested in yield farming due to its high staking rewards and low fees.

CAKE is the native token of the PancakeSwap exchange, which can be used in the offered ‘syrup pools’ to generate rewards. The token is crucial to providing the liquidity needed to facilitate token swaps since PancakeSwap operates as an automated market maker, doing away with the traditional order book method.

CAKE token candlestick TradingView chart

Thanks to CAKE’s utility, it has become a popular token on Reddit over the past year, leading to it being listed on several centralized exchanges (CEXs), including Binance, Huobi, and Gate.io.

As the crypto market continues to grow and DeFi begins to take over, PancakeSwap is expected to increase in size – meaning investing in CAKE could prove to be a wise move over for long-term crypto investment.

9. Ethereum (ETH) – Respected Blockchain Network with Major Upgrade Scheduled

No discussion of the best crypto to buy now Reddit would be complete without mentioning Ethereum. As noted by CoinMarketCap, Ethereum remains the world’s second-largest cryptocurrency, boasting a market cap of over $188 billion.

Many investors on Reddit are clamoring to buy Ethereum ahead of ‘the Merge’, which refers to the upcoming transition to a Proof-of-Stake (PoS) consensus algorithm. This transition will make the Ethereum network much more scalable, helping reduce the high GAS fees which have plagued it over the past year.

ETH token candlestick TradingView chart

The move to ‘Ethereum 2.0’ can only be good news for ETH investors, as the hope is that it will attract more dApp developers than ever to the network. This will increase demand for ETH, helping push the price higher. Since Ethereum is still trading well below November 2021’s all-time highs, this may be the ideal time to obtain ETH at a discount.

10. Bancor (BNT) – Top DeFi Protocol Trading at a Discount

Bancor is another DeFi protocol popularized through Reddit thanks to its automated market maker (AMM) approach. Much like other protocols, Bancor uses smart contracts to facilitate trades without an intermediary through ‘liquidity pools’.

However, Bancor differentiates itself by offering protection from ‘impermanent loss’. This is achieved by matching users’ liquidity pool deposits with BNT, Bancor’s native token, which enables users to be partially or fully compensated in the unlikely instance that they lose funds.

BNT candlestick TradingView chart

Unfortunately, Yahoo Finance reported in July that Bancor’s total value locked (TVL) dropped by around 30% after the protocol paused this impermanent loss protection. However, this protection service is expected to be upgraded and resume in the future – with many Redditors believing this could be a catalyst for tremendous growth.

11. Bitcoin (BTC) – World’s Largest Cryptocurrency Set for a Rebound

Bitcoin remains one of the most talked-about cryptocurrencies on Reddit, even after its dramatic fall from grace in recent months. It’s important to note that BTC’s price decreases appear to be related more to external economic events than the technology itself.

This means Redditors continue to invest in Bitcoin, hoping for a rebound soon. Bitcoin is by far the most-adopted digital currency worldwide, meaning it’s the most in-demand crypto – providing a platform for a future rebound.

BTC candlestick TradingView chart

Another factor that may hint at a reversal in fortunes is that the Fed looks to be easing its aggressive monetary policy. Interest rates have continued to rise to combat inflation, which has taken its toll on cryptocurrencies like Bitcoin. With these rate increases slowing (or stopping altogether), BTC and other crypto-assets are primed to benefit. Some analysts have suggested that the Bitcoin price prediction for 2025 could see the world’s largest PoW coin climb back up to its ATH of $68.8k in November 2021.

Best Reddit Crypto Groups

Reddit crypto groups, referred to as ‘subreddits’, are a place for crypto investors to come together and discuss anything and everything related to the digital currency markets. Discussions often revolve around the best crypto to buy on Reddit and the projects with the highest potential.

Presented below are four leading Reddit crypto groups that investors can participate in to identify cryptocurrencies that could explode in the future:

r/CryptoCurrency

One of the top places to find the best crypto on Reddit is r/CryptoCurrency. This subreddit has almost 6 million members and has been operating since March 2013. All market areas are covered on r/CryptoCurrency, ranging from altcoins to metaverse tokens.

r/cryptocurrency subreddit

The ‘Daily General Discussion’ thread is a great way to find popular crypto projects since this thread is updated every day with the latest information. Users can also filter the threads by the ‘Discussion’ flair to quickly find serious and objective analyses of cryptos.

r/binance

As the name suggests, r/binance is a subreddit dedicated to the world’s largest cryptocurrency exchange, Binance. This exchange lets users trade over 350+ cryptos, and has a daily trading volume of more than $7 billion.

However, although many threads focus on exchange-related topics, Redditors still use this subreddit to highlight their opinions on specific coins.

Since the best crypto to buy on Reddit are often listed on Binance, discussions tend to gravitate toward price predictions for altcoins, DeFi tokens, and other digital assets. Beginners will also find r/binance helpful since the community seems more than happy to help with any questions.

r/SatoshiStreetBets

r/SatoshiStreetBets occupies a unique position regarding subreddits since it combines real-world analysis with humorous memes. As its name implies, this subreddit draws inspiration from the super-popular r/WallStreetBets community, which has over 12.5 million members.

r/satoshistreetbets subreddit

Unlike r/WallStreetBets, r/SatoshiStreetBets focuses exclusively on cryptocurrency. More specifically, this subreddit tends to lean towards penny cryptos and those with high potential rather than ‘established’ cryptos like BTC and ETH.

r/CryptoMarkets

Finally, r/CryptoMarkets is also a great place to identify the best crypto to invest in on Reddit for those with a bit more market experience. This is because r/CryptoMarkets often presents in-depth discussions that may be difficult for newcomers to understand.

Redditors will usually post articles from Bloomberg and other high-profile media outlets to support the points made. In addition, a significant portion of the threads is devoted to technical analysis, with clear reasoning given for users’ predictions.

Best Crypto to Buy Right Now on Reddit – Conclusion

To summarize, this article has discussed the best crypto to buy right now on Reddit by presenting projects with high-value potential that is loved by Redditors. We’ve also explored some leading Reddit crypto groups before providing a quick overview of the investment process.

The best crypto right now is Dogeverse. This new meme coin offers multi-bridge utility with six blockchain networks. The $DOGEVERSE token can also be staked to generate a high annual yield. Dogeverse has raised over $13 million since its presale launched.

Visit Dogeverse

FAQs

What is the best crypto to invest in on Reddit?

Many Redditors are raving about the new coin Dogecoin20. The cryptocurrency has raised close to $2 million since the start of its presale.

What cryptos do Reddit users recommend?

One of the top recommended cryptos right now is Dogeverse ($DOGEVERSE). This hot new meme coin offers multi-chain compatibility, and has raised over $13 million on presale.

 

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.