Before investing in cryptocurrencies, it is very important to research which altcoins have the highest growth potential. The list below contains the 7 most liked altcoin projects on Reddit.
7 altcoins popular on Reddit
- Polkadot (DOT) is one of the best altcoins for solving the interoperability problem according to Reddit users. As a multi-chain network, Polkadot allows individual networks to share information, greatly increasing scalability.
- APY.Finance (APY) is a relatively new member of the market. In short, it is a yield aggregation protocol that helps users find the best rates on various DeFi platforms. It’s been mentioned several times on the r/DeFi subreddit.
- Ripple (XRP) is among the best cryptos to invest in on Reddit due to its potential to radically change how cross-border payments are made. While it has been through some tough times recently due to the ongoing lawsuit with the SEC, rumors that the lawsuit is going better than expected are heating up, causing many Reddit users to expect a significant price increase from XRP.
- Ethereum (ETH) is another option for the best crypto to buy according to Reddit users. Unlike Bitcoin, Ethereum is not used as a way to send money and instead focuses on providing a platform for developers to build dApps in many different industries. Much of Reddit’s controversy surrounding Ethereum is based on the network’s high gas fees, which hinders NFT trading.
- Avalanche (AVAX) is a smart contract platform consisting of three different networks: Exchange Chain, Contract Chain and Platform Chain. The network’s native cryptocurrency, AVAX, has gained a solid following on social media, with a dedicated subreddit discussing its use cases and price trajectory. Considering that it has climbed over 1400% in the second half of 2021, it has incredible potential once the market starts to recover, according to Reddit users.
- Shiba Inu (SHIB) was one of the top meme coins of 2021, leveraging the success of Dogecoin. It has over 470,000 members on the r/SHIBArmy subredddit. In addition, as we reported as Kriptokoin.com, it is preparing to do great things in the metaverse and DeFi market in the near future.
- Internet Computer (ICP) is a relatively complex protocol that aims to decentralize the computing industry and provides an alternative to Amazon and Microsoft Azure. The protocol’s native token, ICP, can be used to vote on governance proposals and pay network fees. However, as more and more legacy systems become decentralized, additional demand for ICP is naturally expected.
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