Although crypto markets are more volatile than traditional assets, they react similarly to positive or negative sentiment online.
Social media applications play a pivotal role in the spread of this information. Reddit is a key player, comprising chat threads where community members can share opinions, post tips, and have open discussions about the best crypto to invest in.
Being such a powerful tool for investors, this article aims to provide insights on some of the best crypto to buy according to Reddit, with Slothana, 5th Scape, and Sponge being among the most popular.
The best-trending cryptos on Reddit in 2024
Below is a list of some of the best-trending coins on Reddit. Our research team has scouted various popular Reddit threads, searching with coin tickers and hashtags to find information and community sentiment on the following crypto projects.
- Dogeverse (DOGEVERSE): Top trending cryptocurrency in 2024. Dogeverse is the first multi-chain meme coin. $13M raised on presale.
- WienerAI (WAI): A new meme coin leveraging artificial intelligence to generate a crypto trading bot. Get up to 741% in staking yield.
- 5th Scape (5SCAPE): new virtual reality gaming ecosystem. 5th Scape provideS hyper-realistic environments for immersive digital experiences.
- Sponge (SPONGE): This meme coin did 100x upon launch in 2023. The new $SPONGE V2 has added staking utility and plans to launch the Sponge P2E Racer game.
- Smog (SMOG): Claims to be offering the greatest Solana airdrop of all time. It is a fair launch, multichain token on Ethereum and Solana.
- eTukTuk (TUK): Seeking to create a sustainable transport solution in developing nations. This project aims to roll out a fleet of eTukTuks and a network of power charging stations.
- Slothana (SLOTH): Solana network meme coin holding an “airdrop presale” which has already raised over $8 million.
- Bitcoin (BTC): The market-leading crypto by market cap. Worldwide, Bitcoin is considered the new age ‘digital gold’.
- NEAR Protocol (NEAR): A highly scalable blockchain with high throughput and ultra-scalable for decentralized applications.
A closer look at the best crypto to buy according to Reddit
Our research team spent several hours researching each project and scouring Reddit to gauge the community sentiment. Below, we take a closer look at some of the cryptocurrencies to watch in 2024.
Please note that the following project reviews are based on community posts and information shared by Reddit users and in no way guarantees profits or investment returns.
1. Dogeverse (DOGEVERSE): Best Multi-Chain Meme Coin, $13M Raised
We have picked Dogeverse ($DOGEVERSE) as the best meme cryptocurrency, according to Reddit. This crypto token has been trending since it was the first Doge-themed coin to offer multi-chain compatibility.
Using Portal Bridge and Wormhole technology, Dogeverse will be compatible with six blockchains. These include Ethereum, Solana, Avalanche, Polygon, Binance, and Base. Therefore, $DOGEVERSE token holders can pick the network offering the most security, scalability, and fastest transaction speeds.
This is also a trending cryptocurrency due to its passive income-earning opportunities. The $DOGEVERSE token can be staked on the smart contract to generate a high APY (Annual percentage yield). At the time of writing, you can stake $DOGEVERSE to earn a 75% APY.
From a total supply of 200 billion tokens, 30 billion are being allocated for the presale. In just a few months since the presale launched, Dogeverse has raised more than $13 million. The project aims to raise a $17 million hard cap by the end of the presale.
At the time of writing, $DOGEVERSE is priced at $0.00031 per token. For more information, read the Dogeverse whitepaper and join the Telegram channel.
Pros
- Offers multi-chain compatability
- Raised more than $13 million on presale
- Get up to 75% in staking yield
Cons:
- Meme coins can be volatile investments
- Staking yield will decrease over time
2. WienerAI (WAI): New Meme Coin Launching an AI Trading Bot, Get a 741% Staking Yield
The next cryptocurrency on our list is WienerAI ($WAI). This is a new meme coin that uses artificial intelligence to create a cryptocurrency trading bot.
While WienerAI’s central figure features a charming sausage dog, this meme token offers real utility to $WAI token holders. To start with, token holders can access the WienerAI trading bot.
On this beginner-friendly and instant bot, users can enquire about the future price of various digital assets. The bot uses predictive algorithms to scan the markets for potential entry points. WienerAI will also provide the best available prices across the top decentralized exchanges.
Furthermore, $WAI can also be staked to generate an annual yield of up to 741%. 1.39 billion tokens have already been staked on the smart contract. As more tokens are staked, the annual yield will decrease.
From a 69 billion token supply, WienerAI is offering 30% of the tokens through the presale. At press time, $WAI is priced at $0.000704 per token. The presale has raised over $1.2 million in just a few weeks. Another 20% of the supply will be offered through staking rewards.
Learn more about this cryptocurrency by reading the WienerAI whitepaper and joining the Telegram channel.
Pros
- Raised $1.2M since presale launch
- Offers AI-powered trading signals
- Get up to 741% annual yield through the staking mechanism
Cons:
- Highly volatile investment
- No platform features have released yet
3. 5th Scape (5SCAPE): Virtual reality gaming and experiences in “hyper-realistic” environments
5th Scape is an emerging GameFi cryptocurrency project that is at the crossroads of VR gaming and immersive digital experiences.
The 5th Scape gaming realm will be compatible with the Meta Quest VR headset, however, the project aims to launch its own ‘Ultra VR Headset’ paired with the ‘SwiftScape VR Chair’, later in its roadmap timeline.
Our analysts highlighted that 5th Scape could be one of the best GameFi tokens in the VR gaming niche if the product proves to be of high caliber.
Similarly, one Reddit user spotlighted 5th Scape among 3 projects that they think ”will potentially fly to the moon”.
In the current presale round, the price of $5SCAPE is $0.00285, and you can swap either $ETH, $MATIC, $BNB, or, $USDT. 5th Scape also offers a card payment option, which requires you to complete a risk questionnaire to check your level of investment knowledge.
With its low price and high potential, our experts see 5th Scape as one of the best cryptos under a penny available this year.
However, we found that a user in the r/BonkCoin subreddit had some issues surrounding very high gas fees on the Ethereum network and queried about paying on a card.
In the thread, a user commented that 5th Scape potentially is a scam, as there is no beta release of their product. The original poster replied with a video of 5th Scape’s behind-the-scenes Fight Club trailer for the MMA Cage Conquest game, which can be viewed here.
Pros
- Major recent developments in VR and Blockchain
- Free basic lifetime access to the 5th Scape gaming realm
- Crypto presale which is under a penny
Cons:
- No beta version of the games
- Proprietary hardware is not yet developed
4. Sponge (SPONGE): Previous 100x meme coin with over 50,000 holders
Sponge is back, having bridged over to its version 2.0 smart contracts. The Sponge token was one of the best meme coins of 2023, seeing an explosive 100x price surge.
Now, Sponge is making a return with added utility. Most notably, the project introduces staking on both the Ethereum and Polygon networks, with the latter offering over 350% annual rewards.
The team has also announced the development of the Sponge Racer play-to-earn game. The game will have both free and paid versions, with the paid version offering the possibility of earning $SPONGE rewards.
Our research team searched for the top Reddit posts on Sponge and found that one Reddit user shared news on ChatGPT’s price outlook for the project. According to the article, ChatGPT predicts that $SPONGE’s price could reach the $0.005 to $0.007 range if it successfully launches its P2E game and continues to attract more users while retaining token holders.
Another user posted a SolScan link questioning if this particular version of Sponge is legitimate. Our team established that there was no affiliation with Sponge token, as $SPONGE is only on Ethereum and Polygon networks. Our research team would like to highlight this scenario as a demonstration of why you should always do your own research on tokens.
Pros
- Reached over 50K holders
- Launching Sponge P2E Racer game
- Under $100M market cap
Cons:
- Traders may steer towards newer meme coins
- The previous 100x doesn’t indicate future price
5. Smog (SMOG): Fair launch token which hit over 20x price increase
Smog is one of the biggest meme coins in 2024, having exploded in price during the March meme coin rally. This highly anticipated project claimed to give its community of token holders ”the greatest Solana airdrop of all time”.
One Reddit user confirmed in a post that they received an airdrop of $SMOG tokens, with other users saying that they have also received $SMOG in their Phantom Wallet. Another user post questioned if the airdropped $SMOG token they have received is legitimate, asking for community opinions.
$SMOG was fair launched on Jupiter DEX in February 2024. The price quickly reached highs of $0.08 and then found support at the $0.05 range. During the Solana meme coin frenzy in March, $SMOG had a major price run, reaching its all-time high of $0.37.
Currently, $SMOG is floating around the $0.15 range and could be set for another explosive rally if the Solana meme hype is reignited.
Pros
- Receive airdrops for holding $SMOG
- Possibility to see a major price run in the meme coin rally
Cons:
- Meme coins tend to be more volatile
- No guarantee of project longevity
6. eTukTuk (TUK): Aiming to develop smart city infrastructure for electronic tuk-tuks
eTukTuk is a new crypto project launching on the Binance Chain and currently holding its presale. The project has raised over $2.5 million so far, receiving vested interest from AsiaTokenFund Group among other notable VC investors.
Our researchers found one post in the r/NextBullCrypto subreddit where the user argued that eTukTuk could potentially be 10x in value as it targets a viable niche and industry sector that requires evolution. They also argued that it has a sustainable ‘circular economy’ business model comprising a blockchain ecosystem for charging and payment to support drivers.
At the center of the project is the $TUK token, which will be used as a transaction currency within the project ecosystem and can be used to pay for charging power. eTukTuk plans to release a drive-to-earn game in which tuk-tuk drivers can earn an extra income stream in $TUK by completing passenger drop-offs.
Our team has identified eTukTuk as a project to watch. The project’s aims to improve air quality by revolutionizing sustainable transport systems are unique in the crypto space, which could be highly valuable in terms of its success.
Pros
- Revolutionizing sustainable transport systems
- Targets developing nations where infrastructure can be built out
- Innovative ‘Crazy Taxi style’ drive-to-earn game
Cons:
- No expected timeline for the whole ecosystem rollout
- Corruption in developing nations could hinder infrastructure developmen
7. Slothana (SLOTH): Solana meme coin conducting a unique airdrop presale
Slothana is the latest meme coin launching on the Solana blockchain. The project has left the crypto community in anticipation as it conducts its mysterious ‘airdrop presale’, with no announced hard cap or launch date.
The presale offers Slothana tokens at a fixed price of 1 $SOL for 10,000 $SLOTH, and participants must simply wait for the airdrop. Our team noticed a trending Reddit post on the r/Solana subreddit, where one crypto investor questioned this presale ‘airdrop model’.
The Slothana account on X has removed any doubt and uncertainty expressed by the crypto community, confirming that the airdrop will take place after the presale reaches its ‘lazy conclusion’.
“>
Fellow sloths! 🌿🦥 A quick update from your favorite crypto connoisseur: I hear some of you are getting antsy about those Slothana tokens! 😅 Fear not, my slovenly supporters! The token drop will happen once our presale reaches its lazy conclusion.
— Slothana (@SlothanaCoin) March 28, 2024
Moreover, one crypto analyst on Reddit highlighted $SLOTH in a list of the best upcoming ICOs on the Solana network.
Aside from Reddit, the Slothana team has become quite active on X (Twitter), polling over 6,000 members on whether $SLOTH should launch on DEX only, or, steer towards listing on top-tier centralized exchanges like Binance or OKX.
Our research analysts spotted that Binance is the only account Slothana follows on X, possibly hinting at the aspiration to be listed on one of the crypto market’s leading exchanges.
Pros
- The project has raised over $8 million
- Solana meme coins are in the spotlight
- $SLOTH has a fixed price
Cons:
- Anonymous founder
- Unknown hard cap, launch, or airdrop date
8. Bitcoin (BTC): The crypto markets ‘digital gold’ and leading crypto by market cap
Bitcoin is the crypto market’s number-one cryptocurrency and the most well-known digital currency worldwide. For non-savvy investors looking to get into the crypto markets, Bitcoin is usually the go-to, often referred to as ‘digital gold’.
A recent post on Reddit shared information about Genesis, a distressed crypto-lending firm that acquired $2.1 billion of additional Bitcoin. The company sold off around 36 million shares of the Greyscale Bitcoin Trust (GBTC) in exchange for Bitcoin, which is in their custody.
Another user post in the r/Bitcoin subreddit raised discussions about what will happen when Greyscale stops selling its Bitcoin. The user queries whether financial giants like Blackrock and Fidelity will continue buying Bitcoin at the same rate they currently are once Greyscale runs out of Bitcoin to sell. They go on to question whether Blackrock and other financial giants will need to inform the public if they plan to sell their Bitcoin holdings.
The overall analogy is if TradFi powerhouses continue buying at the rapid rate they are, then what is stopping Bitcoin from hitting $300,000 in this current bull cycle?
The Bitcoin blockchain will have an upcoming halving event, which will see Bitcoin mining rewards slashed in half due to the increasing difficulty of mining Bitcoin. This factor has likely heightened institutional interest as the supply of new Bitcoin entering circulation becomes thinner, while public demand is increasing.
Pros
- Classified as the new age ‘digital gold’
- The leading crypto by market cap
- Spike of institutional interest in Bitcoin
Cons:
- Less chance for multiple ROI
- Costly to transfer and send
9. NEAR Protocol (NEAR): High throughput blockchain with fast and cost-efficient transactions
NEAR Protocol has seen explosive price action in the current bull market cycle, from around $1 in October 2023 to $9 in Q1 2024. The token’s price has recently stabilized at around the $6-7 range.
Recently, NEAR has been expanding its blockchain use case, welcoming a new batch of decentralized applications. One standout dApp is the HERE wallet, a self-custodial wallet for NEAR Protocol with a built-in DEX aggregator, staking features, and weekly airdrops.
A quick Reddit search found one post in the r/Solana subreddit that queried whether $NEAR is the next $SOL. The user highlighted the protocol’s blockchain efficiency features, such as sharding and chain abstraction.
A user replied, pointing out that one year ago, many crypto enthusiasts were comparing $NEAR favorably to $SOL. The user also explains that NEAR Protocol has more daily active addresses than Solana and the second-highest daily transactions out of all blockchains (Solana has the highest).
To learn more about NEAR Protocol, visit its official website or join the $NEAR social community on X (Twitter).
Pros
- $NEAR is receiving attention from AI firms
- New dApps being launched as NEAR blockchain popularizes
- 20x cheaper token price than Solana
Cons:
- There is not as much infrastructure or dApps as other chains
- A new blockchain could develop to be even more efficient
How to follow Reddit’s favorite crypto investments
A handful of Reddit communities stand out to us as excellent sources of news and insights on the best cryptocurrencies available.
Below, we detail some of our picks and why they could be useful for current or future crypto investors.
r/Bitcoin
The r/Bitcoin subreddit has over 6 million members and is the number-one crypto community on Reddit.
On this subreddit, you will find all types of community posts related to Bitcoin, from wallet queries, mining insights, memes, news updates, wallet monitoring, and price analysis, among other polls and open discussions.
r/Crypto_General
This subreddit has over 82,000 members and is a group for all things crypto. Unlike r/Bitcoin, this subreddit is for all cryptos and all discussions are welcome.
You can join the group and ask questions, create polls, or post to engage in open debate with other community members.
r/Web3
Described as a subreddit for serious and technical discussions on creating a decentralized web.
You will find everything here from discussions on coins, dApps, token metrics, web3 coding, smart contracts, and everything web3-related. The r/web3 subreddit has over 30,000 members.
r/CryptoCurrency
This is the second-largest subreddit for crypto, a 7.7 million-member community of crypto enthusiasts. The subreddit is for cryptocurrency news, discussion, and analysis.
This subreddit is very active and has users posting by the hour. You can find all sorts of insights on the cryptocurrency markets, Reddit user discussions, people seeking assistance, and other user posts for open discussions.
FAQs
Which is the best crypto to invest in right now?
Our analysts highlighted Dogeverse as one of the best crypto presales to invest in now. The project is the first Doge-themed meme coin to be compatible with six blockchains. $DOGEVERSE can also be staked to generate a high annual yield.
Which crypto will explode in 2024?
A crypto that could potentially explode in 2024 is NEAR Protocol, should its infrastructure keep developing, growing, and building dApps. One crypto presale that could explode is Dogeverse, as it allows token holders to seamlessly navigate across six blockchains.
Which coin can go 100x?
Dogeverse is potentially a coin that can do 100x. The presale has already raised $13 million in no time, and the token can be staked on the smart contract to earn passive income.
Which coin will reach $1 in 2024?
Our experts chose $DOGEVERSE as the coin that has the potential to reach $1. This is because the project has gained high traction since the presale launch, offers a high staking yield, and multi-chain compatibility.
References
- https://www.reddit.com/r/Bitcoin/
- https://www.reddit.com/r/web3/
- https://www.reddit.com/r/Crypto_General/
- https://www.reddit.com/r/CryptoCurrency/
- https://www.reddit.com/r/NextBullCrypto/
- https://www.reddit.com/r/solana/comments/1bu4y51/solana_air_drop_model_how_does_it_work/
- https://www.reddit.com/r/solana/
- https://www.reddit.com/r/BONKcoin/
- https://www.reddit.com/user/ZameerAttar/comments/1bp1tdn/top_solana_icos_airdrops_presales_to_invest_in/
- https://x.com/SlothanaCoin/status/1773764368775139659
- https://youtu.be/MXfSixhoTt0?feature=shared
- https://www.youtube.com/watch?v=Bn3WeKOa908&ab_channel=CryptoGains
- https://www.youtube.com/watch?v=_MiscxQp-XY&ab_channel=Bitcoin%26AltcoinsPriceAnalysis
- https://www.youtube.com/watch?v=dmsJwi9z4xc&ab_channel=ConorKenny
- https://medium.com/@shosaski/why-the-release-of-this-new-ev-token-could-cause-it-to-explode-10x-082ff3bec9d2
- https://www.citybiz.co/article/526085/roshan-shah-decimal-digital-currency-co-founder-and-ceo-raises-20-million-for-bitcoin-mining-expansion/
- https://tradersdex.com/genesis-acquires-2-1-billion-worth-of-bitcoin-amid-gbtc-sell-off/
- https://www.herewallet.app/
