Reddit Cryptocurrency to Buy for High Returns in June 2022 ?

Categories: Bitcoin

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.

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.

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.

3. Terra (LUNA): Rising After an Infamous Crash

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.

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.

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