Reddit and especially r/WallStreetBets have become a valued source of market tips since the entire GameStop scandal. However, users of WallStreetBets do not deal with the stock market exclusively. Many of them also invest in crypto and they are more than happy to share their thoughts on what to buy. We took a deep look at their sub and came up with the best WallStreetBets crypto recommendations for 2022.
The Best WallStreetBets Crypto in 2022 – Overview
- Tamadoge (TAMA) – New Meme Coin With Promising Future
- Lucky Block (LBLOCK) – Overall Best WallStreetBets Crypto
- Bitcoin (BTC) – Undervalued WallStreetBets Crypto Recommendation
- Shiba Inu (SHIB) – The Best WallStreetBets Meme Coin
- Ethereum (ETH) – Most Popular Blockchain Network on WallStreetBets
- Solana (SOL) – Excellent High-Speed Crypto Recommended on WallStreetBets
- Polygon (MATIC) – Best DeFi Crypto on WallStreetBets
- Ripple (XRP) – Digital Payment Network with A Lot of Support on WallStreetBets
- Litecoin (LTC) – One of The Most Popular Coins on WallStreetBets
- Cardano (ADA) – Best Cheap Crypto on WallStreetBets
1. Tamadoge (TAMA)
Tamadoge is a new interesting play-to-earn game that will appeal to both those looking to get their feet wet in the crypto market and those who simply want to have fun. TAMA, its native coin, is a meme coin with a huge growth potential of up to 100 times its initial price.
As we’ve seen with other cryptocurrencies, the Twitter community is an excellent criterion for predicting the coin’s future value. At the time of writing, there are more than 28000 followers, and the number is growing. The beta presale began on July 25th and will end on September 2nd. TAMA will be used to unlock all of the game’s interesting features. The Tamadoge game is an ecosystem in which players can not only care for their pets from the moment they are born until they are raised, but also play with them in the future.
Each of these pets will have their own 3D NFT existence that can be traded or sold. Funnel to Tamadoge means that the best player will eventually climb the leaderboard and win the most generous prize. New investors will appreciate the fact that it has been KYC’d on Coinsniper, indicating that it is anti-rug pull and safe to invest in. It is the top WallStreetBets cryptocurrency to watch and invest in!
How to buy TAMA?
Beta presale of this token started on 25th July 2022. The Beta presale should end on 2nd September, and the general presale – following the presale- will end in Q4 2022.
Everyone interested can buy TAMA with ETH or USDT, and there is no minimum amount of money required for the purchase. However, the Tamadoge team advised everyone who wants to buy the tokens to make the purchase of a minimum of $150 worth of ETH or USDT.
The price is $0.01 for 1 TAMA or $100 for 10,000 TAMA.
Here is a short guide on how to buy TAMA tokens:
- Set up your wallet – Tamadoge uses Metamask or Trust Wallet to store tokens.
- Obtain ETH or USDT – You will be able to buy TAMA with these funds
- Visit the Tamadoge website – This is where the presale happens.
- Make a purchase – Click on Buy, then click on Connect wallet and connect your wallet.
- Buy Tamadoge – Enter the amount of TAMA coins you want to purchase and click Convert ETH.
- Claim your tokens – Once the presale ends, you can collect your tokens by clicking the Claim button on the website.
Lucky Block (LBLOCK) – Overall Best WallStreetBets Crypto
Lucky Block is an innovative crypto-gaming platform that has attracted a lot of attention on WallStreetBets. LBLOCK project aims at introducing a new approach to lottery games by fixing the major flaws current systems have. It is a BEP-20 cryptocurrency based on Binance Smart Chain, allowing smart contracts and full transparency during draws. This is a new approach to Play-to-Earn (P2E) gaming that solely relies on luck rather than gaming skill.
Once you buy LBLOCK, you will automatically become eligible for daily jackpots. According to their Twitter account, a daily jackpot is guaranteed to be at least $10,000 with no upper limit. That was more than enough to pick Reddit’s interest and Lucky Block’s sub already has more than 6,000 users.
One reason why WallStreetBets recommends LBLOCK is that the coin is severely undervalued at the moment. Since the launch, Lucky Block quickly became one of the hottest cryptos on the market, more than quadrupling in value in the first few weeks. Since then, it has dropped off somewhat, giving investors an excellent opportunity to pick it up on the cheap.
Bitcoin (BTC) – Undervalued WallStreetBets Crypto Recommendation
Bitcoin, the world’s oldest and most recognizable cryptocurrency, had a very tumultuous year. Twice in 2021 BTC set new all-time high records. The first was in April when it was trading at $63,558 for a short time. It fell off sharply to below $30,000, but by September it was on the bull run again. In November, it peaked at $68,789. Many experts predicted that 2022 will be similar, but then the crypto crash happened in May and all bets were off.
Despite the recent crises, Bitcoin remains one of the best WallStreetBets crypto recommendations for investment. Reddit users are certain that the original cryptocurrency will bounce back and that Bitcoin is up for another bull run as soon as the market recovers. Some crypto experts share this opinion, even claiming that the next all-time high will be $100,000.
Bitcoin remains the most-used crypto on the planet, with more than 15,000 businesses accepting it as a form of payment worldwide. With such a global reach, BTC isn’t going anywhere soon and remains one of the top Reddit crypto recommendations.
Shiba Inu (SHIB) – The Best WallStreetBets Meme Coin
With almost half a million subscribers, Shiba Army (r/SHIBArmy) is one of the largest crypto subs on Reddit. The popularity of the Dogecoin killer, as it was dubbed in the beginning, remains high despite the recent market setbacks.
Shiba Inu’s bid to replace DOGE as the world’s leading meme coin didn’t quite succeed. SHIB managed to surpass Dogecoin in value only once, in October 2020, but its triumph was short-lived. Despite the best efforts of the Shiba Army, Dogecoin remains the undisputed champion among meme coins. However, that doesn’t mean that Shiba Inu isn’t widely successful, far more than its creators ever dreamt possible. Being built on the Ethereum blockchain, SHIB holds a clear technical advantage over Dogecoin, developed on an older protocol.
SHIB is one of the most popular crypto projects on the planet, far surpassing many so-called “serious” coins. It lacks the utility that comes with more advanced coins, but being a meme coin, the utility was never high on its creators’ list of priorities.
Ethereum (ETH) – Most Popular Blockchain Network on WallStreetBets
Ethereum is an open-source, decentralized blockchain network. Its native coin is called Ether (ETH). Like all other major cryptocurrencies, Ethereum took a hit during the crypto crash of 2022. However, the widespread use of ETH is an almost sure indicator that it will recover swiftly. Not only ETH is widely used in commerce and gaming, but Ethereum as a network is one of the most popular foundations for various crypto projects, including DeFi, NFTs, and dApps.
At the moment, ETH is trading at around $1,700, significantly lower than its all-time high of $4,300 in November of 2021. That price differential indicates that the current price is undervalued and that it may be a good idea to increase your ETH position, at least according to WallStreetBets. With the crypto market showing clear signs of recovery, it can be expected that Ethereum will also enter a bull run.
Solana (SOL) – Excellent High-Speed Crypto Recommended on WallStreetBets
Ever since its inception, Solana was praised for its high-speed network that allowed near-instantaneous transfers. With 50,000 transactions per second, Solana is probably the fastest blockchain on the market at the moment. To put things in perspective, older blockchains like the Ethereum network can process 15 transactions per second, while Bitcoin barely manages a meager seven. That is the reason why the SOL price went from $1.84 in January 2021 to $136.46 just a year later.
Right now, Solana is trading at just above $42 and like most of the crypto market, it is undervalued. However, the excellent network it is built on attracts more and more users for various purposes constantly. We rarely have a month that some new Solana projects don’t get announced and people over at WallStreetBets pay attention to such announcements. That is why SOL is among the top Reddit recommendations for crypto investing.
Polygon (MATIC) – Best DeFi Crypto on WallStreetBets
Polygon attracted a lot of attention even before it was launched. Announced as the network that will serve as the support layer for Ethereum, it was one of the first blockchain projects designed for Web3 interoperability. Aimed at solving the biggest issue on Ethereum, network congestions due to the older protocol used for its creation, Polygon got a lot of backing from big venture capital names. Sequoia Capital alone invested $450 million in its development.
Polygon’s speed and reliability make it an ideal platform for DeFi applications and several of them are already up and running including AutoFarm, QuickSwap, SushiSwap, and Curve Finance Aave. Polygon DeFi Ecosystem is designed from scratch to accommodate even the most demanding DeFi users and it is proving a highly popular solution. These are just some of the reasons why many WallStreetBets users recommend investing in Polygon.
Ripple (XRP) – Digital Payment Network with A Lot of Support on WallStreetBets
Anyone who has ever used SWIFT to process an international bank transfer can testify to how big of a chore it is. Not only are transactions expensive, but they take up to five days to complete. This is where Ripple steps in, offering both cheap and fast alternative, solving both issues in one move.
WallStreetBets users often harp on about establishment, especially banks, and their fees. They feel many of them are either too high or unjustified, often both. Knowing this, it comes as no wonder that they are absolutely delighted with Ripple.
Ripple is a digital payment platform based on blockchain aimed at improving international money transfers by offering an alternative to SWIFT. To complete the transaction, you will need to use XRP, Ripple’s native coin and that ensures that there will always be a high demand for it. However, everything isn’t sunshine and rainbows for Ripple. In 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the company behind the project. Although there are rumors that the proceedings are going well for Ripple, we won’t know for sure until the trial is over.
Litecoin (LTC) – One of The Most Popular Coins on WallStreetBets
Litecoin is one of the oldest bitcoin clones, launched in 2011. The altcoin was designed by Charlie “Satoshi Lite” Lee, a former Google engineer. Lee wanted to create an alternative to bitcoin with cheaper fees and faster transactions. He largely succeeded, and LTC has been a significant player on the crypto market in the last decade.
The reason why Litecoin is so popular on WallStreetBets is because it serves as an early warning system for the entire crypto market. Even people who don’t hold any LTC positions closely monitor it. A sudden rise in LTC value is a strong indicator that the entire market is going on a bull run and vice versa.
Just like bitcoin, Litecoin can still be mined. There are around 70 million LTC, with 14 million left to mine. The Litecoin Foundation estimates that the last LTC will be mined in about 120 years.
Cardano (ADA) – Best Cheap Crypto on WallStreetBets
Cardano was one of the most pleasant surprises during the 2021 crypto bull run. ADA managed to outperform both Bitcoin and Ethereum and became one of the most successful coins on the market during that year. In September, the developers launched Alonzo, a hard fork that modernized the network. The upgrade introduced smart contracts that allowed various dApps, DeFi, and NFT projects.
WallStreetBets users aren’t the only ones believing in Cardano. Wallet Investors predict that ADA price, currently at $0.53, could reach $3 by the end of the year and has the potential to reach $10 in the next three years. Of course, making crypto price predictions is a tricky proposition, especially after the recent market crash, but the fact remains that Cardano has a lot of potential for growth.
While it is true that WallStreetBets often recommends investments for reasons that are not in line with traditional wisdom, it has managed to predict some major market events. At the moment, Lucky Block tops the list of the best WallStreetBets crypto in 2022, and it is a recommendation that we can fully endorse.
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