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NFTs Trending on Reddit Going Cheap – Should You Invest?

Over the last year, NFTs have gained popularity, and some popular NFT initiatives have attempted to bridge the gap between web3 and web 2 area. Fashion, music, art, sports and comics are some industries where NFTs have made inroads and provide various services to holders.

The instant success of NFT projects has prompted others to enter this field, but lately, the market has been going through a massive crash, with top NFTs at an all-time low. This has led some to believe that this is the end of the Crypto and NFT world, while some believe a price spike is just around the corner, and they are ready to take the risk, which can maybe turn their life around in the coming months when the NFT market booms.

However, before investing time and money in NFTs, it’s critical to figure out which initiatives to fund. Reddit is one such platform which promotes a lot of discussions and has huge communities dedicated all to NFT.

Here are some listed top trending NFTs on Reddit which are cheap and have high chances of taking a leap in the coming months. If you are looking to invest, these might help you make a better choice.

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5 Top NFTs Trending on Reddit

1. Goblin Town

Goblin Town often goes by the name goblintown.wtf is a 10,000-robust collection of generative NFTs. The project’s Twitter account was only created recently, and the collection’s creators had initially spiked a lot of attention by making a point of remaining anonymous. However, this hasn’t stopped the internet from being blown away by a brand-new project’s ability to create something from almost nothing.

Goblin Town’s way of distinguishing itself from the often-snobbish projects that trade on their own exclusivity appears to be upending expectations about “blue chip” NFTs. Goblin Town is, in some ways, the anti-NFT project. It’s web3’s punk rock, and its rapid success is a testament to its uniqueness. If the trend continues, expect a swarm of imitative enterprises that pretend to be uninterested.

SHould I invest in Goblintown NFTs

The Goblintown town team very recently doxxed themselves by uploading a video on Twitter. Goblintown’s creators, Truth Labs, describe themselves as a “collection of innovators working in the web3 environment.” Truth Labs team are committed to sharing remarkable blockchain mischief, experimenting creatively, producing rich, engaging worlds and experiences, and offering a forum for fresh voices and views in this arena.

The team announced that the remaining 1,000 Goblins would be reserved for participants of the IlluminatiNFT and the 187 projects. Members of the IlluminatiDAO, as well as a few individuals who assisted in the project’s inception, are qualified to mint Goblins.

Current Statistics

The NFTs, as we write, have a trading volume of over 37.8K ETH, which is approximately 7.76 million on OpenSea with a floor price of 3.1 ETH. The NFT ranks #11 according to the Dappradar collectables ranking.

According to Reddit communities, Goblintown is an attractive, top-ranked and cheap amongst the top NFTs to invest in according to the long-term goals.

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2. Axie Infinity

Another one trending among Reddit users is Axie Infinity. It was a huge benefit to people throughout the pandemic and has given huge returns and proved to be a reliable source of extra income. Axie Infinity is known for its not such a high price and decent return rates.

Not to mention, it’s a fun way to take some time off. Axie Infinity is a mobile game that allows you to have fun and earn money at the same time. If you’re a Pokemon enthusiast, you might enjoy this due to the fact that it entails purchasing virtual pets known as Axies and pitting them against other Axies. You can combat either AI-owned or player-owned ones.

shall I buy Axie Infinity NFT

You will almost certainly earn cryptocurrencies called Axie Infinity Shards (AXS) and Smooth Love Potions, no matter what you do. As a reward, you may receive in-game stuff. You can sell the things and virtual pets on the Axie Marketplace because they are non-fungible tokens. For transactions, the platform employs Ethereum currency, also known as Ether (ETH).

Current Statistics

The lowest Axie was worth $13.59 or 0.01259 ETH at the time of writing. With the rankings Axie hold among NFT Marketplaces, it is an attractive price to invest in.

More importantly, there is a chance you will be able to sell NFTs from Axie Infinity. It has a sizable player base, with individuals wanting to buy your axes and stuff.

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3. Lucky Block

Lucky Block’s NFT is the third on our list of NFTs on sale in the cheap, affordable and trending NFT to invest in. Lucky Block aims to provide openness and fairness to the 230 billion USD online gaming industry. LBLOCK, employed in ticketing and earning rewards, powers the game protocol.

Additional features have been added to the Lucky Block protocol, and the platform’s first NFT collection, Platinum Rollers Club NFT, was released a month after its introduction. Users can buy one of the 10,000 one-of-a-kind collectables for 3.3 Binance Coin (BNB), or 681.45 USD.

Owning one of the Platinum Rollers Club NFTs comes with many perks. Lucky Block has kickstarted its multiple daily draws for its LBLOCK and NFT holders to participate. Users can join if they hold 500 USD worth of LBLOCK tokens.

Luckyblock NFT on NFTLaunchpad

A user holding 500 USD worth of LBLOCK will get a free ticket to participate in the draw and stand a chance to win 1 million USD in jackpot winnings. To encourage more users to buy Lucky Block, the protocol announced that users who will buy 5 USD worth of LBLOCK tokens as these would help the ticket-bearer also participate in the draw. Lucky Block also has a secondary giveaway for holders of the Platinum Rollers Clubs NFTs. Users need only 1 NFT to participate in the 1 million USD NFT giveaway.

Meanwhile, LBLOCK token holders can easily earn passive income from their investments. All jackpot prizes are subject to a 30 per cent tax, with 10 per cent of the proceeds going to LBLOCK holders. LBLOCK sales are also taxed at a rate of 12 per cent, with 6 per cent going to all LBLOCK token holders. As a result, Lucky Block is one of the greatest cryptos to invest in for long-term gain under 1 USD.

Current Statistics

LBLOCK is now trading at 0.001 USD, down by 3.38 per cent, according to CoinMarketCap. LBLOCK is predicted to attain new record highs whenever the market turns.

Overall, this project’s future looks exceedingly bright, with Lucky Block NFTs already making waves in the digital asset sector. With plans for metaverse integration, crypto education platforms, and large charity events on the horizon, now could be the ideal time to consider adding LBLOCK to your portfolio.

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4. Decentraland

Decentraland (MANA) provides users with a one-of-a-kind idea and a completely virtual universe to own, trade, and operate. Decentraland is built on a cutting-edge blockchain architecture that will use virtual reality (VR) and open-source technology to enable its applications.

Users can buy and sell different NFTs on the marketplace that can be used in the Decentraland ecosystem. It is a completely decentralized initiative in which the community can vote on policy changes, auctions, and all other aspects of the platform.

decentraland NFT game

MANA is the native token of Decentraland and taking the fact that we are in the midst of a bear market, MANA stands at an outstanding number. With 1.85 billion coins in circulation, MANA has 84.3 per cent of its total supply unlocked, which is a strong aspect. On the daily time frame, we are expected to see a bounce back up to the 20-day EMA. MANA’s price should rise to roughly 0.90 USD as a result of this before being rejected at resistance.

In contrast to many other cryptocurrencies, MANA has not fallen below an RSI level of 30 in June to date, despite the current market’s severe concern. This indicates that investment and holding and selling pressure is quite low.

Current Statistics

The current price of Decentraland is 0.7889 USD, which is down by 6.67 per cent according to the 24-hour percentage. Decentraland (MANA) is ranked #32 on Coinmarketcap, having a market capitalization of 1.548 billion USD.

From a high of 2.85 USD in March, the price of MANA has dropped by 78 per cent. Before the April bitcoin market crash, surprisingly, the cryptocurrency rose 8% during intraday trade on 30 May, breaking a two-month-long downward trendline. Keeping the high- low Decentraland has gone through, Reddit users are talking Mana to take a spike in the coming months.

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5. Tezos

Tezos, founded by Kathleen Breitman and Arthur Britman in 2017, has risen to one of the world’s most popular non-fungible token blockchains (NFTs), with a market volume of 1.7 billion USD.

Tezos NFT market grew in popularity as the non-fungible ecosystem grew in size. Tezos has succeeded in areas where many other blockchains fail, like in rapid and cheap transactions. It is also marketed as a blockchain that is “built to evolve.” Tezos has attracted a lot of attention over the years due to its effort toward security and the diversity of upgradeable features. It is an open-source platform for creating smart contracts and developing decentralized applications comparable to other blockchains (dApps).

XTZ is Tezos’ native cryptocurrency. Tezos uses a Proof-of-Stake (PoS) consensus process, contrary to the one used in Ethereum and other blockchains, which is Proof-of-Work (PoW) mechanism. This is where Tezos’ ecological and economical selling points begin.

Blockchains that use PoW (like Ethereum) necessitate a lot of computer power, and thus a lot of energy, in order to function. PoS, as followed by Tezos, allows users to stake a portion of their bitcoin in exchange for the possibility of being picked as a block validator at random. This type of approach rewards loyalty while lowering the amount of computational labour required to verify blockchain blocks and transactions.

As a result, Tezos functions smoothly and charges significantly cheaper fees than other blockchains. In reality, it consumes a millionth of the energy that Ethereum does.

Tezos staking is now supported by major cryptocurrency exchanges like Binance and Coinbase, allowing users to earn rewards based on the amount of XTZ they own. This is not a feature that you will find in many digital assets.

Current Statistics

Currently, as we write, Tezos ranks #38, and the price is approximately 1.28 USD, which is down by 12 per cent, according to CoinMarketCap statistics. The 24-hour trading volume of Tezos is 61,279,397 USD.

Many market analysts and Reddit forums have put their bets on Tezos for a cheap and long-term investment asset. With the market at a low current, it is estimated that Tezos will perform better as it recovers.

Should You Invest in NFTs?

NFTs recorded huge gains in the year 2021, but as the global crypto market continues to fall, in the NFT area, a similar pattern is being observed with sales continuing to decline. But we need to keep in mind that NFT and cryptocurrency may be at a low but investing now is what will turn tables for the mindful investors.

As a result, if the market as a whole turns optimistic and takes a U-turn from the current market situation, NFTs may be able to reclaim earlier highs.

To pocket profits when the market takes a spike, one needs to prepare now and keep an eye on the market trends.

Buy The Top Cheap and Affordable Reddit Trending NFTs Today

Follow these steps to buy cheap and profitable NFT today and earn huge returns in the long term:

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  1. Buy Ethereum from eToro or other platforms such as ByBit, Binance or Coinbase.
  2. Now install a Crypto wallet to keep your Ethereum. We suggest going for Binance Trust Wallet or eToro Wallet.
  3. Now you could browse NFT marketplaces such as Opensea or Crypto.com and look through the NFT collections.
  4. After selecting the best NFTs, you can pay and check out.
  5. You could store your NFTs in eToro or some other wallet and they would be safe and secure.

We hope you found the list helpful. Overall, we think Lucky Block NFT might be a good choice, according to the trending Reddit discussions. It is affordable, and high-end profits are expected from it in due course of time.

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Read More:

Lucky Block – Our Recommended Crypto of 2022

Our Rating

Lucky Block
  • New Crypto Games Platform
  • Featured in Forbes, Nasdaq.com, Yahoo Finance
  • LBLOCK Token Up 1000%+ From Presale
  • Listed on Pancakeswap, LBank
  • Free Tickets to Jackpot Prize Draws for Holders
  • Passive Income Rewards – Play to Earn Utility
  • 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
  • $1 Million NFT Jackpot in May 2022
  • Worldwide Decentralized Competitions

Lucky Block

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Does Sentiment Shifting Slowly Signal A Crypto Recovery Ahead?

The crypto market has lost momentum after the extended weekend in the United States. Bitcoin and other larger cryptocurrencies have been recording losses during today’s trading session and could continue to trend downside in the short term. Related Reading | TA: Ethereum Regains Strength, Showing Early Signs of Fresh Rally At the time of writing, the::Listen

The crypto market has lost momentum after the extended weekend in the United States. Bitcoin and other larger cryptocurrencies have been recording losses during today’s trading session and could continue to trend downside in the short term.

Related Reading | TA: Ethereum Regains Strength, Showing Early Signs of Fresh Rally

At the time of writing, the crypto total market cap stands at $860 billion with sideways movement over the past weeks. This metric has been trending to the downside since late 2021, but took a severe loss in April-May 2022, as seen in the chart below.

The crypto total market cap trends to the downside on the 4-hour chart. Source: Tradingview

As a consequence, the general sentiment across the crypto market trended to the downside and recorded extreme fear levels on the Fear and Greed Index. The price of Bitcoin and other larger cryptocurrencies often finds a local bottom or top when the Index stands close to 10 or 80 respectively.

The crypto market did find a bottom in June when BTC’s price traded close to $17,000 and pushed the Fear and Greed Index to extreme levels. Since that time, the number one cryptocurrency has pushed the market slightly upwards and has been forming a new range between $18,600 and $21,000.

These levels stand as the major area of resistance along with $22,000. Market participants seem more positive on a probably break above these levels, according to a recent report from Arcane Research. The first stated the following on the shift in market sentiment over the past weeks:

The sentiment in the crypto market has been depressed for several months, but we’re seeing a slight improvement this week. After the Fear and Greed Index climbed to 19 yesterday, we’re at the highest point in two months. While we’re still comfortable in the “Extreme Fear” area, we’re now pushing towards the “Fear” area, and the market is slightly more optimistic (…).

Source: Arcane Research
Ready For More Crypto Downside?

The crypto total market cap and the performance of the altcoin market are bound to BTC, ETH, and larger cryptocurrencies. As NewsBTC has been reporting, the sector is currently impacted by macro-economic factors; rising inflation, and interests rates hikes by the U.S. Federal Reserve (FED).

These factors’ influence over the market must mitigate before the nascent asset class can decouple from traditional finances. In the meantime, any bullish momentum will remain susceptible.

Related Reading | Cardano Releases New Update On Testnet, How Will The Price Respond?

If the price of Bitcoin is unable to push above $22,000 soon, the market could see a decline in the Fear and Greed Index. Data from Material Indicators and their Trend Precognition Indicators suggest it is likely to see a re-test of lower levels. Via Twitter, the analysts wrote:

BTCUSDT and ETHUSDT were both rejected at the 21 Day Moving Average and now we see the Trend Precognition A1 Slope Line rolling over on the D chart indicating a short term loss of momentum.

NFTs Trending on Reddit Going Cheap – Should You Invest?

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