5 Cryptocurrencies Redditors are Buying for 2022 and Beyond

4. Binance Coin

Binance Coin is another alternative investment to Bitcoin and Ethereum that Redditors love. The coin is the native currency of the Binance cryptocurrency exchange, one of the largest crypto exchanges in the world in terms of volume of transactions. It is the third largest coin by market capitalization even though the transaction fees of the Binance exchange are some of the lowest in the world. Although the coin was initially based in China, it has since moved out of the Asian country as Beijing tightens control over crypto firms. 

In 2021, the Binance Coin gained 1,300%, outperforming Bitcoin and Ethereum, which increased in value by 408% and 65% during the period. One of the reasons the coin gained in popularity was the increase in investments in altcoins because of a market crash that saw the prices of Bitcoin and Ethereum drop dramatically. The strong association of Binance with GameFi and the metaverse also helped it outperform other coins.