5 Best Cryptocurrencies Redditors are Buying

3. Harmony

Harmony is a cryptocurrency founded by Stephen Tse, a PhD in cryptographic protocols from the University of Pennsylvania. The coin makes use of a sharding process for decentralized applications that allows node times to be reduced and thus the speed and validity times are increased. It uses the Verifiable Random Function for random shard membership. The coin was released in 2017 and has a market cap of $3 billion. 

Investors interested in harmony should also check out Visa Inc. (NYSE:V), the California-based payments company. 

At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27 billion in Visa Inc. (NYSE:V), down from 164 in the preceding quarter worth $26 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”