5 Best Cryptocurrencies Redditors are Buying

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1. Ripple

Ripple is the cryptocurrency used on the Ripple platform, a fintech firm that could go public in the coming months. Ripple recently released a feature called the Liquidity Hub that will give enterprise clients access to crypto assets that include prominent coins like Bitcoin, Ethereum, Litecoin, and Ripple, among others. The cryptocurrency Ripple has a market cap of $118 billion and is presently being traded at around $1.1 per coin.  

Crypto coins like Ripple are becoming more popular as firms like Facebook, Inc. (NASDAQ:FB), the technology company headquartered in California, adopt the blockchain. 

At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Facebook, Inc. (NASDAQ:FB), up from 257 in the preceding quarter worth $40 billion. 

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

“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”

You can also take a peek at 10 High Yield Dividend ETFs to Buy Now and 15 Fastest Animals in the World.

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