5 Best Cryptocurrencies to Invest in According to Reddit

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1. AMP   

AMP is ranked first on our list of 10 best cryptocurrencies to invest in according to Reddit. AMP is a cryptocurrency that uses the Ethereum blockchain to make payments on the Flexa Network. Using the coin, holders can make a number of different types of transactions, including conversion to fiat, digital payments, loans, and property sales, among others. AMP is moderately priced compared to coins like Bitcoin, Ethereum and dozens of others, but has significant growth potential. 

Helping crypto make the leap from a concept to the real world are firms like NVIDIA Corporation (NASDAQ: NVDA), the microchip maker from California. NVIDIA Corporation (NASDAQ: NVDA) products are used in crypto mining operations around the world. 

At the end of the first quarter of 2021, 80 hedge funds in the database of Insider Monkey held stakes worth $6.2 billion in NVIDIA Corporation (NASDAQ: NVDA), down from 88 the preceding quarter worth $8.6 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and NVIDIA Corporation (NASDAQ: NVDA) was one of them. Here is what the fund said:

“NVIDIA Corp. is the dominant supplier of Graphics Processing Units (GPUs) worldwide. NVIDIA’s GPUs are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and more. We previously owned NVIDIA and sold it in the third quarter of 2020 as the price to value gap closed and our margin of safety was reduced. As with all our MVP companies, we continued to follow NVIDIA closely. Since that time, NVIDIA reported excellent results and its value has compounded rapidly. The technology selloff at the beginning of the year negatively affected the stock price while our estimate of NVIDIA’s value per share increased. This happy combination of events created a margin of safety and an opportunity to once again add NVIDIA to the portfolio.”

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 10 Best Nickel Stocks to Buy Now.

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