5 Best Cryptocurrencies To Invest In For Beginners According To Reddit

1. Cardano

Cardano is a blockchain platform that utilizes proof-of-stake and aims to empower individuals who aspire to make a positive impact on the world. The platform was established in 2017 and was named after Gerolamo Cardano, a renowned Italian polymath from the 16th century. The native token of Cardano, ADA, is named after Ada Lovelace, a well-known mathematician from the 19th century, widely regarded as the world’s first computer programmer. ADA allows its holders to participate in the network’s operation and vote on any proposed software changes. Various industries, such as agriculture, education, and retail, use Cardano to track produce, store credentials, and prevent the distribution of counterfeit goods, among other things.

Apple Inc. (NASDAQ:AAPL) has made it possible for its users to trade cryptocurrencies using Apple Pay, and the company has recently added support for the Ripple Interledger Protocol. In addition, there are speculations that Apple might explore the possibility of allowing users to mine cryptocurrencies on their IOS/OS devices. As a result, Apple Inc. (NASDAQ:AAPL) has become a popular choice for smart investors looking to invest in cryptocurrency stocks. On March 5, Goldman Sachs analyst Michael Ng initiated coverage of Apple Inc. (NASDAQ:AAPL) with a Buy rating and a $199 price target, citing strong hardware design and customer loyalty that have resulted in a growing user base, providing better visibility into revenue growth.

According to Insider Monkey’s fourth quarter database, 135 hedge funds were long Apple Inc. (NASDAQ:AAPL), compared to 140 funds in the earlier quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with more than 895 million shares worth $116.30 billion. 

Here is what Distillate Capital has to say about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

“The largest new purchase was Apple Inc. (NASDAQ:AAPL), which after underperforming saw its valuation improve significantly. Over the course of the last year, Apple’s consensus estimated forward free cash flows rose modestly, while its enterprise value fell by around 30%. Apple ranks below the 25th most attractive name in the portfolio and so its weight is capped at 4% vs. 6% for names in the top quartile.”

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