5 Cheapest Altcoins Popular on Reddit

3. Stellar Lumens

Stellar Lumens is ranked third on our list of 10 cheapest altcoins popular on Reddit. It is a cryptocurrency started in 2014. The founders of the coin were Jed McCaleb and Joyce Kim. The platform on which it is used aims to act as a settlement network between banks and markets super fast digital payments. It was developed by the Stellar Development Foundation. Transactions on the network can be completed in 3-5 seconds and the fees are as low as $0.01. It is one of the cheapest but most popular coins. 

Investors interested in crypto should also check out Mastercard Incorporated (NYSE: MA), the New York-based payments processing firm. Mastercard Incorporated (NYSE: MA) recently launched a crypto-focused card and beat market expectations on earnings per share and revenue for the second quarter. 

Out of the hedge funds being tracked by Insider Monkey, Virginia-based investment firm Akre Capital Management is a leading shareholder in Mastercard Incorporated (NYSE: MA) with 5.8 million shares worth more than $2 billion. 

In its Q4 2020 investor letter, Bretton Fund, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE: MA) was one of them. Here is what the fund said:

“While consumers resumed much of their spending by summer, what and how they used their Visas and Mastercards changed. For obvious reasons, people shifted to contactless payments—one of the Covid-era changes we think is permanent—and replaced travel purchases with online shopping and food delivery. Consumers spent more on their debit cards and less on their credit cards; Visa and Mastercard make more per transaction on the latter. They also make more on cross-border transactions that come mostly from international travel, which ground to a halt early in the pandemic. Visa’s and Mastercard’s earnings per share fell by 7% and 16%, respectively, compared to their usual mid-teens growth. We’re not too worried, and we think they’ll catch up nicely in the post-vaccine world. Visa’s stock returned 17.1% and Mastercard’s 20.2%.”