5 Cheapest Altcoins Popular on Reddit

2. AMP

AMP It is placed second on our list of 10 cheapest altcoins popular on Reddit. It was announced in 2020 and released as a partnership between Flexacoin and Consensys. It has a fixed supply of 100 billion tokens out of which about 35 billion are in circulation. It is built on the Ethereum blockchain. The coin is among the top 50 cryptocurrencies in the world in terms of market capitalization and the usage of the coin has been increasing as it one of the fastest ways to pay for retail items, unlike bigger coins which have processing times and higher fees.

Coins like AMP have become more integrated with the digital ecosystem with the help of firms like Tesla, Inc. (NASDAQ: TSLA), the California-based EV maker. Tesla, Inc. (NASDAQ: TSLA) has seen soaring in recent days on the back of strong EV delivery reports from China. The company has a market cap of over $700 billion. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Tesla, Inc. (NASDAQ: TSLA)  with 24.4 million shares worth more than $16.3 billion.

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ: TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”