5 Cryptocurrencies Reddit is Buying for the Next Bull Run

3. Stellar

Stellar is a cryptocurrency released in 2014 and developed by Jed McCaleb and Joyce Kim. The coin is famously used to convert digital coins into fiat currencies and to move money across borders. At the beginning of 2021, the coin was trading at around $0.13. At the end of the year, the price of one Stellar coin had increased to $0.27, more than doubling in value. Presently, the coin has a market cap of around $6.4 billion. 

Redditors believe that the Stellar network will soon partner with leading banks and financial institutions to leverage the power it holds to make cross-border payments at low fees. In January 2021, the price of the coin was boosted by around 40% after the Ukraine government partnered with the network to develop parts of the digital infrastructure of the country.