5 Best Cryptocurrencies to Invest in According to Reddit

4. IOTA

IOTA is placed fourth on our list of 10 best cryptocurrencies to invest in according to Reddit. It is a cryptocurrency released in 2016. The coin is different from other coins because it caters to the special needs of the Internet of Things (IoT) universe. The IOTA blockchain is also different because it uses nodes, instead of miners, to validate transactions. This practice allows for zero-fee transactions, which is why the IOTA blockchain is popular for microtransactions for those seeking to move small amounts of money through crypto. 

Helping crypto gain a foothold in the finance world are firms like CME Group Inc. (NASDAQ: CME), the Illinois-based derivatives exchange that accepts crypto trades on the platform. CME Group Inc. (NASDAQ: CME) recently launched micro bitcoin futures that have been a roaring success over the past few weeks, crossing 1 million contracts earlier this month. 

At the end of the first quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in CME Group Inc. (NASDAQ: CME), up from 58 the preceding quarter worth $2.2 billion.

In its Q1 2021 investor letter, Cooper Investors, an asset management firm, highlighted a few stocks and CME Group Inc. (NASDAQ: CME) was one of them. Here is what the fund said:

“CME has been owned by the portfolio for five years. CME’s strategic positioning as a monopolistic global financial exchange operator will continue to afford the business a highly attractive margin profile. CME is well managed however we can no longer identify clear value latency opportunities for the management team to execute against and so decided to exit our position.”