5 Cheapest Altcoins Popular on Reddit

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In this article, we discuss the 5 cheapest altcoins popular on Reddit. If you want to read our detailed analysis of these currencies, go directly to the 10 Cheapest Altcoins Popular on Reddit.

5. Polygon

Polygon is a cryptocurrency started in 2017 and first launched in 2020. It is based on the Ethereum blockchain and is compatible with DeFi, DApps, and DAOs. It aims to be a platform that integrates all Ethereum-based networks. It is ranked fifth on our list of 10 cheapest altcoins popular on Reddit. The founders of the firm originate from India and the coin is very popular in the Asian country. In May this year, despite being one of the cheapest coins, it crossed $10 billion in market capitalization. 

For those interested in investments related to crypto, Alphabet Inc. (NASDAQ: GOOG) presents a solid profile. It is the parent company of internet search engine Google. Alphabet Inc. (NASDAQ: GOOG) recently decided that it would allow advertisements related to Bitcoin, the most popular cryptocurrency, on its platform. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in the firm with 2.9 million shares worth more than $6.1 billion. 

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

“Large-cap tech companies have been resilient through the pandemic—Alphabet among them. A top contributor, Alphabet’s Play Store and Google Cloud are in demand as businesses accelerate online activity which, along with strong YouTube user growth, is helping stabilize temporarily weaker search ad revenue trends. Through the lens of our disciplined bottom-up research process, we view Alphabet as one of the best businesses in the world, capable of expanding revenues at a rapid rate for years to come, with a bullet proof balance sheet and an average asking price. It’s a name we’ve owned since 2012 and for which we continue to have high hopes regarding future prospects.”

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