5 High Risk, High Reward Cryptocurrencies to Buy According to Reddit

In this article, we discuss the 5 high risk, high reward cryptocurrencies to buy according to Reddit. If you want to read our detailed analysis of these currencies, go directly to the 10 High Risk, High Reward Cryptocurrencies to Buy According to Reddit.

5. Phantasma

Phantasma is a cryptocurrency favored by gamers and NFT enthusiasts because of low minting and transaction fees as well as the use of a smart technology that will make the currency the first fully carbon neutral coin in the world. This tech, called smartNFTs, can change according to conditions, allowing developers of games to make in-game changes, something not possible with traditional NFTs. 

Investors should also keep Alphabet Inc. (NASDAQ:GOOG), the parent company of internet search engine Google, on their radar for the crypto space. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 2.9 million shares worth more than $7.3 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.”