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

4. Kalao

Kalao is a cryptocurrency based on the Avalanche blockchain. The network collects different NFTs in a single marketplace, eliminating the need for jumping from one digital platform to another. It is also developing NFTs for the 3D virtual reality experience. The coin has a market cap of $22 million and is presently being traded at around $1 per coin. Even though the currency is designed for VR, it can work on other platforms as well. 

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. 

At the end of the second quarter of 2021, 62 hedge funds in the database of Insider Monkey held stakes worth $2.6 billion in CME Group Inc. (NASDAQ:CME), up from 60 the preceding quarter worth $2.3 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.”