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

2. Atari

Atari is a cryptocurrency based on the Ethereum blockchain. The coin was designed by gaming firm Atari specially for the interactive entertainment industry. It became available for public trading in October 2020 after three private sales rounds. Atari is developing a suite of games, entertainment products, and casinos that will make use of the Atari coin for transactions. The platform also markets skill-based video games played for Atari tokens. 

The rise of coins like Atari has been facilitated in large part by celebrities like Elon Musk, the eccentric billionaire and chief of Tesla, Inc. (NASDAQ:TSLA), the California-based EV maker. 

At the end of the second quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $9 billion in Tesla, Inc. (NASDAQ:TSLA), down from 62 in the previous quarter worth $10 billion.

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”