Elon Musk, the CEO of Tesla, appeared on Saturday Night Live in early May. The instance demonstrated the ephemeral nature of the cryptocurrency market. Within hours of its release, Dogecoin’s value plummeted by around 40%. It had grown tenfold in the weeks leading up to its appearance, thanks to the Reddit users’ support. Following the Dogecoin debate, cryptocurrency prices have fallen in recent days. Analysts believe cryptocurrencies can take advantage of the lull to catch up to Bitcoin and Etherium. Some of these coins are addressed in more detail below, as well as how they may perform in the future.
Here is Insider Monkey’s list of the 10 best cryptocurrencies to invest in according to Reddit. According to Reddit, Tron came in tenth position on the list of the top ten cryptocurrencies to invest in. Before a previous Chinese crackdown on crypto-firms, TRON’s initial coin sale raised over $70 million in 2017. It’s a blockchain network with its own currency and the ability to handle 2,000 transactions per second. Reddit has placed VeChain ninth among the top ten cryptocurrencies to invest in. VeChain is a relatively inexpensive coin in comparison to many others, yet it has a large upside potential. Square, Inc., the business behind Square, owns close to $400 million in crypto assets. On the list of the top ten cryptocurrencies to invest in, Stellar is ranked eighth. Jed McCaleb and Joyce Kim launched the system in 2014. It’s a platform created exclusively for people who want to move money without going via a bank. Stellar has emerged as the platform of choice for those seeking to convert to a low-cost charge. Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic founded Polygon, a cryptocurrency and blockchain network, in 2017. On the list of the top ten cryptocurrencies to invest in, it is ranked seventh. Tether is a peer-to-peer open source technology that is one of the most widely used stablecoins. Facebook, Inc. is a social media platform that has declared ambitions to establish its own cryptocurrency. The social media corporation owns several of the world’s most popular social media networks. For more details, click 10 Best Cryptocurrencies to Invest In According to Reddit.
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