Buy Blockchain Stock
In this article, we will discuss the 13 best blockchain stocks to buy now. If you want to skip our analysis of the blockchain industry and explore similar stocks, you can also take a look at 5 Best Blockchain Stocks To Buy Now.
buy blockchain stock
Blockchain has the potential to revolutionize the way businesses and organizations operate. By using distributed ledger technology, blockchain enables the secure, transparent, and efficient exchange of data and digital assets. It can also be used to create more efficient, secure, and transparent supply chains, reduce operational costs, and improve data security and privacy. As a result, blockchain technology has the potential to increase efficiency, reduce costs, and create better customer experiences. Additionally, the ability to create immutable records on a distributed ledger could revolutionize the way businesses and organizations manage their records and transactions, leading to increased trust and data integrity. As the technology continues to evolve, its potential applications are growing exponentially.
The global blockchain technology market was worth $5.92 billion in 2021, according to a report by Grand View Research. The market is expected to be worth $10.02 billion by the end of 2022, and then grow at a compound annual growth rate of 85.9% from 2022 through 2030, reaching a value of $1.43 trillion by the end of the forecasted period. Primary factors influencing this growth include the hefty investments being poured into blockchain technology by both corporations and venture capitalists. Moreover, the rising adoption and acceptance of cryptocurrencies by the world and the legalization of cryptocurrency in certain countries, such as Germany and the United Kingdom, is expected to propel the growth of the global blockchain market.
Some of the top companies operating in the blockchain space and investing heavily in the technology include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL). The stocks of these companies, among others, are discussed in detail below.
We studied industry reports and identified major players that are at the forefront of the blockchain industry. We studied their business models, product pipelines, and balance sheets, and then filtered out the stocks with positive market sentiment. Along with each stock, we have mentioned analyst ratings, the hedge fund sentiment, and salient features that make them good investments in the space. These stocks are ranked according to their popularity among institutional investors, from least to most.
HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is a leading Canadian cryptocurrency mining company that owns and operates sustainable and green data centers. The company is well positioned to capitalize on the growth of the cryptocurrency and blockchain industry. HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is a vertically integrated company and has a significant competitive advantage in the blockchain industry due to its low-cost, secure, and reliable operations. The stock is one of the best blockchain stocks to buy now.
Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a digital asset technology company that operates as a full service enterprise-grade hosting and infrastructure provider for digital asset miners and blockchain networks. The company is well-positioned to benefit from the growing demand for digital asset mining and blockchain development, especially as Bitcoin and cryptocurrency become more mainstream, and is placed among the best blockchain stocks to buy now.
In addition to Marathon Digital Holdings, Inc. (NASDAQ:MARA), other stocks that are expected to drive outperformance with the growth of the blockchain industry include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL).
Canaan Inc. (NASDAQ:CAN) is a leading provider of high-performance computing solutions for blockchain applications, artificial intelligence, and other emerging technologies. The company has a strong competitive edge in the market, with its Application-Specific Integrated Circuit (ASIC) mining chips, which are more efficient and powerful than the competition. Additionally, its mining machines have a high level of energy efficiency, which makes them more attractive to miners. Canaan Inc. (NASDAQ:CAN) is well-placed to benefit from the growth of the blockchain industry and is included among the best blockchain stocks to buy now.
Riot Blockchain, Inc. (NASDAQ:RIOT) is a North American Bitcoin mining company that operates through three segments: Bitcoin Mining, Data Center Hosting, and Electrical Products & Engineering. The company is well positioned to benefit from the current macro trend of increasing institutional and retail investment in the cryptocurrency space. The company is focused on enabling the growth of the blockchain sector through its investments, partnerships, and its own mining operations. Riot Blockchain, Inc. (NASDAQ:RIOT) is one of the best blockchain stocks to buy now.
Applied Digital Corporation (NASDAQ:APLD) is a leading developer and operator of next-gen datacenters. The company provides digital infrastructure solutions for high performance computing. On November 21, Applied Digital Corporation (NASDAQ:APLD) launched an independent fund for acquiring depressed cryptocurrency assets. The stock is included in our list of the best blockchain stocks to buy now.
At the end of Q3 2022, 13 hedge funds held stakes in Applied Digital Corporation (NASDAQ:APLD). The total value of these stakes amounted to $21.7 million, up from $12.19 million in the preceding quarter with 12 positions. The hedge fund sentiment for the stock is positive.
In addition to operating one of the most popular stock trading platforms, Robinhood Markets, Inc. (NASDAQ:HOOD) also offers cryptocurrency trading on its platform. The company has captured significant market share in the cryptocurrency industry, and is well-positioned to capitalize on the secular growth trends of the global blockchain industry. Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the best blockchain stocks to buy now.
Coinbase Global, Inc. (NASDAQ:COIN) is an excellent investment opportunity for investors looking to gain exposure to the cryptocurrency and blockchain industry. The company has emerged as a leader in the industry, with a mission to create an open financial system for the world. Coinbase Global, Inc. (NASDAQ:COIN) is well-positioned to benefit from the growth of digital currencies and blockchain technology as the company has already established itself as one of the most trusted and secure digital currency exchanges. Coinbase Global, Inc. (NASDAQ:COIN) is placed high among the best blockchain stocks to buy now.
International Business Machines Corporation (NYSE:IBM) has been making strides in the blockchain space. The company has emerged as a leader in the enterprise blockchain services space and is well-placed to benefit from the tailwinds in the sector. The company's IBM Blockchain is a distributed ledger technology (DLT) platform that enables businesses to securely store, manage, and share data with other parties. It is based on the open source Hyperledger Fabric framework, which is an open source collaborative effort created to advance cross-industry blockchain technologies. International Business Machines Corporation (NYSE:IBM) ranks sixth among the best blockchain stocks to buy now.
At the close of the third quarter of 2022, International Business Machines Corporation (NYSE:IBM) was a part of 40 investors' portfolios that disclosed positions worth $868.7 million in the company. As of September 30, Arrowstreet Capital is the largest stockholder in the company and has a stake worth $515.76 million.
Some of the companies that are expected to remain at the forefront of the global blockchain industry for years to come include International Business Machines Corporation (NYSE:IBM), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL).
A blockchain is a tool with many purposes. As of January 2022, there are no methods to invest directly in a blockchain. However, you can invest in technologies and companies developing products and services that use blockchain."}},"@type": "Question","name": "Can You Buy Blockchain Stock?","acceptedAnswer": "@type": "Answer","text": "You can purchase stock in a company that is developing blockchain solutions, but as of January 2022, you cannot invest directly in a blockchain. Digital securities are tokenized via a blockchain, and you can purchase securitized tokens to buy ownership in a business that tokenizes its shares.","@type": "Question","name": "Can I Invest In Bitcoin (BTC) with $1?","acceptedAnswer": "@type": "Answer","text": "Yes, you can; however, keep in mind that 1 BTC is worth much more than $1. For example, if 1 BTC is worth $43,131.63, you'd be able to buy 0.0000231848 BTC or 2,319 satoshi with $1."]}]}] Investing Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Economy Government Policy Monetary Policy Fiscal Policy View All Personal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All News Markets Companies Earnings Economy Crypto Personal Finance Government View All Reviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard EconomyEconomy Government Policy Monetary Policy Fiscal Policy View All Personal FinancePersonal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All NewsNews Markets Companies Earnings Economy Crypto Personal Finance Government View All ReviewsReviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All Financial Terms Newsletter About Us Follow Us Facebook Instagram LinkedIn TikTok Twitter YouTube Table of ContentsExpandTable of ContentsUnderstanding BlockchainUnderstanding Distributed LedgersCompanies Developing Blockchain UsesDigital SecuritiesNon-Fungible TokensFrequently Asked QuestionsCryptocurrencyBlockchainInvesting in the Blockchain BoomByBrett Relander Full Bio LinkedIn Twitter Brett Relander is a serial entrepreneur with 10+ years of experience in marketing strategy, investor relations, leadership, and business development.Learn about our editorial policiesUpdated May 28, 2022Reviewed byCierra Murry Reviewed byCierra MurryFull BioCierra Murry is an expert in banking, credit cards, investing, loans, mortgages, and real estate. She is a banking consultant, loan signing agent, and arbitrator with more than 15 years of experience in financial analysis, underwriting, loan documentation, loan review, banking compliance, and credit risk management.Learn about our Financial Review BoardDistributed ledger technology (DLT) and blockchain are among the hottest trends in business, finance, and many other industries. Their introduction to the mainstream following the rise in popularity of cryptocurrencies has created new investment vehicles, opportunities, and new sectors. Additionally, new business models using these advancements are emerging that improve workflows, data security, e-commerce, government processes, and much more. 041b061a72