Best Blockchain Stocks to Buy in 2022
Blockchain technology has taken the world by storm. The technology which underpins cryptocurrencies such as Bitcoin and Ethereum allows transactions to be recorded on a digital ledger has now expanded into nearly every sector of the economy. From banking, to healthcare, to government contracts – blockchain technology is slowly but surely becoming the norm. In this ‘Best Blockchain Stocks to Buy’ guide, we cover the hottest blockchain stocks to buy now and how to invest in blockchain stocks with zero commissions!
Best Blockchain Stocks to Buy in 2022
Looking for the best blockchain stocks to buy this year? Below is a list of the most popular blockchain stocks to focus on for this year.
Many of the biggest companies in the world are already embracing blockchain technology, and are heavily investing in this innovative industry. It’s estimated that by 2025, the global blockchain market will have a worth of more than $39 billion. That’s an increase of around 740% from 2020, which should give you an idea of just how valuable this sector has become.
There are plenty of big-name stocks that are incorporating blockchain technology into their operations. This article takes a look at some of the best blockchain stocks to buy for 2021 and beyond – including some that you might not realize were already using blockchain tech.
A Closer Look at the Best Blockchain Stocks to Invest in
When it comes to buying stocks, it is always wise to know as much as possible regarding the long-term prospects of the company you are investing in. We have seen that many companies are leveraging the power of blockchain technology and we can have more confidence in our investment decisions when we understand how these businesses are using this technology. Read on to find out more about some of the best blockchain stocks to buy now!
Lucky Block is a lottery system built on the Binance Smart Chain that operates using its native token, LBLOCK.
The platform was launched in 2021, with the goal of becoming an immutable and transparent alternative to legacy lotto systems. By using blockchain technology to randomly generate numbers, Lucky Block can optimize fairness and transparency in their prize draws. In addition, winners can receive payouts much faster than they would if they had won a traditional lottery, helping to create a more seamless experience for all customers.
The platform’s popularity quickly exploded after launch, with investors flocking to buy Lucky Block at market prices. This led to LBLOCK surging over 1000% in value in the first 3 months, with the fully-diluted market cap reaching $750 million.
NVIDIA is an American technology company that specializes in designing graphics processing units (GPUs) that are used to mine cryptocurrencies, create immersive virtual worlds, and build autonomous vehicles.
Blockchain technology is driving many new innovations in the world today, but it is just one of the many areas that NVIDIA has a valuable role to play. The company's main product is its GPUs, which are used in a wide range of industries, from mining cryptocurrency to building virtual worlds and self-driving cars.
One of these industries, the metaverse, has been gaining traction as more people spend their time interacting with virtual realities. While these interactive spaces require high-powered hardware and software to make them run smoothly, NVIDIA already has the products needed for this type of work.
As such, analysts are bullish on NVIDIA's prospects for 2021 because they see blockchain as only one part of what will be a very profitable year for the company; other areas like VR/AR development will also benefit from increased innovation within GPUs.
The coronavirus pandemic of 2020 was devastating for many businesses. Mastercard, however, saw its share price surge 100% to a record high of $401.50 in April 2021. Since then, the price has decreased 23% and rallied higher again to test the record high at the beginning of this year. The price failed to make a new record high and sold off in line with the broader market. However, the sell-off was far less than those of some other technology stocks during the same time — highlighting the underlying strength in Mastercard’s share price and why it is one of the best blockchain stocks to buy right now.
Crypto is becoming more and more mainstream, with the world's largest cryptocurrency credit card network offering a new range of crypto cards. Visa has partnered with 60+ crypto platforms to provide crypto credit cards. These include major players such as Binance, FTX, Coinbase and BlockFi.
The 80 million merchants that accept Visa payments can also now accept crypto as payment, as funds are automatically converted into fiat currency.
More than $6 billion has been used on Visa crypto cards since the end of 2020 highlighting just how powerful blockchain technology is.
Visa is very well positioned to capitalize on the increased adoption of blockchain tech. They already have a solid network of clients and users, allowing them to expand their products and services with ease.
PayPal is one of the world's largest online payment systems. The company was founded in 1998 by Peter Thiel and Elon Musk, among others. It has since grown to be one of the most popular ways for people to pay for products, services or even other people.
As of June 30th, 2020 PayPal had 346 million active accounts, supporting over 26 different currencies in more than 200 markets around the world.
PayPal has been on a rapid growth trajectory as of late and it doesn't appear to be slowing down anytime soon. In 2020 alone they added nearly 50 million new active accounts which represents an increase of nearly 17% over just 12 months!
They also reported higher-than-expected revenue and earnings per share during their second quarter earnings call last week which should give investors some confidence going forward into 2021 that PayPal will continue its strong performance."