Some Of The Best Blockchain Stocks
I have done my research and have been looking for companies that have been exposed to cryptocurrency. The research has led me to information that I never knew existed. Now, I am going to share all that information with you. Most people who are not cryptocurrency traders may have heard of the word “Blockchain”, and some of them do not know what it is. Well, a Blockchain is simply a network that decentralizes and secures all the networks of the many types of coins that are existing out there. This blog, however, is not about bitcoin or Ethereum.
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So, let’s say you want to get into cryptocurrency as an investor, and you do not want to buy the already popular bitcoin, ethereum, or doge coins, but want to invest in the blockchains themselves; this may be the blog for you.
You need to know that no matter how conversant you think you are with the on-goings in the world of cryptocurrency, you never can tell which coin is about to be the next best thing and which coin is about to go extinct. Typical investing rules suggest that you should only invest fifteen percent or less in a given industry.
Considering the fact that the banking sector is still recovering and paying lower interests, it is logical for investors to turn their attention to cryptocurrencies which are making waves right now. So, you just might be in luck. So, without wasting more time.
Here are some of the best blockchain stocks any investor looking to invest
NVIDIA stocks
It may not be in the financial sector, but you are still exposed to cryptocurrencies because they make processing chips that crypto mining companies use. Now, their chips are in line to act as the brains for a series of AI features that will be coming up soon. They are also in the gaming industry, which has seen more growth than the movie and music industry in recent times.
Riot stocks
This company is U.S based, and their numbers are crazier than you may have seen before. In the last week, the stock made over 92% gain. In the last month, the stock made over 204% gain. In the last three months, the stock made over 1,390%. In the last year, the stock made over 5,150% gain. The company even made an announcement a short while ago that they have achieved one Exahash per sec. This simply means that they are mining at very high speeds.
Paypal stocks
This may not be a blockchain company, but buying into their stocks means you are also being exposed indirectly to the world of cryptocurrency. Paypal is known for integrating all the cryptocurrencies that are making waves, so they are always in line with them. Presently, they have over three hundred million users. Recent statistics have shown that they open over 171,000 accounts daily. As a payment platform, they have started adopting crypto, and that means their projections of 750 million users by 2022 can be realized.
Square stocks
In October 2020, this company invested over fifty million dollars into bitcoin. Presently, it is worth more than 250 million and still counting. They are the number one company for small businesses and startups. They also have cash apps, so they are not only into cryptocurrencies. However, they are making headway in both ventures.
SOS stocks
Let’s start with the numbers. In the last week, the stock made over 220% gain. In the last month, the stock made over 400% gain. In the last three months, the stock made over 500%. In the last year, the stock made over 660% gain, but in the last five years, they made about 80% loss. Forget about the crazy price stock of this particular company, the company is based in China, and they provide emergency rescue services. Their major clients are healthcare providers who need their data-driven solutions. Now, they are into bitcoin and ethereum mining, hoping to someday give crypto loans and insurances. Now, they have bitcoin and ethereum mining rigs that earn them thousands of dollars daily. The only downside is they are heavily focused on just bitcoin and ethereum.
Tesla stocks
This is by no means a surprise addition. We could not have finished this blog without naming Tesla. No doubt, they are one of, if not the biggest, players in the crypto world presently. This may sound weird since they are not a financial or block Chain Company, but a technology. However, CEO Elon Musk is a genius who understands that any coin making the waves will definitely be integrated into his company. Remember when Tesla bought 1.5 billion dollars’ worth of bitcoin in February? Now, the profits he has made in this short time frame are now more than he has ever made selling cars since the existence of the company.
Now, bitcoin prices will crash someday. Nobody knows when, but it is always better to trade cautiously. One way to do that is by using crypto brokerages. Also, do not claim to be too smart because it has cost many people a fortune.
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Originally published at https://lifestyletipsbyantoaneta.com on March 2, 2021.
