Top 5 Best Blockchain Stocks to Invest in 2021
The world of stocks and investments can be overwhelming, and with the emergence of blockchain technology, investors now have a new avenue to explore. Blockchain technology, which underpins cryptocurrencies, offers a decentralized and secure platform for transactions. It has been rapidly gaining popularity in recent years, with an increasing number of companies related to blockchain technology emerging. Here are the top 5 best blockchain stocks to invest in 2021.
1. Square, Inc. (SQ)
Square is a payments company that has been making waves in the industry. The company’s Cash App allows users to trade cryptocurrencies such as Bitcoin and Ethereum, making it an attractive investment option for those looking to diversify their portfolio. Square’s stock has been on a steady rise, with a 5-year growth rate of over 450%.
2. NVIDIA Corporation (NVDA)
NVIDIA is primarily known for its graphics processing units (GPUs), but the company has also been at the forefront of blockchain technology. NVIDIA’s GPUs have been used extensively in cryptocurrency mining, making it a key player in the industry. The company’s stock has been performing well, with a 5-year growth rate of over 150%.
3. IBM (IBM)
IBM has been a major player in the technology industry for decades, and the company has been making strides in the blockchain space. IBM’s blockchain platform, IBM Blockchain, is a secure and transparent platform for businesses to conduct transactions. With a 5-year growth rate of over 25%, IBM is a reliable option for investors looking to tap into the blockchain industry.
4. PayPal Holdings, Inc. (PYPL)
PayPal is a well-established payment company that has been expanding into the cryptocurrency space. The company’s recent announcement of its support for cryptocurrencies has led to an uptick in its stock price. PayPal’s stock has a 5-year growth rate of over 460%, making it an attractive option for investors looking to take advantage of the growing interest in cryptocurrencies.
5. Riot Blockchain, Inc. (RIOT)
Riot Blockchain is a Bitcoin mining company that has been garnering attention from investors. The company’s stock has had a volatile history, but with Bitcoin’s recent surge in price, Riot Blockchain’s stock has been on the rise. With a 5-year growth rate of over 130%, Riot Blockchain is a high-risk, high-reward option for investors looking to invest in the blockchain industry.
Conclusion
Investing in blockchain technology can be a promising opportunity for investors who are willing to do their research and take calculated risks. The five companies mentioned above are all at the forefront of the blockchain industry and have shown consistent growth over the years. It is important to note that investing in any stock carries risks, and it is important to consult with a financial advisor before making any investment decisions.
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