With the rapid growth and potential of blockchain technology, savvy investors are turning their attention to the best blockchain stocks to buy. While cryptocurrencies like Bitcoin and Ethereum continue to dominate the headlines, it’s important to not overlook the leading players in the blockchain industry.
According to forecasts, the growth of blockchain technology could soar above 66% annually between 2022 and 2027. This presents a huge opportunity for companies that are quick to adopt and leverage blockchain technology.
Here are three blockchain stocks that are worth considering for stellar returns:
1. PayPal (PYPL): PayPal Holdings has emerged as a pioneering visionary in the blockchain landscape. In 2020, PayPal took the audacious leap into the cryptocurrency arena, enabling users to buy, sell, and hold digital assets. Despite a YTD return dip of 21%, PayPal’s recent financial metrics paint a picture of resilience and promising growth. Its revenue climbed to an astonishing $7.3 billion, marking a robust 7% year-over-year (YOY) increase. Additionally, PayPal’s net income experienced a meteoric rise, surging by 402% to reach $1 billion. With a P/E ratio of 16.41 and a projected 50% upside, PayPal shows tremendous potential.
2. Riot Blockchain (RIOT): Riot Blockchain is a beacon in the blockchain revolution, with an impressive YTD return of 170%. Despite a dip in Bitcoin production, Riot recorded revenues of $76.7 million, a 5.20% YOY rise. The company’s net loss also saw a substantial 92.17% bump YOY. Riot’s strategic maneuvers during cryptocurrency volume downturns, as well as its commitment to Bitcoin mining, position it as a key player in the blockchain industry. With a projected 118.8% upside, Riot showcases its bright future.
3. Mastercard (MA): Mastercard is constructing a robust, centralized blockchain hub called the Multi-Token Network (MTN). The company’s focus on security, scalability, and seamless interoperability is notable. Mastercard’s financial prowess is equally impressive, with a 14% increase in revenue and a remarkable 25% surge in net income. As credit card usage continues to rise globally, Mastercard’s stock presents an enticing prospect for investors. With a 13% bump in stock price this year and an 18% projected upside, Mastercard is poised for success.
It’s important to note that investing in blockchain stocks, like all investments, carries risks. It’s crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.
In conclusion, as blockchain technology gains traction and shows significant growth potential, it’s essential to recognize the best blockchain stocks to buy. PayPal, Riot Blockchain, and Mastercard are three companies that stand out for their pioneering efforts, financial performance, and future prospects in the blockchain industry.
