Best Blockchain Stocks to Buy Now in 2022
Most people have heard about blockchain as the foundational technology that fuels a wide range of cryptocurrencies. In 2022, it looks like investors want to learn more about blockchain to make long-term investment decisions. You may not be aware of it, but the blockchain market is expected to grow by over $395 billion in the next five years.
In the last few years, the use cases of blockchain technology have had an exponential increase. And when it comes to blockchain stocks, it is crucial to understand the big picture and have clarity about the future outlook. The fact of the matter is that there is a mainstream adoption of blockchain technology in different sectors. It means there is a long-term and exciting investment opportunities on the horizon.
The focus of this guide is to make it easier for investors to choose from the best blockchain stocks in 2022:
- 1 Best Blockchain Stocks to Buy Now in 2022
- 1.1 What are Blockchain Stocks AKA Crypto Stocks
- 1.2 Top 5 Blockchain Stocks
- 1.3 How to Invest in Blockchain Stocks
- 1.4 How to choose Blockchain Stocks to invest in?
- 1.5 Where to Buy Blockchain Stocks
- 1.6 Conclusion
What are Blockchain Stocks AKA Crypto Stocks
Fundamentally, blockchain stores transactions in the form of blocks and chains them together through cryptography. This, in turn, makes it (almost) impossible to manipulate stored information on the blockchain. When it comes to blockchain stocks, every company uses blockchain technology differently.
For instance, Block focuses on crypto traders to make a speculation of tokens that use the blockchain and IBM develops blockchain-based software solutions to support specific business needs. Similarly, banks use blockchain technology to reduce auditing costs.
In fact, even Walmart now uses blockchain to maintain its high standards. Since blockchain technology is highly versatile, it would be fair to state that blockchain stocks have the potential for exponential growth in the coming years.
Top 5 Blockchain Stocks
NVIDIA continues to compete with AMD and Intel to get a bigger market share mainly in computer graphic cards. Our technical stock analysis hints that 2022 is going to be a great year for NVIDIA. With the launch of new GPUs, the investment potential of NVIDIA looks promising.
For years, NVIDIA (NVDA) continues its streak as a leading manufacturer of GPUs. Whether it’s autonomous vehicles, gaming, or artificial intelligence, NVIDIA understands that GPUs have become essential components. Plus, GPUs are integral hardware components when it comes to crypto mining. And miners use custom GPUs in order to process transactions through blockchain
Since the COVID-19 pandemic crisis, the share price of NVIDIA has managed to increase by over 660%. And by the end of Q4 2021, the stock price of NVIDIA reached an all-time high of $346.47 per share. In Q1 2022, however, stock price of NVIDIA decreased by 40%. But it is crucial to understand that this sudden decline has to do with the broader chip manufacturing market in the world.
As the Russia and Ukraine conflict continues, the global stock market will see a dwindling trajectory in the Q2 of 2022. On the bright side, the recent decline in NVIDIA’s stock price serves as an opportunity for the most committed investors.
In fact, long-term and experienced investors still believe that NVIDIA is one of the most profitable blockchain stocks to invest in. As of Q1 2022, NVIDIA is well-positioned to capitalize on the continuous adoption and growth of blockchain technology as well as the metaverse.
Full Article: NVIDIA Stock Forecast
Although Amazon has a long list of products, blockchain may be one of its most exciting options in 2022. More investors need to understand that Amazon is more than just giant retail – the company also hosts the biggest cloud service on a global scale.
As of 2022, you can use Bitcoin to cover the cost of Amazon goods and buy prepaid gift cards on Amazon. Market data also points out that the retail and cloud service giant is also planning to roll out its own crypto project. This would make it possible for customers to their fiat currency into digital currency. After that, customers can use digital currency to get any Amazon goods or services.
Before the end of Q1 2022, Amazon reported a major increase in its earnings due to its cloud segmentation, Rivian, and AWS. With a great holiday season, Amazon’s eCommerce segment managed to render great results that put fears of major retail shut down to rest.
Usually, investors are not 100% clear whether or not an investment is profitable until the stock market realizes it. And when it comes to AMZN, the market perception and optimism toward the company’s offered goods and services is at an all-time high.
When you look at AMZN through the speculative valuation, it does, in fact, pose some investment risk. But like major companies, AMZN blockchain stocks serve as a speculative investment with a $1 trillion market cap. The AWS offers dedicated Amazon Managed Blockchain that allows users to create and manage their custom blockchain networks.
In fact, there is a good chance Amazon may ultimately integrate blockchain tech into its giant eCommerce business model. When it comes to Amazon’s Q1 2022 revenue, blockchain represents a small percentage.
Still, blockchain technology is bound to evolve and create more investment opportunities. Many people now realize that creating and managing a blockchain network through Amazon Managed Blockchain is a great solution. You can use AMB to manage certifications and invite new members to be part of the network.
Full Article: Amazon Stock Forecast
In 2022, IBM makes up one of the best blockchain investments. Although IBM offers a variety of attractive products and services, its blockchain-based solutions continue to garner more attraction. CNBC reports that shares of IBM closed at 7.1% after the giant consulting provider managed to report higher Q1 earnings than expected.
Analysts believe this trend would increase the share price of IBM throughout the year. In fact, the Q1 2022 gains of IBM are record high since April 2020. The century-old tech company has always been favorable to long-term investors. Officially, IBM states that they’re making incremental and constructive changes that would outperform the revenue growth of the last three quarters.
Of course, the stock price of IBM has had a tumultuous journey. But the current price of IBM stock stands at $133.60. IBM plans to roll out a new custom mainframe computer that is bound to increase its growth trajectory.
Market data hints that IBM, on average, is growing at 6% in Q1 2022, which is 2% higher the last year. As more and more companies embrace blockchain tech, IBM is ready to leverage it. Unlike others, IBM has cheaper blockchain stocks than other market players. In terms of blockchain, IBM Blockchain offers some of the most transformative solutions for its clients. Interestingly, IBM Blockchain is working to build a more sophisticated and robust supply chain.
Full Article: IBM Stock Forecast
Block Inc., previously, Square, functions as a P2P cash trading application that makes it possible for customers to pay anyone at any time. Block Inc. now also features advanced and swift payment processing that favors small businesses. Back in 2018, Square allowed its customers to use Bitcoin, this added significant value to the company in Q2 and Q3 of 2021.
The major shift from Block stems from the fact that it wants to make the most out of blockchain tech and cryptocurrencies. In 2021 alone, Block’s revenue generation was over $9.8 billion in Bitcoin sales. By the end of 2021, brokerage Cash App of the Block made around $42 million by providing cryptocurrency trading services to a diverse range of clients.
As of 2022, Block plans to dive completely into the crypto space and market analysts believe it would become one of the best blockchain stocks to invest in. As of the start of Q2 2022, the share price of Block Inc. stands at $84.15. In 2022, you can expect Block to be one of the most attractive and high-priced stocks to purchase.
Full Article: Block Inc Stock Forecast
Silvergate had a great Q4 2021 and managed to purchase assets from none other than Diem Association. It is a dedicated crypto project that was previously part of the Meta Platforms. In the past, Silvergate has managed to generate a stable stream of revenue.
For instance, Silvergate managed to expand SEN to support euro money transfers and even issued a Bitcoin valuation of $205 million to collateralize a MicroStrategy loan. It is too obvious that the crypto bank wants to benefit from the blockchain and crypto momentum. Clearly, this crypto bank is riding strong momentum with its platform for the digital money movement.
The current stock price of Silvergate Capital is $74.87, which has been stable for the two quarters. If you’re looking for long-term exposure in the blockchain and crypto space, then investing in Silvergate would be a great option. Since Silvergate Capital operates as a cash-generating entity, it can bring more investment value to blockchain stock.
Full Article: Silvergate Capital Stock Forecast
How to Invest in Blockchain Stocks
With an online broker platform, you can directly invest in blockchain stocks like NVIDIA and IBM. Similarly, you can also invest in EFT or exchange-traded fund. This, in turn, would allow you to invest in a specific company’s shares with direct blockchain exposure. Another way to invest in blockchain stocks is to participate in various crowdfunding. For instance, you can invest in a new company that is working or plans to roll out a new blockchain-based project.
How to choose Blockchain Stocks to invest in?
Follow the lead of experienced investors who strategically make investments. And when it comes to buying blockchain stocks, you can adopt the same approach and make significant gains over time.
For starters, you have to be clear about “why” you’re investing in specific blockchain stocks and would it serve your needs in the long run. In line with the blockchain stocks, there is a plethora of investment opportunities. So, opt for blockchain stocks that offer fewer risks and high stability.
Remember, each investor has its own goals and objectives. So, take your time to explore blockchain stocks and find out how they tie together in different industries. As an investor, you should also expand your knowledge about blockchain knowledge to understand its use cases and applications in different industries.
Once you possess vast knowledge of blockchain technology, it would help you make calculated and logical investment decisions. You can also garner support from the online blockchain community. In fact, many investors view the online blockchain community as a hub to be aware of new and upcoming market trends.
Where to Buy Blockchain Stocks
With an online broker solution like eToro, investors would find it much easier to buy or invest in blockchain stocks. With each passing year, more and more investors are using eToro to make valuable and long-term investments with utmost convenience.
Here’s a brief and simplified process to open an account on eToro:
Step 1: Open an Account
You can open an eToro account in a manner of minutes. On the main application form, you just need to fill out some personal information.
Step 2: Upload ID
In order to comply with KYC and AML regulations, eToro will require you to upload your ID so that it can verify it. You will need a driver’s license or a valid passport as the main verification documents. You would also need a bank account statement for the last three months and a utility bill.
Step 3: Make a Deposit
Before you can in invest in specific blockchain stocks, you will first need some funds. You can make deposits without any fee through PayPal, Debit/Credit card, or wire bank transfer.
Step 4: Search for Stock
Throughout the eToro platform, you will find high-performance and attractive blockchain stocks you can invest in for an extended period. You can make a minimum stake of $10 with a single click on eToro.
Use the search box to search for a particular blockchain stock you want to invest in. Once you choose blockchain stocks, you can click on “Trade” to create a tick and process the order. Remember that the trading ticket allows investors to set predefined stop loss along with profit price levels.
Stock market experts and financial wizards believe that blockchain stocks serve as a good investment. Like other stock investments, make sure to diversity your blockchain portfolio. In hindsight, the right course of action for investors is to research different blockchain stocks and then make a long-term investment decision.