13 Best Blockchain Stocks To Buy Now

In this article, we will discuss the 13 all-time blockchain stocks to buy at present. If you desire to skip our analysis of the blockchain manufacture and explore similar stocks, you tin can also have a look at5 Best Blockchain Stocks To Purchase Now.

Block
concatenation

is


a


revolutionary


technology


that


is


gaining


rapid


popularity


among


various


industries

.

It


is


a


digital


ledger


of


transactions


that


are


stored


in


a


distributed

,

secure

,

and


immutable


manner

.

It


is


often


referred


to


as


the


backbone


of


cryptocurrencies

,

only


its


potential


applications


go


far


beyond


fiscal


transactions

.

Blockchain has the potential to revolutionize the way businesses and organizations operate. By using distributed ledger applied science, blockchain enables the secure, transparent, and efficient exchange of data and digital avails. It can as well be used to create more than efficient, secure, and transparent supply chains, reduce operational costs, and improve data security and privacy. Every bit a result, blockchain technology has the potential to increase efficiency, reduce costs, and create better customer experiences. Additionally, the ability to create immutable records on a distributed ledger could revolutionize the mode businesses and organizations manage their records and transactions, leading to increased trust and data integrity.As

the


engineering science


continues


to


evolve

,

its


potential


applications


are


growing


exponentially

.

The Blockchain Industry: An Analysis

The global blockchain technology market was worth $5.92 billion in 2021, according to a report past Grand View Research. The marketplace is expected to be worth $10.02 billion by the stop of 2022, and then grow at a compound annual growth charge per unit of 85.ix% from 2022 through 2030, reaching a value of $1.43 trillion past the end of the forecasted menstruation. Principal factors influencing this growth include the hefty investments beingness poured into blockchain engineering science by both corporations and venture capitalists. Moreover, the rising adoption and acceptance of cryptocurrencies past the world and the legalization of cryptocurrency in certain countries, such as Germany and the U.k., is expected to propel the growth of the global blockchain marketplace.

Some of the top companies operating in the blockchain infinite and investing heavily in the applied science include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:Five), and Paypal Holdings, Inc. (NASDAQ:PYPL). The stocks of these companies, amongst others, are discussed in detail below.


Our Methodology

We studied industry reports and identified major players that are at the forefront of the blockchain industry. We studied their business models, product pipelines, and balance sheets, and then filtered out the stocks with positive market place sentiment. Forth with each stock, we have mentioned analyst ratings, the hedge fund sentiment, and salient features that make them good investments in the infinite. These stocks are ranked according to their popularity amid institutional investors, from least to most.

Best Blockchain Stocks To Buy Now

13. HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE)


Number of Hedge Fund Holders: 1

HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is a leading Canadian cryptocurrency mining visitor that owns and operates sustainable and green data centers. The company is well positioned to capitalize on the growth of the cryptocurrency and blockchain industry. HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is a vertically integrated company and has a significant competitive advantage in the blockchain manufacture due to its low-cost, secure, and reliable operations. The stock is i of the best blockchain stocks to purchase now.

On August 29, Canaccord analyst Joseph Vafi raised his price target on HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) to $7 from $v.50 and maintained a Buy rating on the shares.

At the end of Q3 2022, i hedge fund was bullish on HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE). The fund disclosed a position worth $449,000 in the company.

12. Marathon Digital Holdings, Inc. (NASDAQ:MARA)


Number of Hedge Fund Holders: 8

Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a digital asset technology company that operates as a full service enterprise-grade hosting and infrastructure provider for digital asset miners and blockchain networks. The company is well-positioned to benefit from the growing need for digital asset mining and blockchain development, especially as Bitcoin and cryptocurrency become more mainstream, and is placed among the best blockchain stocks to buy now.

On Oct seven, B. Riley annotator Lucas Pipes revised his price target on Marathon Digital Holdings, Inc. (NASDAQ:MARA) to $viii from $10 and maintained a Neutral rating on the shares.

On December 6, Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported that the company mined 472 Bitcoin in November, bringing its unrestricted Bitcoin holdings to 4,200 BTC, every bit of November thirty. The company also reported $61.7 1000000 of cash in mitt, as of November 30.

At the shut of Q3 2022, 8 hedge funds were long Marathon Digital Holdings, Inc. (NASDAQ:MARA) and disclosed positions worth $9.19 meg in the company.

In improver to Marathon Digital Holdings, Inc. (NASDAQ:MARA), other stocks that are expected to drive outperformance with the growth of the blockchain industry include Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL).

eleven. Canaan Inc. (NASDAQ:CAN)


Number of Hedge Fund Holders: 9

Canaan Inc. (NASDAQ:Tin) is a leading provider of high-functioning computing solutions for blockchain applications, artificial intelligence, and other emerging technologies. The visitor has a strong competitive edge in the marketplace, with its Application-Specific Integrated Circuit (ASIC) mining chips, which are more efficient and powerful than the competition. Additionally, its mining machines have a high level of free energy efficiency, which makes them more attractive to miners. Canaan Inc. (NASDAQ:Tin) is well-placed to benefit from the growth of the blockchain industry and is included among the best blockchain stocks to purchase now.

Every bit of July 6, H.C. Wainwright analyst Kevin Dede has a Buy rating and $5 price target on Canaan Inc. (NASDAQ:CAN).

On October 24, Canaan Inc. (NASDAQ:Can) launched its next-gen ASIC-based bitcoin mining car, the A13 series. The model A1346 offers a hash rate of 110 Th/s and a power efficiency of 30J/TH and the model A1366 has a 130TH/s hash rate capacity and a power efficiency of 25J/Thursday.

At the end of the third quarter of 2022, nine hedge funds were bullish on Canaan Inc. (NASDAQ:Can) and held positions worth $8.iii 1000000 in the company. This is compared to 8 hedge funds in the previous quarter with stakes worth $8.9 million. As of September thirty, Polunin Capital letter is the top investor in Canaan Inc. (NASDAQ:CAN) and has a stake worth $4.6 one thousand thousand in the company.

10. Anarchism Blockchain, Inc (NASDAQ:RIOT)


Number of Hedge Fund Holders: 11

Riot Blockchain, Inc. (NASDAQ:Riot) is a Due north American Bitcoin mining company that operates through three segments: Bitcoin Mining, Data Center Hosting, and Electrical Products & Engineering. The visitor is well positioned to benefit from the current macro trend of increasing institutional and retail investment in the cryptocurrency space. The company is focused on enabling the growth of the blockchain sector through its investments, partnerships, and its ain mining operations. Riot Blockchain, Inc. (NASDAQ:Riot) is one of the all-time blockchain stocks to buy at present.

On Dec 5, Riot Blockchain, Inc. (NASDAQ:Riot) announced unaudited production and operations updates for November. The company reportedly mined 521 Bitcoin in Nov, up 12% twelvemonth over year from 466 Bitcoin. The company’southward hash rate chapters, equally of November xxx, was reported at seven.vii EH/due south.

On Nov 23, H.C. Wainwright analyst Mike Colonnese started coverage of Riot Blockchain, Inc. (NASDAQ:Riot) with a Buy rating and a $10 price target.

At the finish of Q3 2022, 11 hedge funds disclosed buying of stakes in Riot Blockchain, Inc. (NASDAQ:Anarchism). The total value of these stakes amounted to $29.36 million, upwards from $13.63 1000000 in the previous quarter with 13 positions. As of September xxx, Balyasny Asset Management is the top investor in the company and has a position worth $viii.lxxx meg.

nine. Applied Digital Corporation (NASDAQ:APLD)


Number of Hedge Fund Holders: 13

Applied Digital Corporation (NASDAQ:APLD) is a leading programmer and operator of side by side-gen datacenters. The company provides digital infrastructure solutions for high functioning calculating. On November 21, Applied Digital Corporation (NASDAQ:APLD) launched an independent fund for acquiring depressed cryptocurrency avails. The stock is included in our listing of the all-time blockchain stocks to purchase now.

On October 12, Lake Street analyst Rob Chocolate-brown updated his price target on Applied Digital Corporation (NASDAQ:APLD) to $vi from $ten and maintained a Purchase rating on the shares.

At the terminate of Q3 2022, 13 hedge funds held stakes in Applied Digital Corporation (NASDAQ:APLD). The total value of these stakes amounted to $21.7 million, up from $12.19 meg in the preceding quarter with 12 positions. The hedge fund sentiment for the stock is positive.

8. Robinhood Markets, Inc. (NASDAQ:HOOD)


Number of Hedge Fund Holders: 24

In addition to operating one of the most popular stock trading platforms, Robinhood Markets, Inc. (NASDAQ:HOOD) besides offers cryptocurrency trading on its platform. The visitor has captured significant market place share in the cryptocurrency manufacture, and is well-positioned to capitalize on the secular growth trends of the global blockchain industry. Robinhood Markets, Inc. (NASDAQ:HOOD) is i of the all-time blockchain stocks to buy at present.

On Nov 15, Deutsche Bank analyst Brian Bedell revised his price target on Robinhood Markets, Inc. (NASDAQ:HOOD) to $9 from $11 and reiterated a Hold rating on the shares. Robinhood Markets, Inc. (NASDAQ:HOOD) has been growing its user base and, as of November 30, the company has 12.5 million monthly active users.

At the close of Q3 2022, 24 hedge funds were long Robinhood Markets, Inc. (NASDAQ:HOOD) and disclosed positions worth $740 million in the visitor. This is compared to 26 positions in the previous quarter with stakes worth $617.9 million. Equally of September 30, ARK Investment Management is the top shareholder in the company and has a position worth $332.39 1000000.

7. Coinbase Global, Inc. (NASDAQ:COIN)


Number of Hedge Fund Holders: 28

Coinbase Global, Inc. (NASDAQ:Money) is an excellent investment opportunity for investors looking to gain exposure to the cryptocurrency and blockchain industry. The visitor has emerged as a leader in the industry, with a mission to create an open up financial organization for the world. Coinbase Global, Inc. (NASDAQ:COIN) is well-positioned to do good from the growth of digital currencies and blockchain technology as the visitor has already established itself as 1 of the most trusted and secure digital currency exchanges. Coinbase Global, Inc. (NASDAQ:COIN) is placed high among the all-time blockchain stocks to buy now.

On November 22, Needham analyst John Todaro updated his price target on Coinbase Global, Inc. (NASDAQ:COIN) to $73 from $89 and maintained a Buy rating on the shares.

At the terminate of Q3 2022, Coinbase Global, Inc. (NASDAQ:COIN) was spotted on 28 investors’ portfolios that held collective stakes of $976.8 million in the company. Of those, ARK Investment Management was the elevation investor in the company and disclosed a position worth $497.half-dozen one thousand thousand in the company.

Here is what Miller Value Partners had to say about Coinbase Global, Inc. (NASDAQ:COIN) in its 2nd-quarter 2022 investor letter:

Coinbase
Global
Inc.
Ordinary
Shares
(NASDAQ:COIN)
fell during the quarter equally the crypto markets continued to endure. While the company reported disappointing results, information technology committed to capping EBITDA losses at $500M even in the event of “a prolonged market downturn”. Coin’s ample liquidity ($6b in cash on paw) should enable them to survive a prolonged “crypto winter” and invest to strengthen the business concern in the downturn. While the crypto market place is early on in its adoption, Coinbase is focused on building the platform for crypto non only supporting trading, and common cold storage, but moving into NFTs, staking, and crypto derivatives. We meet tremendous upside potential for COIN over the next decade if they are able to successfully execute on their platform strategy.”

6. International Business Machines Corporation (NYSE:IBM)


Number of Hedge Fund Holders: 40

International Business Machines Corporation (NYSE:IBM) has been making strides in the blockchain space. The company has emerged as a leader in the enterprise blockchain services infinite and is well-placed to benefit from the tailwinds in the sector. The company’s IBM Blockchain is a distributed ledger technology (DLT) platform that enables businesses to deeply shop, manage, and share data with other parties. It is based on the open up source Hyperledger Textile framework, which is an open source collaborative endeavor created to accelerate cross-industry blockchain technologies. International Business Machines Corporation (NYSE:IBM) ranks sixth among the best blockchain stocks to purchase now.

Wall Street is bullish on International Business Machines Corporation (NYSE:IBM). This October, Morgan Stanley analyst Erik Woodring revised his cost target on International Business Machines Corporation (NYSE:IBM) to $152 from $155 and reiterated  an Overweight rating on the shares. On October 17, Stifel annotator David Grossman updated his price target on International Business Machines Corporation (NYSE:IBM) to $140 from $150 and maintained a Buy rating on the shares.

At the close of the third quarter of 2022, International Business Machines Corporation (NYSE:IBM) was a part of 40 investors’ portfolios that disclosed positions worth $868.7 million in the visitor. Equally of September 30, Arrowstreet Capital is the largest stockholder in the visitor and has a stake worth $515.76 million.

Some of the companies that are expected to remain at the forefront of the global blockchain industry for years to come include International Business Machines Corporation (NYSE:IBM), Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V), and Paypal Holdings, Inc. (NASDAQ:PYPL).

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Disclosure: None.
thirteen Best Blockchain Stocks To Buy Now is originally published on Insider Monkey.