There are speculative cryptocurrency stocks to buy among the top performers, here are the top 10 of those
The regal ideology behind blockchain technology, a digital ledger that tracks the transaction between parties automatically and confirms the belonging of a crypto asset, was to create a borderless, peer-to-peer electronic cash payment system that is efficient and secure. Investors can certainly make their own cryptocurrency investments, perhaps by purchasing a few different cryptocurrencies in tiny sums. But investing in larger, more established businesses that profit from the rising popularity of blockchain and crypto-assets is a better approach to get exposure to the industry. The top 10 cryptocurrency stocks to purchase amid the carnage are listed in this article.
Top 10 Cryptocurrency Stock
Roblox Corporation – Best Cryptocurrency Stock
Market cap: US$39.99
Roblox is on the quest to bring the world together through play. The company enables its users to imagine, make, and have fun with their friends and explore millions of 3D experiences. It took just one session for the RBLX stock to surge from US$77, which implies that it might turn into one of the hottest crypto stocks in 2022.
Coinbase Global – Second Best Cryptocurrency Stock
Market cap: US$55.41
One of the biggest cryptocurrency exchanges is Coinbase Global, which allows users to trade more than 50 altcoins in addition to mainstream cryptocurrencies like Bitcoin and Ethereum. This trading platform’s viability depends on the price of cryptocurrencies rising. Every time someone places an order to purchase or sell cryptocurrency, Coinbase receives a tiny transaction fee. The site also provides its users with ground-breaking technologies.
Voyager Digital – Third Best Cryptocurrency Stock
Market cap: US$0.26
Users can purchase the most well-liked cryptocurrencies on Voyager Digital, a stock and exchange for cryptocurrencies. One of the most desired features in the cryptocurrency business is the ability to earn a good income on the assets, which is another benefit it gives. As more and more users are drawn to this platform because of its different benefits, this stock will keep rising. Over the past several months, the value of the Voyager token has increased by twofold.
Market cap: US$187.68
Leading business intelligence provider MicroStrategy also offers cloud-based services and mobile software. The business wants to provide intelligence to everyone. All difficult questions receive immediate answers from the analytics platform.
Market cap: US$204.36
The largest financial derivatives market in the world, run by CME Group, enables investors to trade futures, wager on, and secure the price of an asset in the future. The exchange operated by CME Group trades a wide range of assets, including commodities used in agriculture and mining, energy stocks, and currencies. Although the CME’s market for crypto derivatives is still modest, it will soon be adding more exchanges for crypto assets.
Market cap: US$8.40
Users of the well-known cheap brokerage software Robinhood Markets can purchase equities, precious metals, and cryptocurrencies. Large cryptos like Bitcoin, Ethereum, and dogecoin can be purchased and sold by investors commission-free. By combining this commission-free business model with an increase in the number of cryptocurrencies available, the platform significantly upends the market share of centralised and decentralised platforms.
Market cap: US$3.46
Biting mining has undergone a significant transformation in recent years. Today, businesses like Canaan create powerful, application-specific integrated circuit devices exclusively for guessing the network’s right hash by brute force. To find the right hash to validate blocks on the Bitcoin network, the company’s next-generation Avalon ASCIS can perform billions of guesses every second.
Market cap: US$0.52
Argo Blockchain mined 597 Bitcoins and BTC equivalents during Q3 2021. As a result, the company’s total number of Bitcoin holdings grew to 1,836. The business wants to support blockchain technology as it develops and has an increasing impact on the world economy. Additionally, it has ambitious intentions to expand outside mining in the upcoming years.
Market Cap: US$1.47
A Canadian company called Hut 8 Mining Corp specialises in mining for Bitcoin and Ethereum. A total of 264 mined Bitcoins were recorded by the firm, with a daily average production rate of 9.11 Bitcoin. One of the best options in the cryptocurrency mining industry, this business has enormous growth potential for the upcoming year.
Market cap: US$3.37
The company’s main goal is to close the gap between the traditional capital markets and the blockchain industry. HIVE has cutting-edge data centers powered by green energy that continuously create new digital currencies like Bitcoin and Ethereum on the cloud. The HIVE stock increased by almost 50% last month and could rise even higher in the upcoming quarters.