Top 7 Blockchain Stocks to Invest in for Profitable Returns
Blockchain technology has gained significant attention in recent years. From logistics to banking and healthcare, this distributed ledger system is transforming various industries and offering ample investment opportunities. Blockchain is becoming an anchor for companies looking to support their business models with emerging technologies. So, if you’re on the hunt for profitable returns with blockchain, here are the top 7 blockchain stocks to invest in.
1. NVIDIA Corporation (NVDA)
NVIDIA Corporation is a renowned company in the technology industry, with a focus on graphic processing units (GPUs). However, in recent years, the company has ventured into AI and blockchain technology through its graphic cards. With more companies adopting blockchain technology, the demand for NVIDIA’s products and services has surged, which positions the company as a go-to blockchain stock for potential investors.
2. IBM Corporation (IBM)
IBM Corporation is a technology giant that aims to transform traditional business models through blockchain technology. IBM’s blockchain technology is already in use in various sectors like finance, trade, and logistics and boasts a notable list of partnerships with renowned companies. An investment in IBM is positioning yourself on the frontline of blockchain adoption with a company already making waves in the industry.
3. Overstock.com Inc. (OSTK)
Overstock.com is another company that has been keen on the blockchain since its early days. Through its subsidiary, tZERO, Overstock has been using blockchain technology for clearances and settling securities. The company’s forward vision has garnered massive investments from renowned backers, with the stock showing potential for exponential growth in the near future.
4. Square Inc. (SQ)
Square is known for its credit card payment platform amongst small businesses. However, the company has been venturing into other forms of financial technology, including blockchain technology, with its Cash App. The Cash App offers Bitcoin and other cryptocurrency purchases, which positions the company as a blockchain investment opportunity.
5. DocuSign Inc. (DOCU)
DocuSign is a company that specializes in electronic signatures, but they have extended their services into secure agreement management. While the company is yet to adopt blockchain technology in their core operations, they are leaning towards blockchain to ensure secure authenticity and immutability of documents, which makes the company a potential blockchain player.
6. PayPal Holdings Inc. (PYPL)
PayPal provides digital payments solutions to individuals and businesses. The company has diversified its portfolio and ventured into cryptocurrency transactions. Recently, PayPal announced adding Bitcoin and other cryptocurrencies into its services, positioning the company in line with the blockchain industry.
7. Riot Blockchain Inc. (RIOT)
Riot Blockchain is a company that positions itself as a blockchain technology solution provider that aims to revolutionize companies through distributed ledger technology. With diverse investments in Bitcoin mining and other frontier areas of blockchain technology, Riot Blockchain is another great blockchain investment opportunity.
In Conclusion,
Blockchain technology’s potential is enormous, and investing in established companies that have a focus on this technology is a smart move for investors. With the above top 7 blockchain stocks, one can invest in the future while making profitable returns.
