These 5 blockchain stocks that are best for investing

These 5 blockchain stocks that are best for investing

Blockchain
by Editor's Desk
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Blockchain technology is a promising and fast-growing field, and there are plenty of companies that offer blockchain solutions in the form of software, hardware, and services. There are currently many blockchain stocks trading on the stock market. One way to find the best stocks is by looking at their past performance. The following 5 stocks
These 5 blockchain stocks that are best for investing

Blockchain technology is a promising and fast-growing field, and there are plenty of companies that offer blockchain solutions in the form of software, hardware, and services.

There are currently many blockchain stocks trading on the stock market. One way to find the best stocks is by looking at their past performance. The following 5 stocks have been outperforming in this industry for a long time.

DocuSign 

What makes DocuSign the #1 electronic signature service is an advanced infrastructure that provides instant, legally binding agreements. They’ve been working on blockchain-based smart contracts since 2015. Eliminating paper means huge savings in time and cost for businesses. Company’s cloud platform gained support, while company’s margins have expanded in recent quarters. Dr. Sills says that DocuSign is well positioned to increase its share of a $24 billion market.

Coinbase 

Investors and analysts don’t necessarily agree on which cryptocurrencies will take over, or which companies will successfully build the metaverse. Bitcoin, the blockchain and the metaverse make up three of the most popular concepts in tech right now. Bitcoin exchange Coinbase is predicted to be increasingly involved in all three. The CFRA analyst David Holt says that Coinbase has the potential to exceed expectations given the long-term growth potential of the “cryptoeconomy” which is being built on blockchain technology.

International Business Machines Corp. (IBM)

IBM has been a leader in, and invested heavily in blockchain technology. They have been struggling to update their legacy business model but have expressed interest in the technology’s potential to transform it. IBM’s blockchain work has been used for various applications, one being to help companies strengthen their supply chain networks. This is an issue that has plagued the US economy in recent months. According to analyst Wamsi Mohan, the company’s cloud and AI initiatives will help them gradually gain market share in the IT industry as he predicted.

VMware 

VMware is a company that provides major enterprise virtualization software. Their VMware Blockchain was launched in 2020. This allows developers to build highly complex workflows and meet the needs of business-critical, multiparty applications. Morningstar analyst Mark Cash says that the recent spin-off of Dell’s 81% stake in VMware is good news for investors because VMware won’t be weighed down by Dell. It means that they can continue to provide growth catalysts while operating more independently. VMware will have a positive impact on both long-term growth & financial margins.

Nvidia 

Nvidia is a graphics card and chip manufacturer. They produce high-end technology for personal, server and supercomputers. Bank of America’s Vivek Arya believes that there is a very high chance that Nvidia will be one of the leaders in providing the resources to power the metaverse. This virtual reality is supposed to have a major connection to blockchain technology. Nvidia has been focusing on the metaverse for years and launched its own version of the system late 2020. They also produce cryptocurrency mining chips which increases the detectability of the system.

Blockchain Magazine doesn’t give any investment advice, the views are only for informative and educational purposes. Investing in crypto and stock markets have their own risks.