Top 3 cryptocurrency Stocks for 2022
Cryptocurrency Stocks
Modified Date:- Published Date:-Categories: Cryptocurrency
Top 3cryptocurrency Stocks for 2022
The year2022 is displaying bearish conditions only. Yet, crypto stocks could bebeneficial and hold good prospects. This article is all about the top 3cryptocurrency stocks for 2022. Let's take a look at it in more detail.
Arecryptocurrency stocks a good investment?
Cryptocurrenciescan be a profitable method to amass wealth, particularly for early investorslooking to maintain assets long-term. Yet, the returns aren't assured since thecrypto market is extremely volatile — forcing many investors to have someconcerns.
AMD
AdvancedMicro Devices (AMD) is a semiconductor designer based in the USA. The businesswas already able to yield a worthy return for its shareholders in 2021 with aprice gain of 71%, It is still on a substantial growth path with an average EPSgrowth of 35% over the next five years.
Is AMD aCrypto Stock? Notliterally. Yet, AMD profits massively from crypto mining. The firm's productsare needed for the mining process and rise in sales when mining interest grows.According to Kostolany, AMD is a "shovel manufacturer" of the cryptoindustry.
block
The paymentfirm established by former CEO of Twitter and crypto fanatic Jack Dorsey isdistinguished by ingenious products. Square is the parent organization ofUS-based Cashapp, which allows digital payments. In addition, Square sellspayment terminals and is thus pushing the digitization of transactionsmassively. In the future, Square would like to further concentrate onblockchain and cryptocurrencies. As a result, Dorsey renamed the firm Block.2021 was a difficult year for payment service providers on Wall Street (Paypal-11%), and Block also crashed. The company's price is nearly 20% lower over ayear. Yet, the firm continues to grow rapidly.
Coinbase
The topcrypto stock Coinbase,the US crypto broker, only went public in April 2021. The SanFrancisco-based firm blazes with rippling returns and a low valuation (PEGratio of 0.41). In addition, Coinbase has several projects in the pipeline thatcould give the broker further gain.
In additionto the traditional brokerage business, business departments such as theCoinbase cloud or a marketplace for NFT are materializing. Even though Coinbaseprofits from more trading volume and therefore more expenses when crypto pricesincrease and drop, the price of Coinbase shares usually grows similar to thebest-known cryptocurrencies.
Top 3cryptocurrency Stocks for 2022: How to Buy Bitcoin Stocks in 2022?
Anyone whois still unwilling to invest instantly in Bitcoin and to deal more intensivelywith issues such as wallets and transactions can utilize Bitcoin shares as anoption. These are the shares of businesses that are directly connected toBitcoin or indirectly profit from the growth of Bitcoin.
Forinstance, Bitcoin exchanges and brokers on which Bitcoin or connectedproducts are sold such as Binance, profit from Bitcoin. A growing Bitcoinusually guarantees a grown trading volume on these platforms. Other businessesthat profit from Bitcoin contain suppliers of Bitcoin mining tools.
Top cryptocurrency, AMD, block, Coin base, top crypto stock, Coin base ,US crypto broker ,Bitcoin exchanges, NFT, Binance