- What are crypto stocks?
- How do we make this top list of crypto stocks?
- Do these stocks have the potential to make profits?
Crypto stocks are investments in companies that provide crypto services to investors. As the crypto market grows and becomes a multi-trillion dollar market, several sectors have become interested in blockchain technology. Companies in the financial industry that adopt blockchain tech become attractive investments as revenue from crypto service providers increases with more interested investors joining the marketplace.
However, financial companies and brokers may potentially gain an edge over traditional payment processors. This article will introduce you to the top five crypto stocks with explosive profit potential as investments.
The top five crypto stocks with explosive profit potential
Many companies with significant capital show interest in this blockchain technology sector. The top five potent stocks among them are:
- Coinbase (COIN)
- Mastercard Incorporated (MA)
- Canaan Inc. (CAN)
- PayPal (PYPL)
- Advanced Micro Devices, Inc. (AMD)
Coinbase (COIN)
Coinbase Global Inc. is the largest crypto exchange platform in the world. In this company, almost 50 hedge funds in the database of insider monkeys hold investments worth $2.9B on this platform. Therefore, we can expect this company to explode from the crypto boom.
Why does this crypto stock have potential?
As the crypto industry is booming, this platform has become popular among investors with colossal liquidity and users adoption. Therefore, the rise and adoption of blockchain technology will positively impact this crypto stock’s price. Furthermore, this platform allows millions of users to create accounts and earn fees for every transaction, and their activities directly connect with the Coinbase stock.
What is the perspective of Coinbase?
Many crypto analysts anticipate the average price of COIN can hit near $257 in the next 12 months.
Mastercard Incorporated (MA)
The following potential crypto stock is MasterCard Incorporated (MA), NYSE. A payment solution company provides services worldwide.MasterCard is a leading payment processor service provider with a market cap of $347 billion. Therefore, its presence in the crypto space would allow investors to have a positive outcome.
Why does this crypto stock have potential?
This payment processor platform recently showed more agility in crypto assets. This platform is already popular, and doing business worldwide is a multibillion-dollar company. The company has partnered with several crypto payment processor companies like Amber Group, Bitkub, etc., to provide crypto-linked cards to users. Moreover, the company announced further involvement in crypto fields that will affect the stock price.
What is the perspective of MA?
According to many analysts, the average price of MA might hit $433.00 in the next 12-months.
Canaan Inc. (CAN)
Canaan Inc. is a computer hardware producer company that markets Bitcoin mining machines. As the mining industry found relief from recent environmental pollution threats, this sector might increase its value with mass crypto adoptions.
Why does this crypto stock have potential?
Canaan starts a positive year in 2022, where a 90% gain was provided in Q1. One thing that can attract investors is its significantly higher Return on equity than the industry average. Moreover, the exceptional 35% growth in net incomes over the last five years might be a price driving factor for this stock.
What is the perspective of CAN?
Many analysts predict the price of CAN might reach $15.00 in the next 12-months.
PayPal (PYPL)
Paypal is a multinational financial technology company that facilitates payment worldwide.
Why does this crypto stock have potential?
PayPal is a widely accepted payment processing platform with 123 hedge funds. This company has already made several investments in crypto-focused startups and became the first payment processor to value cryptocurrencies.
What is the perspective of PayPal?
Many analysts anticipate the median price of PYPL might hit $175.00 in the next 12 months.
Advanced Micro Devices, Inc. (AMD)
AMD is a semiconductor firm producing computer/gaming parts that market crypto mining equipment worldwide. The higher trading volume and stable PE ratio might influence investors to consider it a potential investment opportunity.
Why does this crypto stock have potential?
Cryptocurrencies are digital assets based on computing and the internet. The use of cryptocurrencies is increasing with many mining companies that may increase the value of the stock. Therefore, the massive adoption in the mining sector has already made short GPUs in the global market. Moreover, the 5-nanometer chip and fighting to rival Intel would be a key price driver for AMD stocks.
What is the perspective of AMD?
Many analysts anticipate the median target of AMD price is $152.50 in the next 12 months.
Final thought
We make this list of potential crypto stocks that can explode in 2022 by doing sufficient research. There are many other stocks you can count on this list, including Marathon Digital Holdings, Inc. (MARA), Bitfarms Ltd. (BITF), BIT Mining Limited (BTCM), and NVIDIA Corporation (NVDA), etc.