Blockchain stocks are the stocks of the companies that use the game-changing blockchain technology for their benefit. The blockchain technology is the most advanced record-keeping technology that allows companies to keep decentralized, secure, and public ledger.
Blockchain technology can be implemented in telecom, financial services, technology, and various other domains. The global blockchain market is at $1.2 billion in 2018 and is expected to reach $23.3 billion by 2023, a whopping 80.2% annual growth rate.
Investors have increasingly started investing in cryptocurrencies to make profits off the blockchain technology. However, investing in cryptocurrencies is highly risky and volatile. A far less risky way to take part in the disruptive capabilities of blockchain technology is by investing in blockchain stocks.
|BBKCF||Big Blockchain Intelligence Group Inc||$0.89||368.42%||212.9M|
|BCII||Blockchain Industries Inc||$0.22||10.00%||9.4M|
|DMGGF||Dmg Blockchain Solutions Inc||$0.86||1333.33%||177.1M|
|GBTC||Bitcoin Invt TR||$48.93||228.17%||33.9B|
|HSSHF||Hashchain Technology Inc||$1.57||282.93%||161.3M|
|HUTMF||Hut 8 Mining Corp||#N/A||#N/A||#N/A|
|HVBTF||Hive Blockchain Technologies Ltd||#N/A||#N/A||#N/A|
|KTPPF||Katipult Technology Corp||$0.15||#N/A||14.0M|
|MARA||Marathon Patent Group||$52.81||2147.23%||5.3B|
|MGTI||MGT Capital Investments Inc||$0.04||300.00%||23.0M|
|RIOT||Riot Blockchain Inc||$27.43||683.71%||2.6B|
|SNSFF||Venzee Technologies Inc||#N/A||#N/A||#N/A|
|VSQTF||Victory Square Technologies Inc||$0.33||-19.51%||38.6M|
|LBCC||Long Blockchain Corp||#N/A||#N/A||#N/A|
|AMD||Advanced Micro Devices Inc||$120.90||58.25%||146.8B|
|ICE||INTERCONTINENTAL EXCHANGE INC COM||$136.71||45.79%||77.1B|
|CAN||ACCENTURE PLC IRELAND||$8.80||375.68%||1.5B|
|TSM||TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS||$114.25||36.26%||557.5B|
|AKAM||AKAMAI TECHNOLOGIES INC||$105.02||7.82%||17.1B|
|MGI||MONEYGRAM INTL INC||$6.58||53.38%||602.1M|
|SBNY||SIGNATURE BK NEW YORK N Y||$294.80||279.90%||17.9B|
|BBVA||BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR||$6.52||137.96%||43.5B|
|SAN||BANCO SANTANDER SA||$3.83||109.29%||66.1B|
|AXP||American Express Co||$178.01||94.33%||141.4B|
|BABA||Alibaba Group Holding Ltd||$167.83||-45.50%||455.6B|
|BAC||Bank of America Corp||$47.57||102.68%||391.8B|
|BR||Broadridge Financial Solutions||$182.26||34.53%||21.2B|
|CME||CME Group Inc||$217.75||45.59%||78.0B|
|CSCO||Cisco Systems Inc||$56.41||57.97%||238.2B|
|GS||Goldman Sachs Group Inc/The||$410.27||116.19%||138.3B|
|HPE||Hewlett Packard Enterprise Co||$14.62||74.67%||19.1B|
|IBM||International Business Machine||$125.78||17.94%||112.7B|
|ING||ING Groep NV||$15.20||123.53%||59.6B|
|JPM||JPMorgan Chase & Co||$168.81||74.86%||504.1B|
|MU||Micron Technology Inc||$70.03||40.06%||78.4B|
|TRI||Thomson Reuters Corp||$119.49||53.04%||59.3B|
|TXN||Texas Instruments Inc||$188.35||31.71%||174.0B|
|PYPL||PAYPAL HOLDINGS INC||$234.06||21.71%||275.2B|
|INFO||IHS MARKIT LTD||$130.17||63.39%||52.0B|
Factors to Consider Before Investing in Blockchain Stocks
The most significant factor to consider before investing in blockchain stocks is to research and understand the type of technology used by the blockchain company. The technology must be disruptive and must be able to sustain for a long time.
Additionally, investors must consider the high volatility and risks involved with investing in blockchain stocks. Blockchain stocks do not swing as much as cryptocurrencies, yet they are not suitable for risk-averse investors.
The decision to invest in blockchain stocks will also be impacted by the fact that blockchain technology and stocks are unpredictable. The stocks have been following an uptrend for the past few years, but there is no certainty that they will continue to do so.
Which Blockchain Stocks Should I Buy?
We have compiled a list of the blockchain stocks to make it easier for you to make your selection. The choice will depend on the future potential, growth trends, and past performance of the company. Investors must also keep their risk appetite and time horizon in mind.
Blockchain technology has varied uses and has turned out to be a game-changer. However, every company that adopts blockchain technology may not be able to derive the maximum efficiency out of the technology. Investors should research the business model of the company and the management team behind the company to make better investing decisions.