HomeBlockchainTop 3 Blockchain Stocks to Invest in for Q3

Top 3 Blockchain Stocks to Invest in for Q3

-


Top Blockchain Stocks to Watch: Coinbase, Marathon Digital, MicroStrategy

Crypto stocks have seen a resurgence in recent days, defying market expectations and bouncing back from recent outflows. Despite overall market downturns, inflows into these blockchain stocks have reversed losses, aligning with the trends seen in the cryptocurrency and broader stock markets.

The rebound in these stocks comes at a time when the overall market cap of the crypto sector sits at $2.26 trillion, a significant drop from its recent peak of over $3 trillion. However, investors are showing renewed interest in promising blockchain stocks, with three stocks standing out for their current value and potential growth.

One such standout stock is Coinbase Global (NASDAQ: COIN), a leading crypto exchange that reported Q1 earnings well above expectations. With EPS at $4.40, up 303% from analyst forecasts, and revenue reaching $1.64 billion, Coinbase has seen a significant increase in trading activity, driven by the surge in Bitcoin and digital asset trading.

Another notable stock is Marathon Digital (NASDAQ: MARA), known for its Bitcoin mining operations. The company recently expanded into Kaspa (KAS), a PoW-based cryptocurrency, in a strategic move to diversify its revenue streams. With strong Q1 results showing sales soaring 223% and net income rising 184% year-over-year, Marathon is poised for further growth.

MicroStrategy (NASDAQ: MSTR) is also making waves in the crypto space, with Executive Chairman Michael Saylor leading the charge in acquiring more Bitcoin. The company added 11,931 BTC to its holdings, bringing its total to 226,331 Bitcoin valued at $15 billion. MicroStrategyโ€™s unique strategy of leveraging debt and equity to maximize gains from Bitcoin investments has paid off, with the company seeing significant growth in its cloud subscription revenues.

Overall, these three blockchain stocks are showing resilience and potential for growth in the face of market volatility. Investors are keeping a close eye on these stocks as they navigate the ever-changing landscape of the cryptocurrency market.

LATEST POSTS

Warning: 3 Blockchain Stocks to Avoid in the Event of a Stock Market Crash

Blockchain Stocks to Avoid in a Crypto Market Downturn The volatility of the cryptocurrency market has investors on edge, with the recent downturn in Bitcoin...

Colombiaโ€™s top bank introduces cryptocurrency exchange and stablecoin tied to the peso

Bancolombia Launches Crypto Exchange Wenia and Stablecoin COPW to Compete with Binance and Bitso Bancolombia Launches Crypto Exchange Wenia and Stablecoin COPW Colombiaโ€™s largest bank, Bancolombia,...

Rippleโ€™s CTO Explains Decision to Invest in Ethereum Pre-ICO During ETH Gate Controversy

Ripple CTO's Early Investment in Ethereum and ETH Gate Controversy Explained Ripple's Chief Technology Officer (CTO), David Schwartz, recently made headlines with his revelations about...

Margin Trading Enabled for Nine Trading Pairs on Binance API

Binance Enables Margin Trading for Nine Trading Pairs Binance Enables Margin Trading for Nine Trading Pairs Major cryptocurrency exchange Binance has made changes to its public...

Most Popular