From Nasdaq:

Blockchain stocks are showing growth potential despite recent muted enthusiasm for cryptocurrencies like Bitcoin. Wall Street analysts anticipate double-digit growth for EPS and revenue for these companies due to new liquidity in the market and wider acceptance of cryptocurrencies as a valid investment.

Coinbase (COIN) remains a major player in the blockchain and cryptocurrency exchange market and plays a key role in the administration of Bitcoin spot ETFs. It is expected to see a surge in revenue of 16.87% and an increase in EPS from -81 cents to -19 cents, making it one of those blockchain stocks with growth potential.

Riot Blockchain (RIOT) focuses on cryptocurrency mining, primarily Bitcoin, and is expected to see a 61.33% top-line increase for FY2024. It holds 7,362 Bitcoins with a market value of $310,011,317 and is seen as undervalued based on the assets on its balance sheet, making it one of those blockchain stocks with growth potential.

Nvidia (NVDA) is seeing substantial growth potential from the blockchain industry due to its GPUs being crucial for cryptocurrency mining. Analysts expect a 67.57% climb in EPS during FY2024. Despite a high valuation, NVDA has strong growth potential in the blockchain industry, making it a stock to watch for investors.



Read more: 3 Once-in-a-Lifetime Blockchain Stocks With Unprecedented Surge Potential