Invest in Coinbase, Mastercard, and Block for potential market-beating returns in blockchain technology.

From Nasdaq
July 23, 2024 09:30:00 AM:

Blockchain technology is gaining traction beyond cryptocurrencies, with significant growth potential. Data from Fortune Business Insights projects the global blockchain market to grow from $27.84 billion in 2024 to $825.93 billion by 2032 at a CAGR of 52.8%. This technology is reshaping industries like finance and real estate.

Coinbase (COIN) is a major player in the blockchain space, processing billions of transactions. In Q1, it reported $1.6 billion in revenue, up 72% YoY. The company’s new venture, Base, a layer-2 platform on Ethereum, aims to enhance user experience. With blockchain’s future promising, COIN is seen as one of the best stocks to invest in.

Mastercard (MA) is adapting to the cashless economy with a blockchain strategy called Multi-Token Network (MTN). This platform allows secure digital asset transactions through tokenization and supports De-Fi apps development. With so much potential, MA stands out as one of the top blockchain stocks in the market.

Block (SQ), formerly Square, is making waves in blockchain with investments in Bitcoin and decentralized apps. Its Cash App processes crypto transactions for its large user base. With initiatives like Bitkey and TBD, Block is innovating in the blockchain space. Additionally, its Q1 revenue was up 19% YoY, making it a solid choice for long-term gains.

Read more at Nasdaq: 3 Blockchain Stocks to Bet On for Market-Crushing Returns