Top blockchain stocks like NU Holdings, Coinbase Global, and MicroStrategy are showing strong growth potential.

From Nasdaq Corporation
July 30, 2024 11:37 AM:

Choosing blockchain stocks involves considering regulatory risks due to the industry’s young age. JD Vance, a pro-crypto nominee for Trump’s potential 2024 presidential run, could impact crypto regulations positively. Blockchain stocks like Nu Holdings (NU) have seen a 64% year-over-year rise in revenue, promising growth potential with pro-crypto regulation.

Nu Holdings (NU) is a major digital banking platform outside of Asia with nearly 100 million customers in South and Central America. The company’s blockchain-powered services and financial growth make it a lucrative investment opportunity. NU stock has surged 49% in 2024 backed by robust financial results and potential in the blockchain sector.

Coinbase Global (COIN) is a leading U.S. cryptocurrency exchange favored by American investors for blockchain exposure. Despite legal challenges, COIN stock has risen 45.58% year to date, thanks to the SEC’s approval of crypto ETFs. COIN could see higher institutional interest and potentially remarkable returns with recent regulatory developments.

MicroStrategy (MSTR) is a notable enterprise analytics company heavily invested in Bitcoin with an impressive $14.6 billion stake in the cryptocurrency. Its blockchain-powered identity system and substantial Bitcoin holdings contribute to its status as one of the best-performing blockchain stocks, up 137% year-to-date. Adding MSTR to a portfolio could lead to substantial returns with Bitcoin’s recent price rally and promising blockchain plans.

Read more at Nasdaq: What Are the Hottest Blockchain Stocks Right Now? 3 Top Pick