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Best Blockchain Stocks to Buy in 2021

This article aims to introduce the best blockchain stocks to buy in a world that recovers after the COVID-19 pandemic. The technology sector in the United States fared very well during the health crisis, so blockchain-based companies profited from investors’ renewed interest. 

The Covid-19 pandemic has brought about new opportunities driven by blockchain, such as immunity passports that need to be verified independently. This can be done easily by using such innovative technologies. Let’s find out more about the best blockchain stocks to buy this year.

Where Can I Buy Blockchain Shares?

Brokerage firms provide access to all financial markets around the world. The best brokers for online trading have a robust, user-friendly platform with high-quality trading tools, excellent customer service, no hidden account charges, and reasonable investment minimums.  The top brokers shortlisted below offer the best conditions to trade blockchain shares.

1
NVIDIA (NVDA)
Our score
10
One of the biggest hardware manufacterers in the world
Impressive net income figures above $2.8B in 2020
Nvidia chips are being used to drive AI Adoption
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2
Microsoft (MSFT)
Our score
9.3
One of the strongest companies in the Tech niche
Leader in Cloud, Devices, Services, Software, AI and Research.
Founded in 1975 by Paul Allen and Bill Gates (2nd Richest Billionaire - Forbes)
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3
Canaan (CAN)
Our score
8.7
Chinese blockchain technology company based in Zhejiang
The company manufactures mining hardware for cryptocurrencies
With the recent rise of the crypto industry, CAN stocks soared up to 400% in the first two months of 2021
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4
Facebook (FB)
Our score
8.5
2 Billion Monthly Active Users
Steadily Growing Share Price
$70.7 Billion Revenue in 2019
Description:
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5
Oracle (ORCL)
Our score
7.9
Oracle was founded in 1977 and is headquartered in California.
Market Cap. of +185 Billion dollars as of February 2021.
The fastest expansion by any major cloud provider.
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Overview of the Blockchain Companies

The blockchain industry generated a lot of interest in the past, even though much of the initial hype disappeared after cryptocurrencies peaked in December 2017. However, as cryptocurrencies made new all-time highs in early-2021, blockchain stocks rocketed to sky-high levels. 

The industry is forecast to expand and blockchain is often known as the “technology of trust”, in the sense that the technology rarely fails. Based on the DLT or Distributed Ledger Technology, it has numerous applications in the fintech space and has attracted a lot of interest from the investing community in general.

Blockchain is often an energy-intensive industry and requires large investments for its infrastructure. The blockchain stocks presented in this article are involved in all areas blockchain-related, from crypto-mining to the maintenance of blockchain infrastructure and other adjacent products and services. 

What Are the Trading Hours for Blockchain Shares? 

Most shares are listed over the counter or OTC, but some of the companies presented in this list are also listed on the Nasdaq. Therefore, make sure you are familiar with the North American trading hours - 9:30 A.M. to 4:00 P.M. (ET) on weekdays. 

How to Trade and Invest in Blockchain Shares?

1

Open a trading account

Opening and funding a live trading account is the first and the simplest step in the process. You will need to provide a username, password, email, and address to open an account. The trading platform will insist on identity verification which can be done by providing identification documents to comply with Know Your Customer (KYC) regulations.

2

Choose Blockchain Shares

The next step is to fund your account. Select a stock to compare it to its peers and analyse its future prospects. It is also important to conduct thorough fundamental and technical analyses before purchasing the stocks.

3

Place Your Trade

Once your account is funded, start trading. Place the order for the trade and set up a stop loss to prevent heavy losses. You can add the share to a portfolio tracking app that provides updates regularly. These updates can either be in the form of news related to the stock or other technical indicators. You should monitor the stocks in your portfolio so you can adjust your position if required.

Top 10 Blockchain Shares to Buy

These are the best ten blockchain shares to buy in 2021 based on their exposure to blockchain technology and their financial strength. We’ve also selected the top five to provide a starting point in your research.

  1. Blockchain Foundry 
  2. Ebang International 
  3. Bitfarms
  4. Codebase Ventures 
  5. Long Blockchain  
  6. Argo Blockchain 
  7. Ault Global  
  8. Hive Blockchain 
  9. Riot Blockchain 
  10. DMG Blockchain  

1. Blockchain Foundry 

A Canadian company headquartered in Toronto, Blockchain Foundry offers blockchain-based business solutions in Europe, Canada, and the Americas. It provides a marketplace called Blockmarket suite, a platform that connects buyers and sellers of digital assets and allows clients to have a custom wallet. 

Blockchain Foundry’s share price increased by more than 450% in the past year, although it has a shallow dip of 5% in the first months of 2021. 

2. Ebang International  

Ebang is based in China and produces machines used for mining Bitcoin and other cryptocurrencies. It also manufactures accessories and fibre optic devices, among other products. In December 2020, it announced plans to launch its own cryptocurrency exchange, which could significantly boost its popularity among investors. 

Ebang International increased by 2.47% this year, falling behind its competitors. This may be an early opportunity for investors to buy this undervalued stock before the expected growth associated with its own cryptocurrency exchange. 

3. Bitfarms

Another Canadian company from Toronto, Bitfarm mines cryptocurrency, and one of its segments, called Backbone, is used to validate Bitcoin transactions. Founded in 2017, it has a gross profit margin of around 9% in the last 12 months. 

The company’s share price benefited from the 2021 crypto-frenzy and went up over 65% in less than a month, while last year, it had a share price increase of 600%. 

4. Codebase Ventures

Codebase Ventures is the new name of a former company known before as 260 Blockchain. The company changed its name two years ago and has numerous investments in the technology space. Additionally, it expanded into new industries, including biotechnology and cannabis

At the time of writing, the share price increased by 48% year-to-date, while its diversified product portfolio may represent a great opportunity to tap into these high-growth industries

5. Long Blockchain

From Farmingdale, New York, Long Blockchain explores and invests in blockchain technologies. However, this is not the only business activity as it also produces and distributes ice tea in the United States. 

Despite a dip of 19% YTD, Long Blockchain’s 52-week performance reached 165%. This may be a great opportunity to buy the dip. 

Expert Tip on Investing in Blockchain Shares

Keep an eye on all-news related major cryptocurrencies. All blockchain companies depend on mining costs even if they are not involved directly in the mining industry. Therefore, if Bitcoin evolves in a rising trend, the chances are that the blockchain shares will outperform the market. Finally, aim to diversify your portfolio. Mixing up your investments could lead to great returns in the future while simultaneously shielding your account from losses.
- Mircea Vasiu

Why Invest in Blockchain Shares?

Blockchain technology has revolutionised transactions in many industries by slashing costs, saving time, and increasing transparency. It has numerous other applications while DLT is increasingly being adopted in the fintech space. The 2020 pandemic triggered a flood of new funds into these new asset classes, so most players in the blockchain field are enjoying substantial financing. Additionally, there has been a rise in clinical data sharing, and blockchain stocks positively respond to these developments. 

Immunity passports and vaccination proof can be easily obtained using blockchain technology and without compromising privacy. Therefore, blockchain technology will be able to take advantage of these new opportunities as the world seeks to repair and heal from the havoc caused by the pandemic. 

Frequently Asked Questions

  1. Yes. Most countries consider trading profits as taxable income. Check your local tax regulations before trading.

  2. No, but you can trade blockchain shares during the local trading hours, depending on the stock exchange on which your chosen stocks are listed.

  3. ETFs is a fund composed of a basket of blockchain stocks, whereas blockchain stocks are individual equities. The biggest difference between the two is that individual stocks will carry higher risk as opposed to investing in a diversified fund. However, when you invest in a blockchain ETF, you do not have control over the fund’s composition.

  4. The most common strategy to reduce risk and protect your invested capital is to use a stop-loss order. There are many other strategies to reduce risk while trading, such as carefully allocating only risk capital and having a diversified portfolio.

  5. Yes. Most regulated platforms will insist on KYC norms before allowing you to trade. This is to provide a safe and secure environment for all users.

  6. The industry generated one of the biggest returns in the past decade. Bitcoin is up 4.5 times since last October, and that move triggered ripple effects over the entire crypto ecosystem. It provides new innovations in the field of fintech, healthcare and many others. Besides, blockchain projects are easily scalable and can be adjusted as per demand.

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