Blockchain is a highly growing sector filled with both public and privately listed firms, so it's critical to discern which firms are the right picks to invest in.
And, it's no surprise that the blockchain sector has garnered strong optimistic future projections from research firms as the adoption of cryptocurrencies into every day life continues to soar.
With that, it's time to gain exposure to the skyrocketing cryptocurrency market as a tidal wave of curious individual and institutional investors alike pour into this booming asset class.
Let's take a look at our top picks…
Our Pick: Canaan Inc. (NASDAQ:CAN)
Canaan Creative, known simply as Canaan, is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessor solutions for use in bitcoin mining. Initially, Canaan mainly developed FPGA products based on the SHA-256 algorithm.
The company is still investing in the development and sale of Bitcoin mining machines, and its stock will likely continue to trade in conjunction with pricing movements for the market-leading cryptocurrency.
Our Pick: NVIDIA (NASDAQ:NVDA)
Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market.
In addition, graphics processing units are key hardware components of cryptocurrency mining. In a nutshell, “miners” use specialized GPUs to process transactions on the blockchain and are rewarded with newly minted digital coins. Rising cryptocurrency prices have created a renewed interest in mining.
Our Pick: Riot Blockchain, Inc. (NASDAQ:RIOT)
Riot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States. They are focused on expanding operations by increasing their Bitcoin mining hash rate and infrastructure capacity.
Riot blockchain currently controls over 6% of the US's highly fragmented bitcoin mining market and is taking more share on a seemingly daily basis. This blockchain innovator's hash rate has more than quadrupled in the past year.
Our Pick: Marathon Digital Holdings (NASDAQ:MARA)
Marathon Digital Holdings is a patent holding company that is the parent of Uniloc, known as a patent troll company.
They recently came to prominence as one of the largest BTC miners stateside.
Our Pick: Silvergate Capital (NYSE:SI)
Silvergate Capital is the holding company for Silvergate Bank, which specializes in serving cryptocurrency clients.
They offer the Silvergate Exchange Network (SEN), cash management solutions as well as deposit account services for commercial banking, business lending, and mortgage lending, among others.
Our Pick: HIVE Blockchain Technologies Ltd (NASDAQ: HIVE)
HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. They focus on the mining and sale of digital currencies.
Featured Pick: Crypto Millionaire Abandons Bitcoin After Crash For THIS (8,788% Returns Predicted)
He started praising Bitcoin when it was trading for just $61… putting him years ahead of the curve…
I'm talking about Crypto genius James Altucher. He's made millions in the cryptocurrency space…
But, as of now, he has complete sold all of his Bitcoin.
Is it because of the 2022 cryptocurrency crash?
No…
In fact, today he owns MORE cryptocurrency than ever before in his life…
… and there's a certain coin (not Bitcoin) that he's buying like crazy.
He's predicting it will deliver 8,788% returns for investors…
Turning a $50 investment into over $4,000… or a $1000 investment into almost $90,000.
Click here to find out what this coin is.
P.S. James predicts an 8,788% return for this coin alone by 2025. Find out its name here.
