5 of the Best Blockchain Stocks to Buy | High Growth 2022



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In this video we are looking at the top 5 Best Blockchain Stocks to Buy! I hope you enjoy the video and any questions let me know!

Best Blockchain Stocks to Buy
1) SI
Silvergate Capital provides infrastructure solutions to the digital currency industry and operates the Silvergate Exchange Network for global payments. The network benefits from overall activity in the cryptocurrency space rather than profiting simply from rising crypto prices. Bank of America analyst Brandon Berman says Silvergate is relatively well positioned within the digital asset ecosystem because it is a regulated bank with a comprehensive risk management framework. Rising interest rates have hurt crypto prices in 2022, but Berman says higher rates will actually help Silvergate's net interest income. Bank of America has a "buy" rating and $140 price target for SI stock, which closed at $94.54 on Aug.

2) NVDA
Nvidia designs and produces high-end graphics cards and processing chips for personal computers, servers and supercomputers. Bank of America analyst Vivek Arya says Nvidia will play a central role in supplying the processing power for the metaverse and its digital economy. Nvidia also produces specialized chips designed specifically for cryptocurrency mining, providing additional blockchain exposure. Arya says Nvidia is well positioned for a strong 2023 as it rolls out its next-generation chips. He projects Nvidia's annual earnings per share could roughly double to $10 over time. Bank of America has a "buy" rating and $220 price target for NVDA stock, which closed at $185.26

3) SQ
Block is a financial services and digital payments company. Block is the parent of the Square payments platform for businesses and the Cash App digital payments app. The company allows Bitcoin (BTC) trading via Cash App and holds Bitcoin on its balance sheet as an alternative to cash. It also operates a Bitcoin hardware wallet, a Bitcoin mining business and an independent, Bitcoin-focused development business called Spiral. Morningstar analyst Brett Horn says Block operates a fast-growing business that may prove highly scalable. Morningstar has a "buy" rating and $104 fair value estimate for SQ stock, which closed at $79.09 on Aug.

4) PYPL
Digital payments specialist PayPal is fully embracing cryptocurrency and blockchain technology. Not only can users buy and sell crypto in their PayPal accounts, but PayPal is also reportedly exploring the launch of its own stablecoin that would be backed by the U.S. dollar. Horn says 2022 weakness in PayPal's stock price is a potential buying opportunity for long-term investors. In addition to PayPal's bullish exposure to the e-commerce space, Horn says PayPal is still in the early stages of monetizing its Venmo peer-to-peer digital payments app. Morningstar has a "buy" rating and $135 fair value estimate for PYPL stock, which closed at $89.63 on Aug. 2.

5) ACN
Accenture provides business consulting, technology and other services. Accenture's blockchain services help customers apply and integrate blockchain technology into their business models. Holt says Accenture will continue to gain market share via its differentiated growth engine, which includes exposure to blockchain technology, security and cloud services. He says Accenture's business is firing on all cylinders, generating double-digit revenue growth in both consulting and outsourcing. Accenture has a durable client base and a proven track record of impressive compounding earnings growth. CFRA has a "buy" rating and $365 price target for ACN stock, which closed at $302.48 on Aug. 2.

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Category
Cryptocurrencies
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