Best Crypto Stocks: Where To Invest Wisely

Cryptocurrencies have gained significant popularity over the past decade, with the industry growing to a net worth of about $931.28 billion. With more than 21,000 cryptocurrencies, investor interest is growing. Cryptocurrencies can be a lucrative way to amass wealth, especially for early investors looking to hold assets long-term. However, the crypto market is highly volatile, causing many investors to have second thoughts.

Fortunately, there are several ways to gain exposure to the various digital assets without directly investing in a specific coin. Buying stocks that deal with blockchain technology or investing in crypto assets is one way to have indirect exposure to cryptocurrencies. Here are some of the best crypto stocks to invest in:

- Coinbase Global Inc. (COIN)

- NVIDIA Corporation (NVDA)

- Advanced Micro Devices Inc. (AMD)

- PayPal Holdings, Inc. (PYPL)

- Marathon Digital Holdings Inc. (MARA)

- Riot Blockchain Inc. (RIOT)

- MicroStrategy Inc. (MSTR)

- CME Group Inc. (CME)

- Tesla Inc. (TSLA)

Crypto stocks with the best year-to-date returns

Crypto stocks have been soaring in 2023, with some crypto-related stocks up to five times their original value. This comes after a "crypto winter" in 2022, which saw the value of cryptocurrencies plummet.

• Riot Platforms Inc. (RIOT): Riot Platforms is a cryptocurrency mining company that provides co-location services and critical infrastructure for institutional-scale bitcoin mining companies. As of July 18, 2023, its year-to-date return was 439.2%.
• Hive Digital Technologies Ltd. (HIVE): Hive is a cryptocurrency mining company that operates in Canada, Sweden, and Iceland. It also offers cloud computing services and data centre solutions. As of July 18, 2023, its year-to-date return was 288.9%.
• Marathon Digital Holdings Inc. (MARA): Marathon is one of the largest bitcoin mining companies in the US. It also provides blockchain security and transaction verification services. As of July 18, 2023, its year-to-date return was 391.5%.
• MicroStrategy Inc. (MSTR): MicroStrategy provides business intelligence, mobile software, and cloud-based enterprise technology services. The company has gained popularity due to its heavy investment in bitcoin to boost its corporate treasury. As of July 18, 2023, its year-to-date return was 214.9%.
• Nvidia Corporation (NVDA): Nvidia is a graphics processing unit manufacturer that produces chips for various devices, including high-end video gaming graphics cards. The company also creates chips for cryptocurrency mining and artificial intelligence applications. As of July 18, 2023, its year-to-date return was 225.1%.
• Coinbase Global Inc. (COIN): Coinbase is a cryptocurrency exchange that provides financial infrastructure and technology for the "crypto economy". It is one of the largest cryptocurrency exchanges in the world. As of July 18, 2023, its year-to-date return was 195.5%.

Crypto stocks with the biggest market cap

As of September 2024, Bitcoin (BTC) has the largest market cap of any cryptocurrency, at $1.1 trillion. It is followed by Ethereum (ETH), with a market cap of $281.9 billion.

Other cryptocurrencies with large market caps include Tether (USDT), Binance Coin (BNB), and Solana (SOL).

Crypto stocks with large market caps include:

• CME Group Inc. (CME)
• PayPal Holdings, Inc. (PYPL)
• Block (SQ)
• Interactive Brokers Group Inc (IBKR)
• SoFi Technologies Inc (SOFI)
• Marathon Digital Holdings Inc. (MARA)

Crypto stocks with the best analyst ratings

When it comes to crypto stocks with the best analyst ratings, there are a few that stand out. Here are some options to consider, along with their recent performance and analyst consensus:

• Nvidia (NVDA): Nvidia is a well-known manufacturer of graphics processing units, and its CMP HX card is specifically designed for professional cryptocurrency mining. It has a "Strong Buy" analyst rating consensus, with 39 "Buy", 3 "Hold", and 0 "Sell" ratings.
• Block (SQ): Formerly known as Square, Block is a digital and mobile payment platform that has made advancements in Bitcoin trading on its Cash App platform. It also has a "Strong Buy" rating, with 21 "Buy", 4 "Hold", and 1 "Sell" ratings.
• Riot Blockchain (RIOT): Riot is another large Bitcoin mining company that focuses on expanding its operations and increasing its mining hash rate and infrastructure capacity. It has a "Strong Buy" consensus rating, with 10 "Buy" and 0 "Hold" or "Sell" ratings.
• Microstrategy (MSTR): This company is a business intelligence and analytics solutions provider that has gained popularity due to its dynamic owner, Michael Saylor, who is a self-proclaimed Bitcoin Maximalist. Microstrategy has a "Strong Buy" rating, with 7 "Buy" and 0 "Hold" or "Sell" ratings.
• PayPal Holdings (PYPL): PayPal is a global online payment system that allows peer-to-peer money transfers and has enabled crypto trading on its platform. While it suffered in 2022, it still has potential and a "Strong Buy" rating, with 21 "Buy", 6 "Hold", and 1 "Sell" ratings.
• Marathon Digital Holdings (MARA): Marathon is one of the largest Bitcoin mining companies in the US, focusing on sustainability and environmental protection. It has a "Strong Buy" analyst rating, with 10 "Buy", 1 "Hold", and 0 "Sell" ratings.

It is important to note that investing in cryptocurrencies and crypto stocks is risky and speculative. Before investing, it is crucial to conduct thorough research and understand the risks involved.

Crypto stocks with the most diversified business models

CME Group Inc. (CME)

CME Group is a financial derivatives marketplace that offers futures and other derivatives across multiple asset classes, including cryptocurrencies. It was one of the first regulated exchanges to offer Bitcoin futures trading in 2017, providing investors with exposure to the cryptomarket. CME Group maintains a wide business moat due to its regulated status and diverse range of offerings, making it a relatively safe investment option.

PayPal Holdings, Inc. (PYPL)

PayPal is a well-known digital payment platform that facilitates transactions for consumers and merchants. It has expanded into the crypto space by allowing users to buy, sell, and transfer cryptocurrencies. PayPal's mobile wallet, Venmo, also enables cryptocurrency trading, making it accessible to a broader user base. PayPal's involvement in crypto is just one aspect of its diverse business, which also includes its traditional digital payment services.

Block (SQ)

Block, formerly known as Square, is a digital payment platform and the parent company of Cash App. It has embraced blockchain technology and cryptocurrency, allowing users to buy, sell, send, and receive Bitcoin and other cryptocurrencies. Block's tbd platform enables developers to build decentralised finance (DeFi) applications. Additionally, Block holds a significant amount of Bitcoin on its balance sheet, demonstrating its commitment to the space.

SoFi Technologies Inc. (SOFI)

SoFi is a financial services company offering a range of products, including private loans, mortgages, credit cards, banking, and insurance. It also provides a platform for trading cryptocurrencies, making it a diversified choice for investors seeking exposure to crypto while maintaining a broader range of offerings.

Advanced Micro Devices Inc. (AMD)

AMD is a leading designer of graphics processing units (GPUs) and central processing units (CPUs). While it does not deal directly with cryptocurrencies, its products are used in crypto mining, particularly for mining specific alt-coins. AMD's position in the chip technology industry and its applicability to crypto mining make it a diversified investment option.

Robinhood Markets (HOOD)

Robinhood is a popular brokerage app that offers commission-free trading of stocks, options, and cryptocurrencies. It provides access to a diverse range of investment options, including over a dozen cryptocurrencies. By combining its commission-free model with an expanding list of crypto offerings, Robinhood gains a competitive advantage over traditional and decentralised exchanges.

Crypto stocks with the lowest fees

When it comes to investing in crypto, there are a variety of options available, each with its own unique features and fee structures. Here are some of the crypto stocks and exchanges with the lowest fees:

Crypto Stocks with Low Fees:

• PayPal Holdings, Inc. (PYPL): PayPal is a well-known digital payment platform that allows users to buy, sell, and transfer cryptocurrencies. While the company took a hit in 2022, its current stock price may offer a good value for investors looking for crypto exposure.
• Block (SQ): Formerly known as Square, Block is a digital payment platform and the parent company of Cash App. It has made significant investments in blockchain technology and allows users to buy, sell, send, and receive Bitcoin. Block also holds a substantial amount of Bitcoin on its balance sheet.
• CME Group Inc. (CME): CME Group operates one of the largest markets for trading futures and derivatives. It was one of the first international stock exchanges to offer Bitcoin futures trading in 2017, providing regulated exposure to cryptocurrency.
• Marathon Digital (MARA): Marathon Digital is a pure-play Bitcoin mining company with a large fleet of Bitcoin miners. It focuses on sustainability and aims to build one of the largest and most energy-efficient mining operations.

Crypto Exchanges with Low Fees:

• Binance: Binance is one of the most popular crypto exchanges, offering a wide range of cryptocurrencies and advanced features. It has a user-friendly interface and provides competitive trading fees, with discounts for holders of its native token, BNB.
• Bitget: Bitget is a crypto trading platform that offers both spot and futures trading. It is known for its low fees, which vary based on trading volume and membership level. Bitget also supports a comprehensive risk management tool and a user-friendly interface.
• BitMex: BitMex is a derivatives exchange that offers high leverage trading and risk management tools. It has a unique fee structure that supports high-volume trading and provides discounts for larger traders.
• Bybit: Bybit is a crypto derivatives platform specializing in perpetual contracts. It offers a fee structure that benefits both non-VIP and VIP users, with significant discounts based on trading volume and status.
• Coinbase: Coinbase is a user-friendly and secure crypto exchange, ideal for beginners. It offers a range of cryptocurrencies and provides educational resources to help users navigate the complexities of crypto trading and investing. Coinbase's fees are competitive and vary based on maker and taker orders.
• Kraken: Kraken is a well-established crypto exchange with a simple user interface and enhanced security. It offers a diverse range of digital assets and advanced trading options. Kraken's fees are based on a 30-day trading volume, with higher volumes resulting in lower fees.
• EToro: eToro is a social trading platform that offers a wide range of assets, including cryptocurrencies. It stands out for its social trading features, allowing users to follow and copy the trades of top investors. eToro's fees are competitive, and it offers a collaborative environment for beginners and experienced investors alike.

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