13 Best Cryptocurrency Stocks to Buy Now

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1. PayPal Holdings Inc. (NASDAQ:PYPL)

Average Upside Potential as of March 11: 39.32%

Number of Hedge Fund Holders: 94

PayPal Holdings Inc. (NASDAQ:PYPL) operates a technology platform that enables digital payments for merchants and consumers worldwide. The company has sought to strengthen its growth prospects by pursuing opportunities in the crypto space. As it pursues its goal of making it easier for people to use cryptocurrencies in everyday commerce, it is emerging as one of the best stocks to own to gain exposure in the burgeoning sector.

In an effort to broaden its customer offerings, PayPal Holdings Inc. (NASDAQ:PYPL) began allowing merchants to purchase, hold, and sell cryptocurrency from their business accounts late last year. With the most users of any peer-to-peer money movement app, Venmo could become a leading cryptocurrency platform with its new feature. It serves as a solid access point for investors who wish to buy significant cryptocurrencies and then use them to purchase Altcoins or access decentralized finance (DeFi) applications.

For quicker, less expensive transactions, its stablecoin, PYUSD, which was first introduced on Ethereum, was extended to Solana. Additionally, PayPal Holdings Inc. (NASDAQ:PYPL) collaborates with more than 25 businesses to further incorporate PYUSD into the cryptocurrency ecosystem.

While we acknowledge the potential of PayPal Holdings Inc. (NASDAQ:PYPL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PYPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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