In this article we will take a look at the 5 best crypto, bitcoin stocks to buy instead of overvalued Coinbase. For a detailed analysis of Coinbase IPO, go directly to 10 Best Crypto, Bitcoin Stocks to Buy Instead of Overvalued Coinbase.
5. Galaxy Digital Holdings Ltd. (OTC: BRPHF)
Galaxy Digital Holdings Ltd. (OTC: BRPHF) is a New York-based baking firm that focuses on the digital assets and blockchain technology industry. It is involved in asset management, trading, investments, and advisory services. Galaxy Digital also manages third party capital for macro hedge funds, equity hedge funds, venture capital, and various structured credit and direct lending funds. It is placed fifth on our list of 10 best crypto, bitcoin stocks to buy.
It has a market cap of more than $9.1 billion. The 52-week price range of company stock hovers between $46.7 and $2. On April 16, the firm announced that it had appointed former Goldman Sachs executive Michael Daffey as chairman. The appointment was made ahead of a proposed initial public offering of the company in the US. Daffey had overseen the markets division of Goldman before his move, where the division earned more than 40% of total overall revenue of the investment firm in the first quarter of the year.
4. PayPal Holdings, Inc. (NASDAQ: PYPL)
PayPal Holdings, Inc. (NASDAQ: PYPL) is a California-based online payments firm that operates across the world. It is famous for internet-based money transfers. PayPal serves as an electronic alternative to cheques, money orders and cash. Last month, PayPal announced a new feature that would allow users to checkout with cryptocurrency. The shares of the firm have soared almost 26% since the beginning of the year. It ranks fourth on our list of 10 best crypto, bitcoin stocks to buy instead of the overvalued Coinbase.
It has a market cap of more than $313 billion and posted more than $24 billion in annual revenue in December 2020, up more than $4 billion compared to the previous year. The 52-week price range of the firm lies between $309 and $107. Global investment banking firm Evercore earlier this year said that PayPal was positioning itself for the arrival of a central digital currency as it made plans to accept cryptocurrency as payment. The share price of PayPal stock has soared as Bitcoin price increases over the past few weeks.
3. SOS Limited (NYSE: SOS)
SOS Limited (NYSE: SOS) is a China-based software company that offers marketing data, technology, and solutions for emergency rescue services to businesses around the world. The cloud emergency rescue service the company markets has medical rescue, car rescue, financial rescue, and mutual assistance rescue. It also has stakes in cryptocurrency mining, insurance, healthcare, auto manufacturing, and security services. The company operates from Qingdao and is placed third on 10 best crypto, bitcoin stocks to buy instead of the overvalued coinbase.
It has a market cap of more than $800 million. The 52-week price range of the firm lies between $15.8 and $0.9. In March 2021, the company entered into an agreement with an investor in China for the establishment of a supercomputing center in Qingdao. Supercomputers are used for Bitcoin mining globally. The registered capital of undertaking is expected to be $9.17 million, 51% of which would be contributed by SOS Limited. Yandai Wang, the CEO of SOS, has said the venture will be focused on blockchain and will be a growth factor for the firm.
2. NVIDIA Corporation (NASDAQ: NVDA)
Nvidia Corporation (NASDAQ: NVDA) is a California-based firm that develops graphics systems for video games and chipsets for smartphones and automobiles. The company also makes handheld game consoles and offers cloud gaming services as well. Some products made by the firm are also used in supercomputers which are used for crypto mining. New television chips made by the firm now bring 4K viewing to television through gaming devices like the Nintendo Switch. It is 2nd on the 10 best crypto, bitcoin stocks to buy instead of the overvalued Coinbase.
The company has a market cap of more than $350 billion and posted more than $16.6 billion in annual revenue in January 2021, up more than $6 billion compared to the previous year. The share price of the firm has been rising as demand rises amid a shortage of chips around the world. The 52-week share price range of NVIDIA is $648-$247. Investment banking firm Raymond James earlier this week upgraded NVIDIA stock from Outperform to Strong Buy and raised the price target from $700 to $750.
1. DMG Blockchain Solutions Inc. (TSXV: DMGI.V)
DMG Blockchain Solutions Inc. (TSXV: DMGI.V) is a Vancouver-based firm that designs and develops software solutions. It concentrates on cryptocurrency and blockchain platforms through mining of public blockchains to address the fraud in supply chains. It is placed first in our list of 10 best crypto, bitcoin stocks to buy instead of the overvalued coinbase. Last month, DMG partnered with Argo Blockchain and launched Terra Pool, the first crypto mining pool in the world that was powered by the clean energy mining marketed by Argo.
It has a market cap of more than $198 million and posted more than $5.6 million in annual revenue in September 2020, down slightly from $7.6 million in the preceding year. The 52-week price range of the firm hovers between $5.3 and $0.6. Last month, the firm signed a software and technology agreement with Marathon Digital for the use of new technology developed by DMG in mining operations across North America. The share price of the firm was up in March following the announcement but has since fallen slightly.
You can also take a peek at 10 Best Biotech Stocks To Buy For 2021, and Top 10 Best Freelancing Platforms and Websites for 2021.
