5 Best Bitcoin Stocks to Buy Now
Number of Hedge Fund Holders: 11
Digital asset tech firm Marathon Digital Holdings, Inc. (NASDAQ: MARA) ranks 5th on the list of best bitcoin stocks to buy now. Formerly known as Marathon Patent Group, Inc., the company was founded in 2010 and is based in Las Vegas, Nevada. The company owns a data center where they concentrate on the blockchain ecosystem and digital assets.
The company has a market cap of $3.6 billion. In 2020, Marathon Digital Holdings, Inc.’s revenue increased 268% to $4.4 million from $1.2 million in 2019. HC Wainwright & Co. retains its buy rating on Marathon Digital Holdings, Inc and raises its price target to $30 on February 8. Shares of MARA surged 8,278.13% over the past twelve months.
10 Best Bitcoin Stocks to Buy Now
Bitcoin is gaining momentum as the global economy recovers due to increasing consumer market demand. The world’s largest digital currency by market value soared to more than $64,000 on April 14 before plummeting to around $48,000 in the fourth week of the month. However, bitcoin’s price bounced back from the downturn, and it appears that the crypto’s market framework has remained unchanged, at least for the time being, with Bitcoin trading at above $58,000 as of May 3.
Bitcoin’s price has already doubled since the beginning of the year, as mainstream investors have flocked to cryptocurrencies. As of the end of March, American EV behemoth Tesla, Inc. (NASDAQ:
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.
Avoid Overvalued Coinbase: Buy These 10 Best Crypto, Bitcoin Stocks Instead
San Francisco-based cryptocurrency exchange platform Coinbase Global, Inc. (NASDAQ: COIN) went public on April 15 with a market capitalization of $86 billion. Coinbase CEO Brian Armstrong became one of the richest men in the world after the listing, with some 40 million shares he owns in the firm equating to almost $16 billion in value. The company was founded by Armstrong in 2012 and is one of the largest crypto exchange platforms globally and facilitates the buying, selling, and storage of digital currencies, including giants like bitcoin and ethereum.
What’s So Special About Coinbase IPO?