When most people hear the phrase “crypto,” they only think about either bitcoin or Ethereum. Although the cryptocurrency market as a whole is still very young, its current value is estimated by CoinMarketCap at $944 trillion.
Many early crypto investors have gained millions in what seems to be a fast fashion because of the unusual price increases. However, there are still investors out there looking for the next cryptocurrency to invest in, even though many others lost money just as rapidly.
Investor interest is soaring since more than 20,000 cryptocurrencies are now available. Early investors who want to maintain their assets for the long term may find that investing in cryptocurrencies is a successful method to build wealth.
Despite this, the benefits aren’t assured due to the significant volatility of the crypto market, which has caused many investors to reconsider.
The wild price fluctuations in different cryptocurrencies might be explained by the fact that the crypto market is still a relatively young phenomenon. Despite the high volatility, cryptocurrency investments might be suitable for confident investors.
There are several methods to get a taste of the different digital assets without really investing in one. For example, one way to get a taste of cryptocurrency is to invest in companies that deal with blockchain technology or crypto assets.
Understandably, you’d want to know which cryptocurrencies are the most significant investments.
So we’ve compiled a list of the top four firms already operating in the cryptocurrency market for you.
Riot Blockchain (RIOT)
As the most prominent bitcoin mining firm in the United States, Riot Blockchain plans to increase its hash rate and infrastructure capacity to grow its operations. In addition, RIOT has several blockchain-related collaborative ventures, as well as investments in the area.
With a goal of 116,150 miners by 2023, the firm primarily focuses on bitcoin and blockchain technologies. Escrow services for wholesale telecommunications providers are also on the company’s list of goals.
Riot is a more risky investment than some of the other firms on our list since it is actively involved in bitcoin. Despite this, Riot has a leg up on the competition due to its early arrival and overwhelming market share.
Nvidia Corp. (NVDA)
Nvidia Corp. is a solid long-term investment for cryptocurrency enthusiasts. Graphics Processing Unit (GPU) company Nvidia produces semiconductors for devices people use daily, such as smartphones and tablets. However, graphics cards for gaming generates most of the company’s revenue. As a result, Nvidia launched a new product: GPUs mainly designed for cryptocurrency mining as the popularity of cryptocurrencies surged.
Designed for professional miners, these technologies are meant to raise productivity in the mining process. Their graphics cards for mining crypto are the best in the market because they use the least amount of power possible while providing a high hash rate.
MicroStrategy, Inc. (MSTR)
A business intelligence and analytics solutions provider, MicroStrategy, Inc. (MSTR) was founded in 1997. All aspects of its software platforms are a part of the company’s business. However, cloud subscriptions, license agreements, and other associated services are the primary means of doing this.
When it comes to business intelligence, MicroStrategy is here to assist. Its clients come from a variety of sectors, including banking and finance, consulting, technology, manufacturing, telecommunications, and banking. In addition, because of its $4 billion acquisition of bitcoin, which included some borrowed cash, the business has been involved in cryptocurrency.
If you feel that the company’s bitcoin holdings will someday pay off, you may want to consider investing in this company’s primary business.
This popular discount brokerage software, Robinhood Markets (NASDAQ: HOOD), offers users to purchase stocks, options, and rare metals, as well as the new cryptocurrency, Bitcoin (BTC). Seven cryptocurrencies are available for purchase and sale on the platform at no cost to investors, including Bitcoin, Ethereum, and Dogecoin (CRYPTO: DOGE). A large amount of the firm’s total income is currently generated by trading crypto assets. The corporation has billions of dollars in crypto assets in its custody.
Traditional and decentralized exchanges can’t compete with Robinhood’s commission-free trading strategy and the platform’s ability to grow the number of cryptocurrencies available. In addition, the firm might provide the same crypto analytics services as Coinbase to further establish confidence in the sector and increase acceptance of the cryptocurrency industry.