Blockchain is well-known among cryptocurrency investors as the technology that underpins the market’s security and transparency. The technology offers various non-crypto applications, such as decentralized banking, auditing, international payments, and regulatory compliance.
More and more firms are focusing on blockchain technology, implementing it into their operations, or reaping the benefits of bitcoin use.
Here are eight high-quality and safe blockchain stocks to buy in 2022.
Visa
Since 2016, Visa (NYSE: V) has invested in the blockchain. For example, the company created Visa B2B Connect, a blockchain-based solution for cross-border corporate payments. There is also a program called Visa Fintech Fast Track, which allows customers to pay at over 100 million businesses worldwide using crypto wallets and to purchase and sell bitcoin.
CoinDesk reported in an earnings conference with Visa CEO Al Kelly that Visa customers generated $2.5 billion in crypto-linked payments in the first quarter of fiscal 2022.
Visa is a safer way to get started with blockchain investment if you’re not a risk taker.
Battle Infinity
The blockchain is a cutting-edge technology that has the potential to change the world. Battle Infinity (IBAT) is only one of many fantastic initiatives that have come out of it. There are six main platforms in the Metaverse play-to-earn ecosystem, each with its own features. CoinSniper has thoroughly reviewed and KYC-verified this very promising new project, so there will be no unpleasant surprises throughout the development phase.
IBAT Premier League (an NFT fantasy sports platform), IBAT Battle Market (a dedicated NFT market), IBAT Battle Swap (a decentralized crypto exchange), IBAT Battle Games (a platform with P2E games), IBAT Battle Arena (a Metaverse world), and IBAT Battle Stake (a decentralized crypto exchange) are all part of the Battle Infinity ecosystem (a staking platform with high APYs).
The native $IBAT BEP-20 token of Battle Infinity is at the heart of the system. Participants in Battle Infinity’s P2E games may earn $IBAT in exchange for their participation, which they can then use to buy virtual billboards or stake in the IBAT Battle Stake platform. A total of 10 billion tokens will be created, with 20 billion allocated for pre-sale investors.
At this point, Battle Infinity seems to have all it needs to be the year’s finest blockchain pre-sale. So this is a great opportunity to join the project’s Telegram group to stay up to speed on the project’s newest developments while the pre-sale is currently underway.
Silvergate Capital
The Silvergate Exchange Network is operated by Silvergate Capital, which offers infrastructure solutions for the digital currency sector. Rather than benefiting just from an increase in the value of cryptocurrencies, the network reaps the advantages of a thriving cryptocurrency market.
An analyst at Bank of America thinks Silvergate is in a good position since it is a well-regulated bank with an extensive risk management system. Crypto prices have fallen in 2022 due to rising interest rates, but Berman claims that higher interest rates will benefit Silvergate’s net interest income. The stock of SI, which ended at $94.54 on August 2nd, has a “buy” rating from Bank of America and a $140 price target.
Accenture
Business consulting and technology services are among Accenture’s offerings. You can deploy and integrate blockchain tech into business models with the aid of Accenture’s blockchain technology. According to Holt, Accenture’s distinctive growth engine, which includes exposure to security, blockchain technology, and cloud services, will continue to help the company increase its market share.
Accenture, according to him, is booming, with consulting and outsourcing growing at double-digit rates. Accenture has a long list of loyal customers and a track record of consistently increasing profits over time. The stock of ACN, which ended at $302.48 on August 2nd, has a “buy” rating from CFRA and a price target of $365.
Nvidia
When it comes to graphics processing units, such as those used in artificial intelligence, driverless cars, and video games, Nvidia (NASDAQ: NVDA) is the industry leader.
Cryptocurrency miners rely heavily on graphics processing units (GPUs). For the most part, “miners” utilize specialized graphics processing units (GPUs) to process blockchain transactions and earn new digital currency.
Though Nvidia’s crypto-targeted CMP chips aren’t selling as well as they once did due to the drop in cryptocurrency pricing, that might change if the crypto industry returns. If Nvidia doesn’t succeed, the rest of the company’s business is still a market leader.
IBM
As the software and internet services industry continues to evolve, IBM (NYSE: IBM) is wagering that its IBM Blockchain platform may help enhance efficiency and minimize risk. If you’re looking to test the waters in the blockchain world safely, IBM could be an excellent location to begin your exploration.
Analysts still recommend IBM shares as a “buy” despite recent volatility.
PayPal Holdings Inc.
Cryptocurrency and blockchain technologies are being completely adopted by PayPal Holdings Inc. (PYPL). PayPal is apparently looking towards launching its own stablecoin, which would be pegged to the US dollar, in addition to allowing customers to purchase and sell cryptocurrency via their PayPal accounts. If PayPal’s stock price falls in 2022, Horn thinks long-term investors should take advantage of the chance.
According to Horn, the company’s chief financial officer, the Venmo app for digital payments is still in the early phases of monetization for PayPal. PYPL stock closed at $89.63 on August 2nd, with a “buy” rating from Morningstar and a fair value estimate of $135.
Coinbase Holdings
Over one hundred distinct digital assets are available to trade on Coinbase (NASDAQ: COIN), making it the largest crypto exchange platform in the world. About 98 million verified users from more than 100 countries are registered on the platform, which processes more than $1.2 trillion in yearly bitcoin trading activity. Coinbase’s platform has an estimated $256 billion in bitcoin assets.
Despite recent cryptocurrency price declines, Coinbase’s company might benefit greatly from a resurgence in the asset’s value. From an investor’s perspective, one of the nicest things about Coinbase is that no matter which cryptocurrencies lead the way, Coinbase should be a large winner as blockchain technology progresses.