Top 3 Blockchain Stocks for 2024: Comprehensive Analysis & Growth Predictions

As the end of 2023 draws near, some equities are exhibiting strong potential for the following year, and the blockchain sector is still growing. The following is an overview of three blockchain stocks that are expected to surge in 2024:

NVDA, or NVIDIA

Known for creating graphics processing units (GPUs), NVIDIA is a key player in a number of technical fields, such as gaming, autonomous driving, artificial intelligence, and cryptocurrency mining. Following its exceeding of Q2 earnings projections, the company’s price has demonstrated a link with cryptocurrencies related to artificial intelligence. With Q2 sales above forecasts and a predicted Q3 sales of over $16 billion, NVIDIA is a diverse stock that spans the blockchain, blue-chip, and AI industries.

Card Master (MA)

With its multitoken network, Mastercard has expanded its reach into the blockchain space beyond its status as a major worldwide credit card company. The firm recently introduced the Mastercard Artist Accelerator with the goal of helping up-and-coming artists and changing the NFT’s primary focus from aesthetics to functionality. Mastercard’s income has increased as a result of this campaign, particularly among Gen Z customers, highlighting the company’s progressive stance in the blockchain industry.

Blockchain Riot (RIOT)

Riot Blockchain has been in the tech industry for more than 20 years, and they specialize in Bitcoin mining. With a reserve of more than 7,000 BTC, the company’s worth varies along with the state of the whole cryptocurrency market. Riot’s revenue soared in 2023 as a result of its large investment in increasing Bitcoin mining capacity, which was in line with Bitcoin’s 65% increases in the same year.

Findings:

The association found between the stock price of NVIDIA and cryptocurrencies with an AI focus points to a wider social acceptance and assimilation of blockchain and AI technologies.
Mastercard’s move to utility NFTs suggests a possible trend in the NFT industry going forward, with a greater emphasis on usefulness than just collectability.
Riot Blockchain’s varied revenue sources, which include power credit revenues, demonstrate the creative ways blockchain businesses can make money.
These stocks are expected to provide investors with sizable returns in 2024 because of their big investments in the cryptocurrency business and strong competitive moats.

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