Successful Blockchain And Cryptocurrency Companies To Look Out For



While Blockchain has been around since 2009 with Bitcoin (BTC), it has become quite popular and made people rich who got in early with their investments. There have been a number of companies who have decided to invest into Blockchain technology. The world’s most successful Blockchain has to be Ethereum. It leads as the most adopted tech so far within the Cryptocurrency world

Menon stated that the top 3 Blockchain frameworks currently are R3 Corda (technically a blockchain or an alternative type of distributed ledger), Hyperledger and Ethereum. Others to look out for are EOSIO (Blockchain protocol based on Cryptocurrency EOS) and ConsenSys Quorum which are both on the uprise. One reason for Ethereum’s great success – is due to all of the different Cryptocurrencies that run from it or on it. 

This includes NFT’s (Non-fungible tokens) as well. Those are digital assets for sale on open exchanges. These are minted and non-minted works of art for example being sold. Minting is when an NFT is recorded on the Blockchain. By comparison, it is like when metal coins are minted and then put into circulation. 

Image: Pexels / RODNAE Productions

Currently, there are some stocks to look out for, where big players are doing big business within the world’s economy. Companies such as Visa Inc. (V), PayPal Holdings, Inc. (PYPL), CME Group (CME), Block Inc. (SQ), Coinbase Global, Inc. (COIN), MicroStrategy Inc. (MSTR) and Marathon Digital (MARA).

One other company to keep in mind is Tezos who have been around since 2014. While they are older, they support decentralized applications, smart contracts and novel type financial instruments as well. One might wonder what a smart contract is? It is a computer program or transaction protocol that automatically executes or controls documented events according to the terms of the contract or agreement on Ethereum blockchain. 

Stellar is a newer Blockchain platform that is optimized for different kinds of DeFi (Decentralized finance) applications. Using a DeFi platform such as this allows for financial services to be traded upon public Blockchains such as Ethereum. This technology allows people to lend or borrow funds from one another thereby speculating on the price of the movement transactions using derivatives. While trading these Cryptocurrencies, they insure risks and even earn interest in savings-like accounts without relying on intermediaries. They use a Crypto wallet to store and trade with.

One might wonder where they can buy Cryptocurrency stocks from? They are readily made available in the United States and on the Nasdaq Composite or NYSE. This allows them to be purchased by anyone who has extra money to invest with and who has an online brokerage account that is ready. So, what Cryptocurrency stocks should you invest into? This is difficult to answer due to the market fluctuation. 

However, Crypto investors can certainly balance high exposure to Crypto markets and responsible risk management, by first finding Crypto stocks that have a nice diversified business model which is setup. This would be based upon good evaluation metrics like price-to-earnings (P/E) and the price-to-sales ratio. Crypto stocks do include Cryptocurrency exchanges, Cryptocurrency miners, Blockchain technology specialists and the companies which hold Cryptocurrency on their balance sheets as an investment.

One might wonder what company is the most successful Blockchain company right now? That would be IBM who were founded back in 1911. They have become a juggernaut company over time shifting their focus upon providing infrastructure solutions. This includes technology expertise (consulting), software solutions such as Linux Red Hat as well. They are market leaders and seem to be growing rapidly. With their Hyperledger Fabric open-source code solutions they have branched out more. Hyperledger Fabric is the flexible Blockchain framework behind the IBM Blockchain Platform, helping innovators transform business. 

pexels-liza-summer
Image: Pexels / Liza Summer

Other things to consider are what Cryptocurrencies are growing the most right now? This would include:

  1. yPredict: (Revolutionizing trading with AI-powered predictions) 
  2. Flow: (Building the future of digital collectibles and NFTs) 
  3. Cardano:  (An eco-friendly future blockchain) 
  4. SushiSwap: (Community-driven decentralized exchange) 
  5. Ethereum: (The OG smart contract platform)
  6. Solana  
  7. RobotEra 
  8. Polygon 
  9. Polkadot 

    10.) Avalanche 

While these coins are on the uprise, the following Crypto coins will likely see high growth throughout the duration of 2023:

  • Metacade (MCADE)
  • Ripple (XRP)
  • Shiba Inu (SHIB)
  • Polygon (MATIC)
  • The Sandbox (SAND)
  • Polkadot (DOT)
  • Solana (SOL)
  • Dogecoin (DOGE)

It might be best to examine where the market is going and what people are using to trade with. Some coins are plummeting while others seem to have real momentum behind them. The companies who are working with a particular coin or with a newer or well-established technology will try to expand their efforts, when they do you need to be a part of this in some way. Think wisely with your money before going all in on a particular investment. It is most important to diversify your portfolio the best you can. If you were interested in investing in a Blockchain company the following list are thriving companies currently to choose from: 

  1. Coinme
  2. Chainanalysis
  3. Coinbase
  4. Spring Labs
  5. BlockFi
  6. Circle
  7. IBM
  8. ConsenSys
  9. MoonPay

Interestingly enough, Bitcoin could reach $100,000 by the end of 2023 according to Sanyal. At the moment, Bitcoin is hovering at near $24,300.00 a coin. Ethereum is valued at $1,682. Conflux has seen the highest growth over a 24 hour period at nearly 62%. The market is volatile and you should be cautious with your investment efforts. 

One thing for certain is Ethereum is the most secure Blockchain based crypto currency platform right now. It is ahead of the pack but something else might come along to rival it one day. One can wonder what might be the next big Blockchain to consider investing into. Some think Lucky Block is rising upward. One reason for this might be that it is being used as a mod (modification) for the video game Minecraft. 

Lucky Block has seen more than 5 million users add a new block to this game. Users add a new block to the game that when opened, produces a random outcome such as dropping an item, spawning mobs or new structures appearing in their world. Lucky Block (V1) is currently trading at $0.000089 USD with a 24-hour trading volume of $2,689.38 USD and is up 2.76% in the last 24 hours on CoinMarketCap ranking at #5457 with a live market cap of not available. Bitcoin has become one of the most secure Cryptocurrencies around with a hash rate that went up back during 2022. 

On the cheaper side, a penny Crypto known as MEMAG has the potential to reach $1 USD sometime in 2023. It might not seem like much but if someone were to hold a lot of it, it could really add up. MEMAG – the native token of Meta Masters Guild. This ERC-20 token will be utilized to power Meta Masters Guild’s Web3 gaming ecosystem and can also be used for staking rewards within the platform.

Other Penny Cryptocurrencies to think about investing into are:

  1. Meta Masters Guild (MEMAG) – Overall Best Penny Cryptocurrency
  2. Fight Out (FGHT) – Top Rated Move-to-Earn Cryptocurrency
  3. RobotEra (TARO) – Metaverse Penny Cryptocurrency
  4. C+Charge (CCHG) – Crypto Rewarding EV drivers with Carbon Credits
  5. Ripple (XRP) – Established Large-Cap Penny Crypto Under $1
  6. Chiliz (CHZ) – Penny Crypto for Sports and Entertainment
  7. Cardano (ADA) – Third Generation Functional Crypto
  8. Shiba Inu (SHIB) – Penny Crypto with High Potential

So, there are a few to really consider. It depends on your strategy and what direction you want to go into. You can invest into the technology behind these Cryptocurrency coins or you can invest into the technology itself. Think about where you want to go and have a solid plan to consider first before investing your hard earned money. 

Sources:

Forbes

Outlook India

Exploding Topics

Builtin

Analytics Insight

NewsBTC

Tech Target

"Maximizing Efficiency: Unlock the Power of Blockchain in Supply Chain Management"
Differences Between A Custodial Wallet And Non-Custodial Crypto Wallet

Terry has written about a wide range of topics and is currently studying Blockchain technology and programming. https://medium.com/@tlarch

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *