Best Blockchain Stocks to Buy in April 2022

Blockchain technology has taken the world by storm. The technology which underpins cryptocurrencies such as Bitcoin and Ethereum and allows transactions to be recorded on a digital ledger has now expanded into nearly every sector of the economy. 

The growth in blockchain technology is set to surge higher in the next few years which is great for investors in the know. In this ‘Best Blockchain Stocks to Buy’ guide, we cover the hottest blockchain stocks to buy now and how to invest in blockchain stocks with zero commissions! 

Most of the companies above have made it to the Forbes Blockchain 50 2022 list. Each of these top blockchain stocks has a different level of exposure to blockchain technology which is useful when building a diversified portfolio of the hottest blockchain stocks that can exhibit strong growth. 

Did you know you can invest in the most popular blockchain stocks – including all the ones listed above – 100% commission-free using the fully regulated broker eToro? Further down this article, we look at how to invest in blockchain stocks using a simple step by step guide using eToro but for now, let’s go through each of the top blockchain stocks in more detail. 

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A Closer Look at the Best Blockchain Stocks to Invest in 

Before you buy stocks it is always wise to know as much as possible regarding the long-term prospects of the company you are investing in. The best blockchain stocks are discussed in more detail in this section. 

By knowing how companies are leveraging the power of blockchain technology, we can have more confidence in the investment decisions we make. Read on to find out more about the best blockchain stocks to buy now.

1. Lucky Block – New Crypto That’s a Better Alternative to Stocks

Top of our list when it comes to the best blockchain stocks is Lucky Block. Although Lucky Block is a cryptocurrency and not a stock, it does offer a viable way of gaining exposure to the growing blockchain sector. In addition, due to Lucky Block’s compelling use cases, there’s even scope for the coin to generate returns above what can be expected in the equity market.

Lucky Block is a crypto gaming platform hosted on the Binance Smart Chain (BSC) blockchain. By porting the gaming process to the blockchain, Lucky Block can significantly improve fairness and offer daily prize draws. In addition, these draws are much more transparent – and winner can receive their jackpots far quicker than with traditional lotto systems.

These jackpots are distributed in LBLOCK, Lucky Block’s native token. LBLOCK is also used to purchase lotto tickets through the Lucky Block app, although many investors have opted to buy Lucky Block on PancakeSwap for speculative reasons. This led to quadruple-digit gains earlier in the year, pushing Lucky Block to a fully-diluted market cap of over $750 million.

LBLOCK is now trading over 70% lower than all-time highs, presenting an opportunity to invest at a discount. Looking ahead, Lucky Block’s development team have several exciting improvements in the works, such as the long-awaited FIAT ramp and Lucky Block’s iOS and desktop apps. Lucky Block also recently launched a ‘V2 Upgrade’, which made LBLOCK interoperable with the Ethereum blockchain – opening up limitless possibilities for future growth.

Lucky Block’s first crypto game is also scheduled for the near future, marking the starting point for regular dividend payments to LBLOCK holders. These payments are estimated to result in an annual yield of 19% – although this could grow higher as the platform expands. Finally, now that Lucky Block’s Telegram group has over 55,000 members, the platform has exceptional community backing, which could help the token prosper in the weeks ahead.

Cryptoassets are a highly volatile unregulated investment product.

2. NVIDIA – GPU’s for Cryptocurrency Miners Using Blockchain Tech

NVIDIA (NVDA) is an American tech company listed on the NASDAQ that specialises in building graphics processing units (GPUs) for the gaming, crypto mining and autonomous vehicle sectors. NVIDIA’s GPUs are widely used for cryptocurrency mining. 

While many coins such as Ethereum are moving towards a proof of stake model which involves less crypto mining, analysts are still bullish on NVIDIA’s prospects and how they are linked to blockchain technology. 

For example, one of the most recent adoptions of blockchain technology is through the metaverse. As more and more people created and interact with virtual worlds, the hardware and software to do so will see a surge in demand. NVIDIA is very well placed to capitalise on growth in the adoption of blockchain tech and the metaverse. 

Since the pandemic in 2020, NVIDIA’s share price has risen more than 660% higher. In November 2021, the stock reached a record high of $346.47. Since then, the stock has fallen around 40%. 

This is in line with the broader trend of the market. Global stock market indices declined in the first quarter of 2022 due to the Russia-Ukraine conflict and the impact of rising interest rates from central banks around the world. 

However, the recent decline presents a very interesting opportunity for long-term investors which is why NVIDIA is considered to be one of the best blockchain stocks to buy. 

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3. IBM – Facilitating the Adoption of Blockchain Technology in Businesses

Not many people may remember International Business Machines (IBM). It was once the ‘go to’ tech stock much like Apple or Microsoft is today. However, the company is trying to reinvent itself and it believes that blockchain technology can help them. 

In 2017, IBM launched IBM Blockchain, an enterprise that helps businesses adopt the power of blockchain technology by providing customised blockchain solutions. Currently, IBM Blockchain is working on more than 500 blockchain projects with companies from a wide range of sectors. 

For example, Home Depot is using IBM Blockchain technology to improve its visibility and communications. Car manufacturer, Renault created the XCEED blockchain project to automate compliance documents. IBM Blockchain is also working with Walmart, Kroger and businesses from the banking, healthcare and media sectors. 

IBM’s share price has had a rocky journey. After reaching a record high in March 2013 around $206.22, the stock has been in retreat ever since. The stock fell more than 57% to reach multi-year lows during the pandemic around $86.50. 

Since the pandemic, IBM’s share price is now up around 45%. As more companies adopt the power of blockchain technology, IBM is ready to capitalise. IBM shares could also be regarded as one of the cheapest blockchain stocks around as it hasn’t raced higher from the pandemic like many other tech stocks.

The mere fact IBM shares ended the first quarter of 2022 at around the same price level as where it started the year, highlights the potential underlying, long-term strength in the stock which is why it is considered to be one of the best blockchain stocks around. 

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4. Mastercard – Using Blockchain Tech for Crypto Credit Cards

Did you know that more than 24 cryptocurrency credit cards have been launched by Mastercard? The BitPay, Gemini and CoinJar credit cards allow its customers to pay for goods and services at 80 million vendors around the world using their digital assets. 

In fact, only in October last year did Mastercard partner with Bakkt which is a subsidiary of the New York Stock Exchange owned Intercontinental Exchange. This will allow more businesses to offer cryptocurrency credit cards by Mastercard which uses the underlying blockchain technology to confirm transactions. 

The payments company also run a blockchain incubator called Start Path which provides startups access to Mastercard’s products, clients, workshops and coaching. Currently, Mastercard works with blockchain platforms such as Ethereum, Bitcoin, Avalanche, Terra, Bitcoin Cash and others. 

Since the coronavirus pandemic in 2020, Mastercard’s share price surged more than 100% to reach a record high in April 2021 around $401.50. Since then, the price has declined 23% before rallying higher to test the record high at the beginning of this year. 

However, the price failed to make a new record high and sold off in line with the broader market. The sell off was far less than some other technology stocks during the same time – highlighting the underlying strength in the share price and why Mastercard is one of the best blockchain stocks to buy. 

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