Best crypto stocks to invest in this year

Crypto stocks are a safer yet more profitable investment option to look for in 2022. You can enjoy the safety of trading stocks and the volatility of classic cryptos.

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Jay Crypto

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Last updated Aug 1, 2022 at 1:11 AM

Posted Aug 1, 2022 at 12:00 PM

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What are Crypto Stocks?

Even in a bearish market, cryptocurrencies are getting more attention and more investments every day. From February 2021 to May 2021 Bitcoin prices doubled, from $29,000 to $64,000. Bitcoin keeps swinging between highs and lows:  the price dropped to $28,000, then it reached an all-time high of $67,000 again in October 2021 – and in the current cycle, it touched a $17,000 bottom again.

Bitcoin moves in a cycle and those who trade with it love the insane volatility it has, but if you are someone who bought the top, you must be hating the price moves. Traditional stocks typically show less volatility, but they also typically show less profit. Luckily, there’s a way you can enjoy both volatility and profit – Crypto Stocks. You get the insane potential of cryptocurrencies but at lower risk. Here are the top Crypto Stocks to  invest in and profit from in 2022.

Coin (Coinbase Global, Inc.)

Coinbase, one of the top CeFi crypto exchanges worldwide, now offers tokenized stocks in crypto as well.  Since Coinbase is a cryptocurrency ecosystem, its price is drifting slowly down. A bullish market will be necessary to test the nature and endurance of Coinbase tokenized Stock.

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Coinbase Crypto Stock

  1. TSLA (Tesla Inc.)

Tesla CEO Elon Musk is known for his influence on cryptocurrencies. When Tesla started accepting Bitcoin as payment for its electric vehicles, Bitcoin was rising insanely. However, later the electric car company reversed its decision, citing environmental concerns over Bitcoin's carbon footprint. 

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TSLA Crypto Stock

Tesla Crypto Stocks are showing commendable resistance against the current market dip. TSLA is currently trading at $795 and has good support at $633 and resistance at $990 on a daily chart. TSLA needs to cross this resistance level again to turn bullish once again.

On a lower time frame, the price is rising on a bullish curve, as seen in the chart above, and if this continues the price might break above this resistance level after a small correction.

  1. CME (CME Group Inc.)

Chicago Mercantile Exchange Group Inc. is the most versatile derivative exchange that provides cryptocurrency services as well. CME Group is a promising stock to bid on for many reasons. The CME group’s trade volume –  in the millions of dollars – adds to its liquidity. Liquidity is a major factor against high volatility and favors rewards in a safer way to capture opportunities.

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CME Group

  1. PYPL (PayPal Holdings, Inc.)

PayPal Holdings Inc. is on our list as it has recently started to allow users to check out cryptocurrencies, in addition to its traditional money transfer features. PayPal is an online payment platform that has also launched tokenized stocks which can be traded and held like any cryptocurrency. The platform earns mainly from the fees collected from online payments. 

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PYPL Stock

PayPal is under a cloud since it faces a huge dump in the price of its stocks. Since inflation is hitting hard, there's been a major decrease in prices as fewer people are performing transactions. PayPal released its forecasts for the year 2022, and they are not very encouraging. 

  1. MA (Mastercard Incorporated) 

Mastercard is in everybody’s wallet. Mastercard led the transition from cash payments to single-swipe transactions.

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MasterCard

Undoubtedly, all these stocks are prone to dwindling down just as cryptocurrencies are if Bitcoin drops and updates the bottom again. Since these assets are backed by giant companies, however, there is a reasonable chance that their value will recover eventually.

It’s a good practice to take blogs like this one as research and not as investment advice. Trading Crypto Stocks involves risk, so always Do Your Own Research (DYOR) before investing.

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