The Bitcoin price has entered a new era in its growth phase, which may propel it to $200,000 in the near term. Such a move is likely to lead to further gains in the cryptocurrency market, benefiting companies in the industry. This article examines some of the top crypto stocks to buy and hold for substantial gains.
Best crypto stocks to buy
There are hundreds of crypto stocks to buy in the United States. Some, like Strategy and Semler Scientific, are Bitcoin treasury firms, while others, like Coinbase and Robinhood, are in the exchange industry. Other firms are in the stablecoin industry, and others in the Bitcoin mining sector.
Coinbase (COIN)
Coinbase is one of the best crypto stocks to buy for big gains as the industry grows. First, it is the biggest crypto exchange in the United States, serving millions of customers.
Second, Coinbase has diversified its business strategy. In addition to making money in transactions, it has introduced other areas such as staking, stablecoins, and subscriptions. It has become the biggest player in ETF custody.
Third, Coinbase runs Base, which has become the biggest layer-2 network in the crypto industry. This means that its holding could be worth billions if it decides to launch an airdrop.
Robinhood (HOOD)
While Robinhood is known for its role in the stock market, it has become a major player in the crypto industry, where it executes trades worth billions of dollars a day.
Robinhood has also invested heavily in the crypto industry, most recently, with the purchase of Bitstamp, a leading crypto exchange. The company is also working to introduce tokenized American stocks to its European customers.
Robinhood’s business is growing, with analysts expecting its second-quarter revenue to come in at $897 million, a 31% increase from the same period last year. Its annual revenue is expected to come in at $3.6 billion, up by 24% from 2024.
READ MORE: Bitcoin price prediction: BTC path to $300,000 revealed
Circle Internet (CRCL)
Circle is another crypto stock to buy and take advantage of the crypto market rally. It is the creator of USD Coin (USDC), the second-biggest stablecoin in the industry.
The company’s business is likely to continue doing well as stablecoins gain popularity. For example, Visa estimates that the market cap of all stablecoins will reach over $1.6 trillion in the next 12 months.
The hidden catalyst in Circle’s business is the Circle Payment Network (CPN), a service designed to transform the financial industry for the long term. This service, if successful, could reshape how people and businesses move money globally.
CPN will replace the layers, such as intermediaries, that make moving money expensive and inefficient.
READ MORE: Circle stock price forecast: opportunities and risks
MARA Holdings (MARA)
MARA Holdings, the biggest Bitcoin mining company in the US, is another top crypto stock to buy. It mines hundreds of coins a month, and its revenue growth is continuing.
Analysts expect the second-quarter revenue to be $212 million, up by 46% from the same period last year. Its annual revenue is expected to be $917 million, a 39% increase from the previous year.
MARA Holdings is also a good buy because it is the second-biggest public treasury company after Strategy. It currently holds 50,000 coins, valued at over $5.8 billion, which is slightly lower than its market capitalization of $6.8 billion.
Other top crypto shares to buy
Some of the other top crypto shares to consider are CleanSpark. Riot Platforms and Block.
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