The crypto industry had a roller coaster year in 2021. Institutional investors are showing a lot of interest in Bitcoin, which has hit multiple record highs. During the summer, the industry as a whole was in a slump, and the coin’s value dropped to record lows. “This year has been a breakthrough for the sector,” says Gemini’s Dave Abner. A total of $23 billion will be invested in crypto startups by 2021, according to crypto startups. Bitcoin became legal tender in El Salvador, making it the first country in the world to do so. Now is a great time to invest in Mastercard and PayPal, two of the best crypto stocks on the market.
Insider Monkey highlights the 11 best crypto stocks to buy now. BIT Mining Limited has divested itself of non-crypto assets in an effort to establish itself in the crypto community. BIT Mining is the proud owner of over 2,000 Bitcoin and Ether coins. This year, the company plans to produce tens of millions of dollars worth of digital coins. Genesis Digital Assets Limited has ordered 30,000 Avalon Bitcoin mining machines from Canaan Inc. The original contract had given them the right to purchase an additional 180,000 machines if they so desired. Genesis Digital Assets Limited has ordered 30,000 Avalon Bitcoin mining machines from Canaan Inc. The original contract had given them the right to purchase an additional 180,000 machines if they so desired. Bitcoin mining company Bitfarms Ltd. (NASDAQ:BITF) is another up-and-comer in the industry. Taking advantage of the recent drop in cryptocurrency prices, the company recently purchased $1000 worth of bitcoins. In 2022, plans are in place to double operations farms, triple operational capacity, and quadruple annual hash rate. Brendler maintained a Buy rating on Marathon Digital Holdings, Inc. stock, with an expected price target of $65, in a research note on Monday. In a bullish note to investors, Brendler named the company as one of the “Top Picks” among cryptocurrency miners for 2022.Coinbase Global, Inc. (NASDAQ:COINrevenue )’s diversification away from retail crypto trading was cited as one of the reasons for the upgrade. Insider Monkey’s database shows that 50 hedge funds have $2.9 billion invested in the company. For more details, click the 11 Best Crypto Stocks to Buy Now.
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