The best blockchain stocks tend to have similar characteristics: strong future business potential, well-designed products and services, and the ability to support an increasing number of users or customers. While that may sound simple, it can often be difficult to find the best blockchain stocks to invest in due to the vast options that now exist.
To help out prospective crypto investors, here are the three blockchain stocks to earmark for success, including one of the best new blockchain gaming platforms that is yet to be released:
- Metacade (MCADE)
- Coinbase (COIN)
- Microstrategy (MSTR)
1. Metacade (MCADE)
Metacade is building the biggest blockchain gaming arcade. It is a community-driven initiative that will deliver a vast number of different play-to-earn games to its users, with every single blockchain gaming title on the platform providing integrated financial rewards to players.
Blockchain gaming titles on the Metacade platform range from classic arcade games to brand-new experiences developed specifically for the project. Users can progress through infinite levels within these blockchain gaming experiences and can play solo or against other gamers from all over the world. It is a comprehensive blockchain gaming platform – and, while Metacade isn’t necessarily a blockchain stock, it is an interesting opportunity for investors.
Metacade takes the play-to-earn mechanic to the next level, delivering vast additional incentive structures on top of its blockchain gaming offering. Users can generate financial rewards through the Compete2Earn feature, Create2Earn, Work2Earn, and also by trying to beat their high score in the blockchain gaming arcade.
Compete2Earn involves paid entry tournaments where players can join for the chance to win major prizes paid in MCADE tokens. These blockchain gaming tournaments will be hosted for some of Metacade’s hottest titles, in which users compete in a ranked event. Each tournament has a large prize pool of MCADE, which adds extra incentive for competitive players.
As Metacade intends to be home to the latest tips, tricks and trends in the blockchain gaming space, it will reward its users for their community contributions through the Create2Earn feature. Users can create valuable content to build this section of the platform and will earn MCADE tokens in the process.
Beyond this, Metacade is connecting its community to paid job opportunities through the Work2Earn mechanic. Work can range from part-time to full-time positions, with some roles even being paid in cryptocurrency. This can help crypto enthusiasts to kickstart their career in Web3, with Metacade playing a vital role in driving progress in blockchain gaming development – another major reason why it’s one of the most promising presales to invest in now.
Why buy MCADE?
As well as creating the largest on-chain arcade and delivering vast earning potential for users beyond the metaverse arcade, Metacade is helping to support innovation in blockchain gaming. The Metagrants program will allow users to fund the next wave of game developers directly through a voting process, where the most in-demand new projects are supported until they are launched.
On top of this, users can gain access to brand-new blockchain games before they are officially launched. The beta-testing feature will connect gamers to these opportunities, where they will be paid in MCADE tokens for providing feedback to the development teams. This helps to ensure that new games are bug-free and provides an interesting job opportunity for blockchain gaming enthusiasts.
Metacade is positioning itself to be one of the most comprehensive GameFi platforms in the world of blockchain gaming. It will deliver benefits like no other, making MCADE one of the most promising investments to buy right now. To top it off, MCADE has only recently launched – giving it massive upside potential from the current price level.
While other projects on the list of the three best blockchain stocks to invest in during 2023 are farther along in their sales cycles, Metacade has yet to suffer from the law of diminishing returns. The MCADE token has the potential to post over 300x gains from its presale price level.
You can participate in the Metacade presale here
2. Coinbase Global (COIN)
Coinbase is the second-largest cryptocurrency exchange in the world of Web3 and one of the best blockchain stocks to buy now. The company behind the exchange, Coinbase Global Incorporated, went public on 14th April 2021 – the first time ever that an independent cryptocurrency exchange had a public stock exchange offering.
The Coinbase exchange holds $153 million worth of Bitcoin and a wide variety of other digital assets on its capitalization table, including several blockchain gaming projects. Although COIN remains one of the best blockchain stocks, it is currently worth just $69 after it was initially released at $342. This could represent a great buying opportunity, as the ongoing dip may mean that COIN is underpriced for the long term.
The company has, however, been experiencing a long-term downtrend in its monthly active users. This downtrend affected a variety of blockchain gaming projects, NFT trading, and centralized exchanges such as Coinbase. This may be due to the crypto winter of 2022, and Coinbase is likely to see a recovery as more users return to cryptocurrency trading during more beneficial market conditions.
As Coinbase’s usership dropped, the company decided to lay off 18% of its employees halfway through 2022. This was in an effort to reduce costs and ensure that the company remains profitable through fluctuating market conditions – showing strong foresight and decisive management, a key reason why COIN is one of the best blockchain stocks to buy. As a result of this volatility, the COIN stock fell 80% in total from its initial launch to the current price level.
In spite of recent crypto price action, Coinbase is the single biggest cryptocurrency exchange in the United States. With that in mind, COIN is likely to survive for the long-term and could make a great investment at the current price of $69 – especially as the fair value estimate released by Morningstar places the COIN value at $90.
Why buy COIN?
COIN currently seems undervalued when considering its utility and role within the world of Web3. Coinbase is one of the most successful cryptocurrency exchanges and supports a large number of users, which are major contributing factors to its classification as one of the best blockchain stocks. It is also compliant with regulations in the United States, which ensures that users can trade freely with the knowledge that the platform they use is entirely secure.
Coinbase enables near-instant fiat transactions in the process of buying cryptocurrency. This is extremely useful for cryptocurrency traders and investors alike. Coinbase also has a simple-to-use interface and offers a selection of trading modes – users can opt for an advanced trading interface or easier ways to buy and sell for beginners.
As a reliable cryptocurrency on-ramp that offers a range of additional blockchain services, the COIN stock is primed to make long-term returns. The $69 price level could be a great opportunity for anyone looking to buy into the best blockchain stocks, as COIN looks ready to continue its expansion and offer even more users advanced crypto trading tools.
3. Microstrategy (MSTR)
Microstrategy is a renowned enterprise business intelligence and analytics software company. The founder and former CEO of Microstrategy, Michael Saylor, is famous within the cryptosphere for purchasing a massive amount of Bitcoin for the Microstrategy capitalization table.
In total, Microstrategy holds 132,500 BTC – which is over 5% of the entire supply of Bitcoin that will ever be created. As a staunch backer of the cryptocurrency movement, Microstrategy is another one of the best blockchain stocks to buy.
The Microtstrategy balance sheet will always be impacted by the price of Bitcoin due to the large investment that the company has had in Web3. The total value of BTC on the Microstrategy balance sheet is currently $3.18 billion.
Micrstrategy continually added to its Bitcoin holding throughout the crypto winter of 2022. Saylor is a vocal supporter of Bitcoin, claiming that it is the soundest form of money that currently exists in the global economy. This is largely due to Bitcoin’s unique characteristics as a fixed-supply, decentralized currency that is wholly secured by cryptography.
Besides Microstrategy’s Bitcoin investment, the company is a highly successful business intelligence tool. The tool supports interactive dashboards, scorecards, alerts, automatic report distribution, and more.
All business data can be recorded and queried through the Microstrategy software. It can also be integrated with Microsoft Office, as well as desktop, mobile, and web applications. The dashboards are designed for specific business operations and are highly versatile in their utility.
Why buy MSTR?
With a highly successful Software as a Service (SaaS), healthy business operations, and major levels of cryptocurrency investment, Microstrategy is one of the best blockchain stocks around.
The MSTR price is currently up 105% YTD, owing to a resurgence in cryptocurrency prices at the beginning of 2023. The current price of $298 looks undervalued when compared with MSTR’s recent high of $963, as Microstrategy’s total Bitcoin holding will be worth almost $10 billion if BTC reclaims its all-time high of $69,000.
Since MSTR’s stock price is now closely linked to the price of Bitcoin, investors can expect volatility. However, market cycles for Bitcoin have proven predictable in its short history, with bull cycles reliably following the Bitcoin halving events.
Over time, the BTC price is expected to breach the $69,000 price level and reach new all-time highs above $100,000. This means that the value of MSTR is likely to rise substantially, making it one of the best blockchain stocks to buy now.
Metacade: the best blockchain stock to invest in now?
The MCADE token presale has only just begun, which gives early participants a unique chance to get involved in an industry-leading blockchain gaming project during its initial stages. These moments can often produce insane returns on investment, so Metacade is definitely one of the best investment opportunities right now, even considering other blockchain stocks.
The presale launched at just $0.008 per token – a value that will rise to $0.02 before the end of the event. Wise investors understand that the best time to back a company is during its presale before the price soars on public exchanges.
You can participate in the Metacade presale here.
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
