Blockchain is the technology that powers cryptos. Blockchain, at its heart, is a distributed digital ledger that holds data of any form. For example, a blockchain can keep track of crypto transactions, NFT ownership, and DeFi smart contracts. However, many investors are unfamiliar with blockchain or the best strategies to participate in this fascinating technology development.
In this guide, we’ll dig deeper into the best blockchain startups you can watch right now.
Top three things to know before starting
Before starting in blockchain, there are three things worth considering:
Know the difference
It’s important to note that blockchain and crypto are different. Blockchain is the core technology supporting cryptos, but it offers many possible uses unrelated to Bitcoin or other cryptos.
Investing in blockchain
You can’t invest in blockchain since it’s just a mechanism for storing and processing transactions. However, you may use this technology to invest in assets and businesses. The simplest method is to buy cryptocurrencies such as Bitcoin, Ethereum, and other blockchain-based tokens.
Another possibility is to invest in blockchain firms that use this technology. Nvidia, for example, accepts blockchain payments, and if you wanted to obtain access to blockchain technology in your portfolio, you might buy its shares.
You might invest in an exchange-traded fund for a more diversified strategy.
Limit your risk exposure
Blockchain can belong in any investment portfolio, but you should treat it with caution. First, do your research about the company you are interested in, and then invest. Many publicly listed organizations are currently incorporating blockchain into their operations, providing clients with blockchain-related services, or playing a role in the crypto sector. Some focus on blockchain innovation and/or cryptos, while others employ blockchain-related goods and services to enhance an already successful firm.
Here’s a list of the top five blockchain startups you can watch.
What is American Express (AXP)?
American Express Co. provides charge and credit card products and travel-related services. On March 28, 1850, Henry Wells, William G. Fargo, and John Warren Butterfield established the corporation.
American Express is a publicly listed financial services corporation. It provides credit loans and network processing services, providing it with a diverse set of rivals in the market.
AXP price history
After struggling in the early months of the pandemic, the AXP price has recovered significantly. However, as we see, the geopolitical and economic crises have failed to capitalize since February 2022.
Where to buy AXP?
You can buy AXP through any online broker who offers AXP stock.
What are the perspectives of the AXP project?
American Express has applied for seven trademarks for logos related to Metaverse, NFTs, and the digital assets hub. The payment processor intends to commence its expedition drive in the rapidly expanding sector of decentralized currencies, non-fungible tokens, and Metaverse’s virtual reality.
What is Jet Token (JET)?
Jet Token is a booking platform that connects private jets with commercial flights from third-party providers to provide a more cheap and easy way to travel. The corporation has begun to use blockchain technology and Bitcoin as the private jet market modernizes.
The company has released a native JeToken based on the Ethereum blockchain.
JET price history
Since its release on November 8, 2021, the price has taken a downward path and is now trading at 0.27440.
Where to buy JET?
You can buy JET on many crypto exchanges like FTX, Crypto.com, etc.
What are the perspectives of the JET project?
JeToken seeks to leverage blockchain technology’s technical growth and claims to tackle prevalent real-world challenges in the aviation and travel-related industries. Soon, JeToken will launch a smart program through which clients will be able to reach higher tiers and rewards on their payments.
What is Coinbase (COIN)?
Coinbase is one of the world’s largest crypto exchanges, offering over 100 different digital assets for trading on its platform. The firm is well-known for fueling the crypto economy by combining blockchain technology with traditional banking to provide consumers with various crypto offerings.
COIN price history
Since its launch in April 2021, the COIN price has seen many ups and downs and is now trading at $114.25.
Where to buy COIN?
You can buy the COIN stock through any online stockbroker.
What are the perspectives of the COIN project?
One of the best things about Coinbase, at least from the perspective of a blockchain investor, is that regardless of whatever cryptos wind up leading the way, the firm should benefit greatly as the technology evolves.
What is Amazon (AMZN)?
Besides running the world’s largest e-commerce platform, Amazon also runs the world’s premier cloud infrastructure provider, Amazon Web Services.
You can develop and manage blockchain networks using Amazon Managed Blockchain, available on the AWS platform.
AMZN price history
AMZN price has exploded in the past ten years. The stock was the biggest gainer of the pandemic. However, amidst this geopolitical and economic uncertainty, AMZN price has been in decline in 2022 so far.
Where to buy AMZN?
You can buy AMZN through an online stockbroker.
What are the perspectives of the AMZN project?
Blockchain presently accounts for a negligible portion of Amazon’s income, but there are opportunities for more as the technology advances.
What is DocuSign (DOCU)?
DocuSign is the world’s leading provider of electronic signature technology. The firm uses the Ethereum blockchain to record customer agreements.
DOCU price history
DocuSign’s stock is down nearly 37% year to date following the company’s third-quarter report, but there are still prospects for DocuSign to help define the future of the blockchain field.
Where to buy DOCU?
You can buy DOCU through an online stockbroker.
What are the perspectives of the DOCU project?
DocuSign has been using blockchain technology in its company since 2015, allowing clients to record their agreements on the Ethereum blockchain, and CEO Dan Springer has spoken about how crucial blockchain will be for DocuSign’s business in the future.
Pros & cons of blockchain
| Pros | Cons |
| The technology can explode in the upcoming years. | Some companies are skeptical of its growth. |
| Some of the giants are investing heavily in it. | Technology is prone to economic and political crises. |
| There are many ways to invest in this technology. | Its cryptos can be super volatile. |
Final thoughts
Blockchain can become a significant aspect of finance, technology, and several other industries in the following years. As a result, it’s a good idea to concentrate on organizations that will undoubtedly gain from the advancement of blockchain technology.