Crypto stocks to buy now

Crypto stocks to buy now

2021-04-21 • Updated

It’s all about crypto these days. Almost everyone is closely watching for price changes of Bitcoin, Ethereum, and other cryptocurrencies. Bitcoin has become a must-have in every well-balanced portfolio due to its great performance: it rallies up and up to no matter what.  

For example, Citigroup, a well-known US investment bank, believes that the BTC can become one day a currency #1 for international trade. While this statement may meet criticism, nobody would argue that it’s better to have some crypto than not. This article will describe a group of stocks that are closely linked to cryptocurrencies and thus has a competitive advantage among its peers. 

MasterCard & Visa

MasterCard has already claimed that it is including crypto in its network. The same action was made by MasterCard’s main competitor – Visa. Visa has become a network of choice for digital currency wallets. In addition, it’s planning to offer a full range of crypto assets soon. 

Tesla: Bitcoin’s big brother

You couldn’t find a more crypto-friendly company than Tesla. Elon Musk invested $1.5 billion in bitcoins. Moreover, the company claimed it would accept payments in bitcoin for its electric cars. Why is Musk doing that? Cash is exposed to inflationary pressure and has small returns these days. That’s why it’s beneficial for companies to use crypto. 

Tesla has approached the March high of $720.00. The move above it will drive the tech giant to the psychological mark of $800.00. Support levels are at the recent lows of $660.00 and $625.00.

You can trade stocks in our app FBS Trader!

IMG_20210316_153001.456.jpg

PayPal

PayPal was the first to allow its users to buy, sell and hold cryptocurrencies directly through its system. According to Bloomberg, PayPal is in negotiations to acquire Curv, a crypto transfer, and storage company. If it manages to finalize this deal, it would push PayPal to the upside.

NVIDIA & AMD: crypto’s backbone

Without these well-known chipmakers, mining would be impossible. NVIDIA has recently announced that it would restart the production of dedicated crypto mining GPUs, which will increase its revenues. 

NVIDIA is well below its record highs, making it very attractive for those who want to buy it as it has a lot of space to rise. If it manages to break above the lucky number of $555.00, the way up to the high of February 24 at $580.00 will be open. Support levels are the psychological level of $500.00 and this year’s low of $465.00.

IMG_20210316_152959.268.jpg

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5 or FBS Trader app. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area (an account in FBS Trader).
  3. Start trading!

                                                                                                  TRADE NOW

 

Similar

Walmart Beat Q2 Estimates
Walmart Beat Q2 Estimates

Walmart has published its earnings results for the second quarter of 2021, which exceeded analysts’ expectations. As a result, the stock surged!

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera