Blockchain Growth factors: • Blockchain technology, in ad | 🚀 Robin Rocket

Blockchain

Growth factors:
• Blockchain technology, in addition to cryptocurrencies, is already being applied in areas such as cloud storage, payment services, supply chain management, healthcare, banking, electricity, etc.

• Blockchain makes all processes in the banking industry safer, more reliable and more transparent. The technology can enable banks to cut costs by up to 50%, which will provide significant growth in return on equity.

• According to experts, by 2025 the volume of the global blockchain market will reach $39.7 billion with an average annual growth rate of 67%.

Key ideas in the sector:
Coinbase Global $COIN
Target price from Oppenheimer - $444, upside potential +70%.
American cryptocurrency exchange, founded in 2012, allows transactions with over 50 cryptocurrencies online.

PayPal Holdings $PYPL
Target price from Deutsche Bank - $360, upside potential +30%.
The largest electronic payment system. From March of this year, clients of the service in the United States who hold bitcoin, Ethereum, Bitcoin Cash and Litecoin on their accounts will be able to use them to pay for goods or services.

Square $SQ
Target price from Truist Securities - $365, upside potential +34%.
American technology company that develops solutions for receiving and processing electronic payments. Thanks to investments in cryptocurrency, the company managed to increase its net revenue in the 1st quarter of 2021 by 222%.

Riot Blockchain $RIOT
Target price from BTIG - $45, upside potential +25%.
The company is engaged in cryptocurrency mining. It is estimated that after the deployment of new devices for mining cryptocurrency, the company will be able to almost double the hash rate of the network.

Not an investment recommendation.