The blockchain market is experiencing various trends that continue to shape its future and expand the use of technology in a range of sectors. Blockchain technology offers significant advantages, such as transparency and efficiency. According to a report by the commercial research company, the world blockchain market was estimated at $ 28.93 billion in 2024. The market is expected to increase considerably at an annual growth rate (TCAC) by 44.9% during of the period 2025-2029 to reach a value of value of the value of $ 216.82 billion at the end of the forecast period.
Crypto extraction also becomes very attractive and profitable, especially since the price of cryptocurrencies increases. Crypto extraction companies check and add transactions to blockchain networks and gain crypto in awards. Bitcoin reached a new $ 109,000 summit on January 20 and Bitcoin exploitation is becoming more and more popular. As a result, there is an increase in advanced infrastructure demand, such as data centers and mining equipment. This stimulates investments in blockchain technology and services.
However, all blockchain companies do not focus on mining cryptocurrencies. Some of the companies involved in the Blockchain space develop applications, provide services or create new use cases using blockchain technology.
Blockchain shares can greatly benefit from the changes provided for in American regulations under Trump administration and experts think that this could lead to an increase in institutional interest and investments in blockchain and the blockchain and Cryptography.
Trump recently launched the play even “official Trump”, which had reached a market capitalization of more than $ 10 billion by the morning of January 20, according to Coingecko, as CNBC reported. In addition, the return of First Lady Melania Trump also launched her own “Melania” piece.
Gracy Chen, CEO of Crypto Exchange Bitget, told CNBC that rumors that cryptocurrency is declared national interest by the United States has positively influenced the price of Bitcoin. She noted that the increase in the price of Bitcoin is not due to the launch of new coins. Instead, Chen said that without the release of the Trump family parts, the Bitcoin price would have increased more because capital would not have passed new parts to limit overall growth.
Joel Kruger, market strategist at LMAX, believes that the launches of coins by the Trump family have given merchants a conviction that the new administration will be positive for industry.
To compile our list of the 10 best blockchain actions to buy according to analysts, we looked for blockchain companies. We have examined our own rankings, financial media reports, ETF and various online resources to compile a list of the best blockchain actions. Then we focused on the main stocks of blockchain which, according to analysts, have the most growth potential. We classified the 10 best blockchain actions to buy according to their potential to increase the average price objective according to analysts on January 31, 2024.
In addition, we mentioned the feeling of the hedge funds surrounding each stock, which was drawn from the database of the 2024 quarter of the initiate of 900 Elite hedge funds.
Why do we care about what the hedge funds do? The reason is simple: our research has shown that we can surpass the market by imitating the main choices of stock of the best hedge funds. The strategy of our quarterly newsletter selects 14 shares with small capitalization and large capitalization each quarter and has returned 275% since May 2014, beating its reference with 150 percentage points (See more details here)).
Applied Digital Corporation (APLD) is the best blockchain stock to buy according to analysts?
An aerial view of a large -scale data center with rows of servers and flashing lights.
Average price objective potential according to analysts: 54.49%
Number of hedge holders: 26
Applied Digital Corporation (NASDAQ: APLD) is a company that designs, develops and operates new generation data centers across North America. The company provides digital infrastructure solutions for blockchain extraction operations and GPU computer solutions for critical workloads related to artificial intelligence (AI) and other high -performance computer tasks (HPC). Applied Digital Corporation (NASDAQ: APLD) is one of the best blockchain actions to buy according to analysts.
The company is strategically focusing on the expansion of its HPC activities. Applied Digital Corporation (NASDAQ: APLD) is developing a 400 megawatts campus in Ellendale, Dakota from the North. In December 2024, the company managed to expand the main transformer. Applied Digital Corporation (NASDAQ: APLD) expects the installation to have 100 critical computer megawatts available in 2025.
In addition, on January 14, Applied Digital Corporation (NASDAQ: APLD) announced a strategic partnership with Macquarie Asset Management, the Macquarie Group Macquarie Management Division. The Macquarie Group will invest up to $ 900 million in installing the company’s HPC data center in Northern Dakota. The Australian investment bank will be able to invest up to $ 4.1 billion in HPC data centers that PLD built in the future. Under the partnership agreement, Applied Digital Corporation (NASDAQ: APLD) will retain an 85% participation in its HPC assets while gaining up to $ 5 billion in funding to improve its operations. This investment will help Applied Digital Corporation (NASDAQ: APLD) to establish itself as a designer, manufacturer and operator of high-level HPC data in the United States.
Overall, APLD rank 8th On our list of the best blockchain actions to buy according to analysts. While we recognize the potential of the APLD as an investment, our conviction lies in the conviction that certain AI actions are more promising to provide higher yields and do it within a shorter period. If you are looking for a more promising stock of AI but which is negotiated within 5 times its income, consult our report on the Stock ai the cheapest.
