Crypto companies are the new dominating figures with over a billion dollars valuation. Over the past years, they have continuously worked hard to remain bullish despite various economic challenges.
As an investor, it is important to know big companies that are bullish before buying their native tokens.
As the price fluctuates from highs to lows or lows to highs, only the smart investors who invest in the right companies can thrive in the crypto world. So, here are the top 5 crypto companies, every investor should know, that are unquestionably bullish and will continue to remain one in the future.
1: Tesla Inc. (TSLA)
Tesla is the leading electric automotive company that has taken over the crypto market by storm. TSLA remains a strong crypto token to own for investors as the company continues to thrive.
Tesla remains an unrivaled automotive company led by Elon Musk, the famous billionaire who is also the founder of SpaceX.
Recently, Tesla attracted attention last year when it invested about $1.5 billion in Bitcoin. The electric vehicle company believes digital assets as an authentic currency and a huge part of its balance sheet covers digital assets.
With Tesla’s involvement in the crypto market, there is no doubt that it is a bullish company. A few months ago, Elon Musk announced Tesla would take payments in Bitcoin; however, he withdrew his decision due to environmental issues. He said unless Bitcoin reduced the mining process that impacts the climate, he will not allow this payment method.
The company’s bullish status can be considered from the recent new example. Elon Musk announced that Tesla will accept Dogecoin as a payment method to buy electric cars in January. As soon as the news went out, Dogecoin’s prices surged dramatically due to an increase in demand.
Tesla is basing its development projects in the crypto world which can be a good opportunity for traders to earn profit and experience a bullish market. Tesla just announced its plan to partner with Block Inc. to shift Bitcoin mining operations to a sustainable energy platform. By supplying Tesla batteries to store energy and use to mine in crypto, the company will surely start accepting Bitcoin as a payment method for buying Tesla cars.
Furthermore, this initiative will kickstart a new era of green energy development projects.
2: MicroStrategy Inc. (MSTR)
MicroStrategy Inc. is a data analytics company that rose to popularity and worth after announcing its plans to add Bitcoin to its balance sheet. MicroStrategy used to be a small business intelligence firm in America, but its entry into the crypto world brought it fame and value.
There are many companies like MicroStrategy that burst into popularity once they entered the crypto world. In the business market that was once dominated by big tech companies, crypto gave small companies like MicroStrategy an opportunity to showcase their worth through its platform.
MicroStrategy is more than just a leading software company, it now holds the most percentage of Bitcoin in the world at around 129,218; it just recently bought bitcoin worth $191M.
The CEO of MicroStrategy, Michael Saylor is a big fan of cryptocurrency, especially Bitcoin. He regularly guests in interviews and conferences to share his strategies for approaching the market. In fact, he’s quite popular in the Bitcoin community with more than 2M users on his Twitter (@saylor).
MicroStrategy has a lot of worth in the crypto market. Its MSTR token also performs quite well and the company itself is involved in buying Bitcoin. MicroStrategy lives up to its reputation as the top crypto bull of 2022.
3: Coinbase Global Inc. (COIN)
Coinbase Global Inc. is a crypto exchange platform through which users can buy, sell, trade, and store cryptocurrencies. The exchange has the most engaged users with more than 89 million users from over 100 countries in the world. Therefore, its worth in the market is even more.
COIN, Coinbase’s currency, is one of the top cryptocurrencies with a bullish movement. Investors who have invested in this cryptocoin have seen good trends signaling that this crypto company is the perfect crypto bull in 2022.
Coinbase is working hard as a rival to Binance. With constant new features and tools, this crypto exchange is evidently going to dominate the crypto world in the near future.
4: Block Inc. (SQ)
Block Inc., previously known as Square, takes the lead in the crypto world with its open-source financial payment services. Block Inc. is the definition of the crypto bull as it soars heights in the crypto market following its release of various economic empowerment projects.
Led by the CEO Jack Dorsey, who recently stepped from his position as Twitter CEO, is pushing the company into the crypto world by bringing innovative projects to the surface.
Block Inc. aims to create an inclusive ecosystem by uniting businesses through various applications. Until now, it has launched Square, Cash App, Tidal, Spiral, and TBD to facilitate companies in financial payments.
Jack Dorsey himself is a big fan of Bitcoin and considers it one of the most influential currencies to revolutionize the internet and global economy. Seeing the company’s interest in Bitcoin shows that it is willing to advance and compete against companies in the crypto world.
Block recorded a 62% increase in GP year over year. The financial payment services firm plans on global expansion and attracting more users to the platform, which makes it a worthwhile investment.
5: Marathon Digital Holdings, Inc. (MARA)
Marathon Digital Holdings, Inc. is yet another crypto bull that dominates the market with its mining services. The company aims to become the largest bitcoin mining platform in North America.
Crypto mining is an important aspect of trading. It helps users in verifying new transactions and prevents double-spending. Since Bitcoin is becoming more and more valuable, new bitcoins are added to the blockchain through crypto mining.
Marathon facilitates users in this process. It has the highest hash rate of energy that speeds up the mining process and completes the block.
Since Bitcoin’s worth will never die out, Marathon will continue to play its role in assisting crypto mining. Investors believe MARA is a good coin to invest in, seeing the company’s performance and status in the crypto world.
Marathon Digital Holdings recently released its fiscal year report for 2021. The company recorded an increase of 3,353% year over year with a net income of $168.7M. It is indeed a crypto bull company of 2022.
Other than the above-mentioned companies, other big companies like Avalanche, Terra, and Nvidia Corp. are expected to have a bullish performance in 2022.
These crypto bulls are not only making their own name and net income but also pushing big cryptocurrencies like Bitcoin, and Ether to soar higher in the crypto market.
As more and more companies add up Bitcoin to their model or begin startups in the blockchain industry, the crypto bull companies might be shaken off from the competition. Only 2022 will show what new or old companies emerge in the crypto market as bullish.