As the cryptocurrency market steadily rises, more and more organizations are emerging to offer blockchain stocks, giving investors the possibility to gain exposure to the crypto realm without having to purchase digital assets directly. These stocks are either related to crypto services such as exchanges and miners, large financial institutions, or technology businesses which work on blockchain. With this in mind, Finbold has identified three blockchain stocks that might be a good investment option during May.

The first stock is Marathon Digital Holdings (NASDAQ: MARA), which has experienced an impressive price surge in the first few months of 2023, due to increasing interest in DeFi. This has led to a hike of 145.25% from the price at the start of this year and at present, the stock is quoted at $8.78. Out of five analytical opinions, two recommend a buy and the Japanese candlesticks point at a bullish market, making this a viable fitness.

Coinbase Global (NASDAQ: COIN) is another strong blockchain stock candidate, primarily because of its open stance against the US Securities and Exchange Commission (SEC). Currently trading at $50.14 and increasing 41.68% since the beginning of the year, the stock is an attractive option. Eleven out of 28 analysts advising a strong buy and none had the option to sell, indicating a positive rating overall.

Lastly, Mastercard Incorporated (NYSE: MA), while mainly focused on building crypto partnerships, has recently announced an increased emphasis on developing blockchain technology. In the last two months, MA successfully saw an 8.54% gain in stock price and is currently being traded at $379.86. 28 out of 39 analysts gave it a strong buy rating, making MA a solid stock choice.

Investing in blockchain stocks requires comprehensive research and keeping a close eye on the market, as sometimes unexpected things can happen. As a precaution, it is advised to be aware of the risks associated with the investment and nothing should be considered a guarantee of success.



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