Which Stock Is a Better Buy? -Breaking
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© Reuters. Bakkt Holdings and Coinbase: Which stock is a better buy?Here’s why cryptocurrency stocks such as Bakkt Holdings (BKKT) and Coinbase (NASDAQ:) are top growth picks currently: Both companies are rapidly expanding their user bases and product portfolios and increasing their revenue in the process. So, let’s evaluate which of the two stocks is the better bet for inclusion in one’s portfolio today.With cryptocurrencies, including and , hovering close to record highs, the stocks of companies that participate in this highly disruptive space have also gained momentum in recent trading sessions. Bakkt Holdings, (BKKT), went public on October 28 via a SPAC merger at $10 per share. It is now trading at $34.95. Coinbase (COIN), one of largest cryptocurrency-trading platforms worldwide, has gained nearly 50% over the previous month.
Market-record gains continue to be generated by digital tokens, such as cryptos like Inu and Solano increasing more than 10,000% in the past year. In the unlikely event that crypto investors remain bullish, Bakkt or Coinbase may continue to outrun the indexes for the short term.
So, let’s examine what has driven the price rally in the stocks of both these companies, which are operating in the crypto space and which we think should both be part of one’s growth portfolio right now.
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