10 Best Cryptocurrency Stocks to Buy Right Now

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6. Galaxy Digital Inc (NASDAQ:GLXY)

Stock Upside Potential: 58.69%

Number of Hedge Fund Holders: 49

Galaxy Digital Inc (NASDAQ:GLXY) is among the best cryptocurrency stocks to buy right now. The stock has gained more than 30% over the past month and around 70% over the past 12 months.

On April 23, Rosenblatt reiterated its Buy rating on Galaxy Digital Inc (NASDAQ:GLXY) with a price target of $39. This price target is based on 26 times Rosenblatt’s 2027 adjusted EBITDA estimate for Galaxy Digital.

According to Rosenblatt, buy-side expectations have already baked in Galaxy Digital’s anticipated Q1 2026 earnings miss. The firm sees Galaxy Digital’s Q1 results falling short of consensus estimates amid weak trading volumes and lower crypto prices. Looking ahead, it expects a rebound in Galaxy Digital’s crypto business and continued momentum in the data center infrastructure business.

Rosenblatt pointed out that Q1 will mark the beginning of Galaxy Digital’s transition toward a model of infrastructure-led earnings. It noted that data center infrastructure is a higher-multiple business.

On the data center business, Rosenblatt highlighted Galaxy Digital’s lease deal with CoreWeave. It noted that initial revenue from the CoreWeave will shift investor focus toward the data center segment.

In other news, Galaxy Digital announced on March 31 that it was introducing a crypto staking feature on its GalaxyOne platform. With this feature, users can earn rewards of up to 6.50% on staked digital assets. The crypto staking service launched with the support for Solana staking, with Galaxy Digital saying the support for Ethereum and other crypto would be added later.

Galaxy Digital Inc (NASDAQ:GLXY) is a digital assets and data center infrastructure company. Its solutions support progress in finance and artificial intelligence. Through its digital assets platform, Galaxy Digital offers access to trading, staking, and asset management services. The company’s data center powers AI and high-performance computing applications.

While we acknowledge the potential of GLXY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GLXY and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Cryptocurrency Stocks to Buy Right Now.

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