5 Best Crypto, Bitcoin Stocks to Buy Instead of Overvalued Coinbase

4. PayPal Holdings, Inc. (NASDAQ: PYPL)

PayPal Holdings, Inc. (NASDAQ: PYPL) is a California-based online payments firm that operates across the world. It is famous for internet-based money transfers. PayPal serves as an electronic alternative to cheques, money orders and cash. Last month, PayPal announced a new feature that would allow users to checkout with cryptocurrency. The shares of the firm have soared almost 26% since the beginning of the year. It ranks fourth on our list of 10 best crypto, bitcoin stocks to buy instead of the overvalued Coinbase.

It has a market cap of more than $313 billion and posted more than $24 billion in annual revenue in December 2020, up more than $4 billion compared to the previous year. The 52-week price range of the firm lies between $309 and $107. Global investment banking firm Evercore earlier this year said that PayPal was positioning itself for the arrival of a central digital currency as it made plans to accept cryptocurrency as payment. The share price of PayPal stock has soared as Bitcoin price increases over the past few weeks.