Missed Out on Shiba Inu? Buy These 3 Crypto Stocks Instead
It's tough seeing a cryptocurrency like Shiba Inu (CRYPTO: SHIB) and realizing that you might have missed the boat on some insane once-in-a-lifetime returns. But the fact of the matter is that very few people saw it coming and the reality is that Shiba Inu is an extremely speculative investment that trades with very few fundamentals behind it and lots of volatility.
The good news is that there are lots of other crypto-related investments still out there with tons of growth potential. We've compiled a panel of Motley Fool contributors to give you some great crypto plays that are backed with real fundamentals. The three we'll discuss here are Customers Bancorp (NYSE: CUBI), Workiva (NYSE: WK), and Mercadolibre (NASDAQ: MELI). Here's why all three of these can be winners.
Bram Berkowitz (Customers Bancorp): Customers Bancorp has long been at the top of the banking sector when it comes to developing industry-leading technology. The bank has built a small business banking platform that is uniquely positioned in U.S. Small Business Administration (SBA) lending. Management believes the platform, which allows business borrowers to apply, get a decision, and close on loans up to $350,000 within 30 days, is the only one of its kind in the country. The bank used this platform to become one of the top Paycheck Protection Program (PPP) lenders in the country when the pandemic struck, originating roughly $10 billion of total PPP loan volume.
Source Fool.com