3 Tech Stocks With More Potential Than Any Cryptocurrency
Many cryptocurrencies rallied back over the past year as expectations for lower rates drove investors toward speculative investments again. Moreover, the approvals of the first spot price exchange-traded funds (ETFs) for Bitcoin and Ether, Ripple's victory against the U.S. Securities and Exchange Commission (SEC), and Bitcoin's halving in April all brought more bulls back to this segment of the market.
It might be tempting to jump on the crypto bandwagon again, but investors should realize those tokens still mainly trade on market hype instead of sustainable long-term strengths. Instead of placing big bets on the volatile crypto market, it might be smarter to invest that cash in a few high-risk and high-reward plays in the tech sector instead.
I believe these three tech stocks -- AST SpaceMobile (NASDAQ: ASTS), Serve Robotics (NASDAQ: SERV), and Lumen Technologies (NYSE: LUMN) -- have the potential to generate bigger gains than any cryptocurrency over the next few years. Let's find out a bit more about these stocks.
AST SpaceMobile
AST SpaceMobile develops low-earth orbit (LEO) satellites for cellular communications. Unlike SpaceX's Starlink, which provides medium-range coverage through mid-band spectrums, AST's satellites provide lower-band connections which can be directly accessed by every day 2G, 4G, and 5G smartphones across wider regions.
AST SpaceMobile was founded seven years ago and went public by merging with a special purpose acquisition company (SPAC) in 2021. It launched its first BlueWalker 3 prototype satellite for 4G and 5G connections in September 2022, and it secured cellular broadband agreements with AT&T and Verizon Communications this May.
AST has a market cap of $5.2 billion, but it hasn't generated any meaningful revenue yet. That's because investors expect its revenue to soar after it successfully launches its first commercial satellites. It's scheduled to launch its first five commercial Block 1 BlueBird (BB) satellites next month.
