bitcoin
bitcoin

$72388.83 USD 

0.24%

ethereum
ethereum

$2638.23 USD 

-1.17%

tether
tether

$0.999735 USD 

0.02%

bnb
bnb

$585.38 USD 

-2.34%

solana
solana

$175.52 USD 

-0.49%

usd-coin
usd-coin

$0.999913 USD 

0.01%

xrp
xrp

$0.519360 USD 

-0.66%

dogecoin
dogecoin

$0.171573 USD 

0.88%

tron
tron

$0.170108 USD 

1.45%

cardano
cardano

$0.359526 USD 

1.71%

toncoin
toncoin

$4.94 USD 

-1.69%

shiba-inu
shiba-inu

$0.000019 USD 

0.44%

avalanche
avalanche

$25.77 USD 

-2.06%

chainlink
chainlink

$12.06 USD 

0.26%

bitcoin-cash
bitcoin-cash

$375.29 USD 

1.59%

Cryptocurrency News Articles

Crypto Stocks Set for a Holi Bonanza?

Mar 24, 2024 at 03:33 am

Crypto Stocks Set for a Holi Bonanza?

Crypto Stocks Poised for a Holi Rally?

With the Festival of Colors just around the corner, crypto enthusiasts are eagerly anticipating the potential upside in crypto stocks. As the market enters a bullish phase, companies exposed to digital assets are expected to reap the benefits of soaring cryptocurrency prices. Here are some of the top crypto stocks to keep an eye on during Holi 2024:

Marathon Digital: Riding the Bitcoin Wave

Marathon Digital (MARA) has emerged as a crypto stock to watch due to the recent surge in Bitcoin (BTC) prices. As a cryptocurrency mining company, MARA's share price is heavily influenced by two key factors. Firstly, the influx of capital into the market following the approval of spot Bitcoin ETFs has boosted demand for crypto miners, helping them recover from losses incurred during the 2022 bear market. Secondly, the upcoming Bitcoin halving event, which is historically bullish, has attracted investors seeking exposure to a potential price increase. Currently trading at $20.87, MARA has experienced a 4% decline in the past 24 hours.

MicroStrategy: Bitcoin Bull's Haven

MicroStrategy (MSTR), a leading provider of enterprise analytics software, has consistently been a favorite among investors during bull markets. Michael Saylor, the company's Chairman, is a vocal Bitcoin bull who predicts further inflows into the digital asset. MicroStrategy's strategy of acquiring large amounts of Bitcoin has significantly increased its exposure to the asset. At the time of writing, the company holds 214,466 tokens, valued at approximately $14 billion. MSTR is currently trading at $1,523, down 4.7% from the previous day.

Coinbase: Riding the Trading Wave

Coinbase (COIN), the largest digital asset exchange by trading volume in the United States, has seen its value surge during bull markets since its debut on NASDAQ in 2021. With increased on-chain activity since Q4 2023 and Bitcoin prices reaching new highs, COIN remains a crypto stock to closely monitor. The company's recent partnership with BlackRock has further enhanced its position in the institutional market. Currently trading at $255, COIN has experienced a 2% decline in the past 24 hours.

Core Scientific: Mining for Growth

Core Scientific (CORZ) is a crypto asset mining firm that has the potential to benefit from rising BTC prices. The upcoming halving event has prompted crypto miners to increase their capacity, anticipating a bullish phase. The company's recent acquisition of a 16MV data center underscores its expansion plans. CORZ is currently trading at $3.39, down 2% in the past 24 hours.

Nvidia: Gaming and Crypto

Nvidia Corp (NVDA) provides graphic cards used by cryptocurrency miners, making it a player in the crypto stock space. The company's stock price has risen in recent weeks as miners increase their capacity ahead of the halving. Nvidia's strong position in the gaming industry also contributes to its performance on the stock market. The asset is currently trading at $942, up 3.1% in the past 24 hours.

Conclusion

As the Festival of Colors approaches, crypto stocks are poised for potential gains. Marathon Digital, MicroStrategy, Coinbase, Core Scientific, and Nvidia are among the companies to watch as the crypto market continues its upward trajectory. Investors are advised to monitor these stocks closely and consider their own risk tolerance and investment objectives before making any decisions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Oct 31, 2024