Top 5 crypto stocks to trade
A revival in crypto, which companies to keep an eye on?
Bitcoin is consolidating around $34,000–$35,000 – the first reaction to the possible Bitcoin-ETF launch has taken place. Awaiting positive news and further movement.
In the meantime, let's pay attention to blockchain companies that are already traded on the US market. They could be the beneficiaries of the revival in crypto. Many are near their lows right now, and in almost every stock, a large percentage of participants are shorting. And that's fuel for a short-squeeze or reversal!
Another important point is that large investors are still wary of cryptocurrency transactions due to the lack of regulation. Buying shares of specific companies eliminates this negative point.
We have selected a few companies that are worth adding to your Watchlist to keep your eye on the ball:
- Marathon Digital (MARA) is one of the largest bitcoin miners and holders in the US.
- MicroStrategy (MSTR). The company provides business analytics, develops mobile software, and holds a large position in bitcoins.
- Cipher Mining (CIFR) is a New York-based bitcoin mining ecosystem.
- Coinbase (COIN), a well-known American cryptocurrency exchange.
- Riot Platforms (RIOT) operates in the bitcoin mining, data center hosting, and engineering segments.
Profitable trades everyone!
