Tag Archives: RIOT

4 Crypto Stocks to Buy as Bitcoin Adoption Increases

The total number of cryptocurrency users globally were 106 million as of January 2021. The surge in number of global users has been unprecedented in the last few months. Thus, this rise has cause a number of crypto stocks to be a hot commodities for investors.

In June 2021, the crypto users globally more than doubled to 221 million. Clearly, adoption of Bitcoin (CCC:BTC-USD) has been growing at a stellar pace with big participation coming from institutional investors.

From a price action perspective, the worst seems to be over for Bitcoin. The cryptocurrency has been trading higher....More>>>

SOS Stock Is a Risky Mining Play For Leveraged Bitcoin Exposure

Cryptos are making a comeback, and mining plays like SOS Limited (NYSE:SOS) are gaining ground as a result. But SOS stock is linked to two elements every investor is skeptical about these days, China and Bitcoin (CCC:BTC-USD).

Source: biggunsband / Shutterstock.com

SOS is headquartered in Qingdao, China. It has recently started developing blockchain operations in the U.S. through a joint venture with partner Niagara Worldwide, a New Jersey limited liability company. Niagara Development will be responsible for providing up to 150MW of electricity for the mining rigs. Chinese....More>>>

Coinbase, Bitcoin, and Other Cryptocurrency Stocks Plunge as Options Traders Liquidate

What happened

Today was supposed to be a momentous day for popular cryptocurrency Bitcoin (CRYPTO:BTC). And I suppose it was, but not for the reason everyone thought. Today, El Salvador officially made Bitcoin legal tender, causing many to think the price would spike. Instead, the price of Bitcoin cratered from around $51,000 to below $43,000 in a matter of hours.

Bitcoin’s drop brought down the entire cryptocurrency space, including stocks like cryptocurrency exchange Coinbase Global (NASDAQ:COIN), cryptocurrency mining companies like Marathon Digital Holdings....More>>>

4 Crypto Stocks to Buy as Bitcoin Adoption Increases

The total number of cryptocurrency users globally were 106 million as of January 2021. The surge in number of global users has been unprecedented in the last few months. Thus, this rise has cause a number of crypto stocks to be a hot commodities for investors.

In June 2021, the crypto users globally more than doubled to 221 million. Clearly, adoption of Bitcoin (CCC:BTC-USD) has been growing at a stellar pace with big participation coming from institutional investors.

From a price action perspective, the worst seems to be over for Bitcoin. The cryptocurrency has been trading higher....More>>>

Wait for a Dip Before Buying Support.com Stock

Among the “meme stocks,” there have been many potential short-squeeze plays that never quite panned out. Support.com (NASDAQ:SPRT) stock, however,  did actually get squeezed much higher.

In August, the company’s shares  surged from $8 to as much as $59.69 per share. Since then, however, SPRT stock has slid lower. But it is still well above the range in which had traded before its explosive rally.

Source: Mark Agnor / Shutterstock.com

Support.com’s shares have been very profitable for those who bought the stock after the company ....More>>>