3 Blockchain Stocks To Have On Your Radar
The cryptocurrency market may be growing at a faster rate than any other sector to date. In 2017, the global cryptocurrency market was valued at $541 Million and is forecast to reach $2.9 billion by 2023, a CAGR of 32.31%, according to a Research and Markets report. Numerous reports have also come out (video below) that suggest now is the time to start looking at bitcoin, blockchain, and cryptocurrency related assets as well.
Investors around the globe are continuously searching for ways to make the most from the sector and they are turning to blockchain technology. The technology is responsible for mining these cryptocurrencies, which is a fundamental process for the generation, transmission, as well as validation of transactions.
Although these cryptocurrencies’ market caps continue to soar, blockchain technology is the real MVP. The companies that possess blockchain technology not only can mine these cryptocurrencies, but they also have the power to transform just about any industry.
“Ten percent of my net worth is in this space” - Mike Novogratz, hedge fund manager, Galaxy Digital Assets.
Here are a few blockchain stocks to have on your radar.
Block One Capital (BKPPF) (BLOK.V)
Market Cap: $31.48M
Block One Capital an investment company focused on high growth opportunities in the blockchain and digital currency mining sector. BKPPF recently announced the sale of 90% of its position of its US-based mining operation, TG12 ventures, to HashChain Technology (HSSHF) in exchange for 8.9 million shares of HashChain, which mines BTC, BCH, ETH, LTC and DASH.
BKPPF’s latest investment was $750,000 into the Shopin ICO that came with a 66% bonus. The company’s other investments include Finzat, which is creating a mortgage collateral management system to renovate the U.S. mortgage industry, and Cuipo, which through a patented virtual grid & tokenization method is creating technology to protect endangered land in both Central and South America.
CEO Sothi Thillairajah, held the company’s first corporate conference call to update its investors on 5/10/18, here is the transcript:
http://valueinvestor.com/2018/05/11/block-one-capital-bkppf-blok-v-conference-call/
Current Share Price: $0.498
Hive Blockchain Technologies LTD (HIVE) TSX
Market Cap: C$394.56M
HIVE Blockchain is one of the first publicly listed blockchain companies that bridges blockchain and cryptocurrencies to traditional capital markets as Genesis Mining, the world’s leading hashing provider, and Fiore Group, a Canadian merchant bank, came together to launch HIVE less than a year ago.
HIVE’s current projects include Iceland Cryptocurrency Mining Project and its Ethereum mining facility located in Sweden, both locations have cool climates with low energy costs. The company’s primary goal is to increase its mining capacity.
HIVE’s Sweden location has completed a 39% phase 3 increase amounting to an additional 6.8 MW of GPU-based mining capacity. The company intends to add another 20.0 MW of ASIC-based mining capacity in Iceland by September as well. These additions will leave HIVE with a total mining capacity of 44.2 MW.
Current Share Price: C$1.28
MGT Capital Investments (MGTI)
Market Cap: $84.36M
MGT Capital Investments, began operating in the cryptocurrency and blockchain sector in 2016 and recently has ended its other operations to become a pure play cryptocurrency miner. MGTI owns and operates a 5.0 PetaHash bitcoin mining machine that per month mines around 100 bitcoins, 7,000 Bitmain S9’s, and 50 GPU-based Ethereum miners.
Each week MGTI keeps 10 percent of the bitcoin that was mined and sells the other 90 percent for revenue. With the current price of BTC, this equates to between $1M to 2M a month in revenue from its mining operations located in northern Sweden and the state of Washington.
Current Share Price: $1.23
The 15 largest cryptocurrencies by market cap:
Bitcoin (BTC) $9,957.7 $155.43B
Ethereum (ETH) $838.26 $73.44B
Ripple (XRP) $0.91 $30.66B
Bitcoin Cash (BCH) $1843.84 $27.01B
EOS (EOS) $18.82 $15.19B
Litecoin (LTC) $183.88 $8.65B
Cardano (ADA) $0.37 $8.07B
Stellar (XLM) $0.43 $6.81B
IOTA (IOTA) $2.61 $6.12B
Tron (TRX) $0.08 $5.19B
NEO (NEO) $88.42 $4.73B
Monero (XMR) $243.09 $3.56B
Dash (DASH) $525.47 $3.56B
NEM (XEM) $0.28 $3.28B
Tether (USDT) $1.00 $2.10B
*as of 5/10/18
Focus for Investors
While many cryptocurrenies have been in the headlines as of late, investors should move their focus to the technology behind them. The companies that the power to mine these valuable digital currencies and the technology to transform every day business matters may be invaluable.
If conglomerates like Google (GOOG) and Goldman Sachs (GS) heavily invest into blockchain technology and George Soros backs investing in the sector, that really says something.
All three of these companies are relatively new or new to the space, which presents an opportunity for early investment. All three companies stock prices are also under $1.50, and with the industry forecast to explode within the next few years, it leaves significant room to profit.
Disclaimer: JSG Communications expects to be compensated up to $500,000.00 by Block One Capital Inc. for a period beginning March 3, 2018 and ending September 5, 2018, to publicly disseminate information about (BKPPF) / (BLOK.V). We may buy or sell additional shares of (BKPPF) / (BLOK.V) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. They own zero shares.Please Read Their Full Disclaimer Here.
