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The price of Bitcoin is up 17.8% over the last 30 days. After a disastrous start to the year, the cryptocurrency market is rebounding. While the currencies themselves are one way to play this bullish market, there are also several securities in the industry that are in good position for investors.
-Investors could start by taking a close look at Everdime Technologies, Inc.
. RGST is a new entrant to the market after completing its name change. RGST is a diversified cryptocurrency company, currently focused on using tokens and NFTs to monetize social networks for operators and participants. boasts a Blockchain-as-a-Service (Baas) technology, and a suite of apps that include
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-MOBILE CRYPTO WALLET: Secure crypto wallet within a mobile device to transfer and receive tokens
-GAMING CRYPTO APP: Crypto investing and simulation game with 1,800+ real tokens to choose from; users can search for and view NFTs
-NFT APP: Enables NFT creation using a mobile device; users can search for and buy NFTs using a mobile device
The company aims to help users navigate the world of social media and NFTs. More information can be found in a recent research report:
https://www.dropbox.com/s/v7645tumw7a6abw/Everdime%20Corporate%20Report%20March%202022.pdf?dl=0
Companies entering the crypto space have received a nice bump from new investors recently, start research on RGST.
Another crypto company focusing on providing services to digital currency users, NextPlay Technologies
announced that it was selected by the Decentralised Investment Group to offer fiat payment and banking services for its NFT game, Realms of Ethernity. DIG is a global blockchain tech company and will use NextPlay’s NextBank International to offer its customers access to a fintech platform. In-game assets from Realms of Ethernity, for example, could be purchased and monetized by customers.
One of the leading innovators in the DeFi space, Coinbase
reported fourth-quarter results that soundly beat expectations. “Recent market performance has been driven by macroeconomic factors such as tightening financial conditions (particularly after the U.S. Federal Reserve raised the possibility of quantitative tightening in 2022) and geopolitical instability in parts of the world,” Coinbase said.
Another DeFi play Silvergate Capital
is the holding company for Silvergate Bank, which provides financial services for digital currencies that try to keep up with the 24/7 pace of cryptocurrency trading. SI plans to launch a so-called stablecoin this year.
“Through conversations with our customers, we identified a need for a U.S. dollar-backed stablecoin that is regulated and highly scalable to further enable them to move money without barriers,” it said in a recent release.
In January, the company reported fourth-quarter earnings per share and revenue that missed expectations. Digital-currency customers increased 6% from the prior quarter to 1,381.one of the leading miners in the space announced its March production numbers. Highlights include:-363 new BTC mined during March 2022, up 64% from March 2021. -11.7 BTC mined daily on average in March, equivalent to about US$538,000 per day and approximately US$16.7 million for the month based on a BTC price of US$46,000 on March 31, 2022. -360 BTC from mining deposited into custody in March. -5,243 BTC in custody at March 31, 2022, representing a total value of approximately US$244 million based on a BTC price of US$46,000.There are many ways to play the booming crypto market. Speculative high upside opportunities such as RGST and NXTP are great for speculative investors. COIN and SI are great DeFi options, and BITF may be one of the most consistently profitable miners. Make sure to start your research today.Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no […]
source Take Advantage Of The Crypto Wave (RGST, NXTP, COIN, SI, BITF)
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