One of the most wildly uncertain macro environments has resulted in the entire stock market tumbling to start the beginning of the year. And it has resulted in a stuttered start to the year for most assets.
And that includes Bitcoin and other cryptocurrencies.
Last year, Elon Musk and China's ban on mining caused Bitcoin and the entire cryptocurrency market to experience a massive sell-off.
And the beginning of this year has been no different than it ended. Publicly traded crypto stocks fell along with the rest of the market.
Now, I am not certain when these stocks will recover. We might be about to experience another month or two of winter before we have any sort of recovery due to the macro environment surrounding us.
But right now is an excellent moment to get some bargain blockchain stocks.
As a result, we'll be unveiling three of our favorite picks.
Marathon Digital Holdings (MARA) is a digital asset technology business that mines cryptocurrencies with a focus on the blockchain ecosystem and digital asset development.
MARA stock has been volatile as the price of Bitcoin has fluctuated significantly.
But the fundamentals and technical analysis show that buying MARA stock now is a good idea.
Let’s start with the fundamentals…
MARA Stock Fundamental Analysis
In the third quarter of 2021, Marathon Digital came out with earnings of 85 cents per share. This compared to a $0.06 loss per share the year before and beating the Zacks Consensus Estimate of $0.48 per share by a wide margin.
Marathon's net income was $85.4 million.
Sales were $51.7 million, up about 6,192% from the same 3-month period last year.
As of Q3 2021, the company reported having $32.9 million in cash and cash equivalents.
Their total assets were $555 million, including the value of their 7,035 Bitcoins.
Analysts estimate the company turned a profit in Q4 of 2021, with an average earnings estimate of 34 cents. They will report earnings on March 15th, 2022, so be on the lookout for that report.
MARA Stock Technical Analysis
Because stock values are so tightly linked to Bitcoin prices, they've been on a wild ride.
MARA shares were trading at $10 at the start of 2021. The stock rose to a high of $57.75 as Bitcoin rose in value.
Today the company trades around $22. This is a steep discount for a company with tons of infrastructure and a top line soaring thousands of percentage points in each of the last two years.
Voyager Digital Ltd.
Voyager Digital Ltd. (VYGVF) is a licensed crypto-asset platform that allows users to trade digital crypto assets.
While most investors first think of Coinbase (COIN) because it recently went public, I think more should be paying attention to Voyager.
You see, Voyager allows limit order trading for zero commissions.
And they give their customers interest on most of the 50+ cryptocurrencies they hold at the exchange itself.
For example, you can earn 6.25% APY on your Bitcoin held at Voyager right now.
Like Mara Digital Holdings, the rise in VYGVF shares is mostly due to investor confidence in the Bitcoin ecosystem.
It was as high as $30.20 back in April, making now a great time to buy VYGVF on the dip.
These Tiny “Penny Coins” Are Crushing Bitcoin
Money Map Press
Most people have never head of these tiny coins. In fact, they sell for a piddly fraction… pennies on the dollar… compared to the five-digit price tag that just ONE Bitcoin costs. Yet they are quickly racking up some of the biggest gains we’ve ever seen anywhere – beating the gains in the stock market and gold market. Heck, they’re even crushing gains made by Bitcoin – by 75X, 211X, even 5,567X more in the same six-month time frame. It’s a revolution in the making. Go here to see these coins.
Riot Blockchain, Inc. is a Bitcoin mining startup (worth about $2.1 billion) based in the United States that is rapidly increasing industrial scale mining to support the Bitcoin blockchain.
The company is constantly working to grow its operations by boosting the hash rate of bitcoin mining while lowering production expenses.
Riot believes that future bitcoin mining operations in the United States will help the industry, and it aspires to be a part of that future.
Riot Blockchain Inc. (RIOT) stock has come down quite a bit in price with the rest of the market over the course of the last year.
That's compared to just 40% for the S&P 500. And the average rating from Wall Street analysts is a “Strong Buy.”
I agreed with that consensus rating, and expect Riot to easily continue outperforming the S&P 500 (along with Bitcoin) throughout 2021… but I was wrong.
However, I think the current price of Riot makes it an even juicier buy today. The company has a growing balance sheet, with Gross Profit up to $39 million in Q3 up from $21 million in Q2 of 2021.
Take advantage of the recent crypto volatility and “buy the dip” on RIOT stock.
Bitcoin Correction Creates 3 Huge Opportunities
Weiss Ratings
If you're like me, you think Bitcoin's recent correction is actually GREAT news.
No bull market ever goes up in a straight line, and this dip is yet another new opportunity to participate in one of the greatest crypto bull markets of all time.
But as excited as I am about Bitcoin in the weeks and months ahead …
Our research tells us that the opportunity in Bitcoin pales in comparison to the three crypto opportunities we're looking at right now.
In our urgent crypto briefing, I walk you through the best way I know to take advantage of each, starting right away.
What's more, we cover a short list of new cryptos that we believe have the best potential to be the NEXT Bitcoins, collectively creating greater wealth for investors than Bitcoin ever has, or probably ever will.
To put that in perspective, if you had bought $100 worth of Bitcoin when it was still unknown and undiscovered — much like the three cryptos we cover here — that $100 would be worth more than $55 MILLION today.
So, wouldn't you agree that sitting down with a cup of coffee and spending 40 minutes learning about what could be the NEXT Bitcoins is a worthwhile investment of your time?
If so, please take some time to watch this short video.
