In the rapidly evolving world of cryptocurrencies and decentralized finance, blockchain stocks offer investors a gateway to the digital asset revolution. As blockchain technology disrupts industries from finance to supply chains, there is increased interest in publicly traded companies related to this space. On December 20several remarkable blockchain stocks topping the trading volume charts, signaling strong market momentum.
This article looks at seven promising blockchain stocks worth researching: Core Scientific (CORZ), Figure Technology Solutions (FIGR), Globant (GLOB), Bitdeer Technologies Group (BTDR), Digihost Technology (DGXX), BTCS (BTCS), and Nukkleus (NUKK). These companies span mining, infrastructure, software and fintech solutions, each positioned to capitalize on blockchain adoption. We’ll explore their business models, recent performance drivers, and why they’re creating buzz among investors looking for best blockchain stocks.
What are Blockchain Stocks and Why Invest Now?
Blockchain Stocks refer to stocks of companies deeply involved in blockchain technology or crypto ecosystems. This includes miners securing networks, infrastructure providers building data centers, software developers building decentralized applications, and fintech companies integrating blockchain for payments or commerce.
The call? Blockchain is no longer just Bitcoin. With Ethereum upgrades, Layer 2 scaling, and real-world applications in DeFi, NFT, and tokenization, these stocks often correlate with crypto prices but provide diversified exposure. Recent Bitcoin ETF rallies and institutional adoption have boosted trading volumes, making December 20 a pivotal moment for crypto stocks.
- High trading volume: These picks dominated in terms of dollar volume, indicating liquidity and investor fervor.
- Growth catalysts: Rising hash rates, AI-blockchain synergies and regulatory clarity.
- Risks: Volatility related to crypto markets, energy costs for miners and competition.
1. Core Scientific (CORZ): mining powerhouse
Core Scientific dominates digital asset mining in North America with its mining and hosting segments. The company mines Bitcoin for its own account while hosting equipment for others, offering end-to-end services such as deployment, optimization and maintenance.
Why promising? Expanded data centers position it for the post-halving era, where efficiency wins. Recent high-volume trading reflects optimism around its pivot into high-performance computing (HPC) for AI, diversifying beyond pure cryptocurrency mining. Investors view CORZ as a high Bitcoin mining action for 2024.
2. Figure Technology Solutions (FIGR): Blockchain for capital markets
Figure is revolutionizing lending, trading and investing with proprietary blockchain technology. Its ledger-based platform improves the speed, liquidity and standardization of consumer credit and digital assets.
Remarkable insight: In a world transitioning to tokenized assets, Figure’s focus on tokenizing real-world assets (RWA) could explode. High recent volumes suggest traders are betting on its role in next-generation financial infrastructure, making FIGR a hidden gem in blockchain fintech stocks.
3. Globant (GLOB): technical services with Blockchain Edge
Globant provides global technology services including blockchain, AI, cloud, cybersecurity and metaverse solutions. It partners with giants like AWS, Google Cloud, and Salesforce to build enterprise blockchain applications.
Investment Angle: As a diversified computing powerhouse, GLOB benefits from blockchain without crypto volatility. Its Agile and Cultural Hacking services appeal to companies adopting Web3, generating constant growth. Volume spikes highlight its long-term appeal blockchain technology stocks.
4. Bitdeer Technologies Group (BTDR): Cloud Hash Rate Leader
Bitdeer offers hash rate sharing through Cloud Hash Rate and marketplaces, as well as full mining hosting. It mines crypto independently, with a focus on efficiency.
Highlight: User-friendly solutions reduce barriers for retail miners. Amid rising energy costs, BTDR’s tech stack shines. Increased volumes position it as a favorite in the field cryptocurrency mining infrastructure race.
5. Digihost Technology (DGXX): US-Focused Miner
Digihost specializes in mining cryptocurrencies, primarily Bitcoin, with operations anchored in the United States but headquartered in Canada.
Why watch? Strategic expansion in the United States amid favorable energy deals and regulatory changes. Although smaller, its purely mining focus attracts volume traders looking for high beta. blockchain mining stocks.
6. BTCS (BTCS): Innovator in Staking and Infrastructure
BTCS secures blockchain networks through validator nodes and offers StakeSeeker (staking dashboard) and Builder+ (Ethereum block builder). It leverages proof-of-stake (PoS) rewards.
Looking to the future: With Ethereum’s dominance in DeFi, BTCS tools are maximizing returns. Recent buzz highlights its shift from pure assets to active infrastructures, ideal for stake crypto stocks.
7. Nukkleus (NUKK): fintech meets blockchain
Nukkleus offers blockchain solutions for currency trading, risk management, cross-border payments and institutional services.
Growth Potential: Targeting retail FX and institutional crypto, it bridges TradFi and DeFi. Volume leadership signals breakout potential in blockchain payment actions.
Market Trends Fuel These Blockchain Stocks
Beyond individual headlines, broader trends amplify these headlines:
- Crypto rally: Bitcoin’s rise beyond $60,000 boosts miners.
- AI Synergy: Mining data centers also act as AI hubs.
- Institutional entries: ETFs and custodial services are driving adoption.
- Regulatory tailwinds: In the United States, clarity favors compliant businesses.
However, watch for headwinds such as halving, geopolitics and competition from private companies.
Final Thoughts: Look Them Up Today
THE Promising blockchain stocks to look for on December 20 – CORZ, FIGR, GLOB, BTDR, DGXX, BTCS and NUKK – offer various entry points into the future of blockchain. High volumes confirm market validation, but due diligence is essential. Track earnings, cryptocurrency prices, and technology updates to time your moves.
Whether you’re a crypto veteran or a stock picker considering Web3, these names deserve a spot on your watchlist. Stay ahead of the blockchain boom!
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity’s role is to inform the cryptocurrency and blockchain community about what’s happening in this space. Please do your conduct due diligence before making any investment. Blockmanity will not be responsible for any loss of funds.
