The Top Crypto Stocks to Watch During Holi 2024 🚀
The Festival of Colour celebrations are upcoming and crypto prices are taking shape with several analysts pointing at more positive runs in crypto stocks before the end of the year. In a season where the stocks of companies exposed to digital assets tend to rise due to the soaring prices of cryptocurrencies, here are some of the top crypto stocks during Holi 2024.
Marathon Digital 💪
Marathon Digital (MARA) joins the list of crypto stocks to watch out for this season because of the recent inflow to the Bitcoin (BTC) market. As a cryptocurrency mining company, many view the share price to rise based on two notable developments:
- The inflow into the market as a result of spot Bitcoin ETF approval has pushed investors to crypto miners as they wipe out losses recorded in the 2022 bear market.
- The upcoming halving event seen as a bullish phase endears investors to the stock hoping for a rise in Bitcoin price.
MARA trades at $20.87, 4% down in 24 hours.
MicroStrategy 📊
MicroStrategy (MSTR), an enterprise analytics software, is often an investor favorite during a bull market. Michael Saylor, the company’s Chairman, is a popular Bitcoin bull that projects more inflows to the market leader.
The company is known for acquiring large amounts of Bitcoin, increasing its exposure to the asset. At press time, MicroStrategy holds 214,466 tokens valued at approximately $14 billion. MSTR exchanges hands at 1,523, down 4.7% from the previous day.
Coinbase 💱
Coinbase (COIN), the largest digital asset exchange by trading volume in the United States, has increased in value in a bull window since its debut on NASDAQ in 2021. With increased on-chain activity since Q4 2023 and the price of Bitcoin soaring to an all-time high, COIN remains a crypto stock to closely monitor.
COIN is $255, 2% down in the last 24 hours.
Core Scientific 🌐
Core Scientific (CORZ) is a crypto asset mining firm trading on NASDAQ with the potential of going to the green zone in events of an upswing in BTC prices. The upcoming halving has seen crypto miners improve their capacity to prepare for a slash in rewards and a bullish phase. The company recently acquired a 16MV data center for its expansion plans.
CORZ trades at $3.39, down 2% in the past 24 hours.
Nvidia 🎮
Nvidia Corp (NVDA), a company that provides graphic cards for cryptocurrency miners, joins the list of crypto stocks to watch out for in Holi 2024. The asset’s price has increased in recent weeks as miners increase their capacity ahead of the upcoming halving. The gaming industry also aids the performance of the company on the stock market.
The asset is up 3.1% in the past 24 hours trading at $942.
Hot Take: Crypto Stocks Shine During Holi 🎉
Holi 2024 presents an exciting opportunity for investors to keep an eye on crypto stocks. With the Festival of Colour celebrations just around the corner, analysts predict more positive runs for these stocks before the year ends.
From Marathon Digital to Nvidia, here are the top crypto stocks to watch during Holi:
- Marathon Digital (MARA): Recent inflow to the Bitcoin market and the upcoming halving event make this mining company an attractive investment.
- MicroStrategy (MSTR): Known for its large Bitcoin holdings, this enterprise analytics software is favored by investors during a bull market.
- Coinbase (COIN): The largest digital asset exchange in the US has seen increased on-chain activity and benefits from the soaring price of Bitcoin.
- Core Scientific (CORZ): This crypto asset mining firm is preparing for the upcoming halving and recently expanded its operations with a new data center acquisition.
- Nvidia Corp (NVDA): Providing graphic cards for cryptocurrency miners, Nvidia’s stock has been on the rise as miners increase their capacity and the gaming industry thrives.
These stocks offer potential opportunities for investors looking to capitalize on the growing crypto market. Keep a close watch on their performance during Holi 2024!
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