A few blockchain penny stocks are starting the week in the red, but why? The cryptocurrency market is currently trading in the red and this may very well be the reason.
When crypto is down and investors aren’t confident in cryptocurrencies, most of the time, blockchain stocks fall too.
Let’s take a look at three blockchain penny stocks and their latest company movements.
Blockchain Penny Stocks: August 20th, 2018
BTL Group Ltd (TSXV:BTL)
Based out of Calgary, Alberta in Canada, BTL Group provides an enterprise technology platform geared towards businesses; its platform can be used for businesses across various industries. BTL holds a platform that easily lets developers integrate blockchain technology into already functioning enterprise platforms.
Last week, BTL Group stocks shot up as Ghr Investments Ltd. sold 5,000 shares of the business’ stock.
According to Yahoo Finance, BTL is currently trading at $3.76 a share, down -$0.29 (-7.16%).
360 Blockchain Inc. (CSE:CODE)
360 Blockchain is based out of Vancouver, Canada and invests in blockchain-based technology. The company was formerly 360 Capital Financial Services Group Inc. but shifted its company back in September 2017.
The most recent news on the blockchain company is three weeks ago when 360 confirmed it added two website acquisitions to its portfolio, bringing the company immediate revenue.
According to Yahoo Finance, CODE is currently trading at $0.055 a share, down -8.33%.
Global Blockchain Technologies Corp. (CSE:BLOC)
Global Blockchain Technologies Corp. is also based out of Vancouver, Canada. The company is an investment company that gives investors access to a mixture of digital assets. Global Blockchain also has its own in-house blockchain incubator where it provides investors resources to further advance blockchain technology.
Last week, the company announced it secured a license in Dubai, giving the company access to over 15,000 multi-national corporations.
Still, the company stock has been bearish and dropping. According to Yahoo Finance, BLOC is currently trading at $0.18 a share, down -$0.01 (-7.69%).
Featured Image: twitter
