Back in Q3 and Q4 of 2017, blockchain technology stocks were the hot topic, and some blockchain penny stocks were shooting up nearly 100% in a day. Since the fall of the cryptocurrency market back in January of 2018, most blockchain stocks have fallen right along with it.
Some analysts believe that blockchain is here to stay but cryptocurrency, the digital tokens held on the blockchain, will be the thing that fades away. Still, many public companies in mid-2017 shifted their focus to blockchain and cryptocurrency, and there’s no turning back now.
Let’s take a look at two blockchain penny stocks that are down on the market today.
BTL Group Ltd (TSXV:BTL)
Based out of Calgary, Alberta in Canada, BTL Group Ltd. provides enterprise technology platforms for businesses across various industries. Just last week, it was announced that the Director of BTL Group sold 12,500 shares of BTL in a span of six weeks, but today, it was confirmed that it was only in fact 7,500 shares.
According to Yahoo Finance, BTL Group Ltd’s shares are currently trading at $2.46, down -$0.26 (-9.62%). In the past five days, the company’s shares are down -23.83%, and for the month, BTL’s stock shares are down -27.85%.
360 Blockchain Inc (CSE:CODE)
360 Blockchain is based out of Vancouver, British Columbia, Canada. The company invests in blockchain-based technology and is involved in the development and application of private and public blockchain technologies. The company has not had new news for a few weeks and is seeing considerable losses on the market today.
>> Gold Penny Stocks are Dropping—Well, This One Is
According to Yahoo Finance, CODE is trading at $0.055 a share, down -$0.005 (-8.33%). In the last five days, 360 Blockchain’s stock has remained the same, but in the last month, the stock has dropped just over -21%.
Will these blockchain penny stocks recover? We shall see.
Featured Image: Twitter
