2 Blockchain Stocks Starting July Off in the Green Zone

blockchain stocks

Blockchain Stocks: There are a few industries that seem to be starting off the month in the best way possible. Take the crypto industry, for instance. Within a 48 hour period, the crypto market added roughly $40B.

Occurring simultaneously, a number of crypto and blockchain stocks have found themselves in the green on the stock market today. These stocks include the following: Block X Capital and Global Blockchain Technologies.

Blockchain Stocks: Who’s Kicking July Off in the Green?

On July 3, two blockchain stocks, in particular, started trading above, or close to, the 10% mark.

  1. Block X Capital Corp (CNSX:BXXX)

According to Google Finance, at 10:02 a.m. EDT, Block X Capital Corp. was trading at $0.12. This means the stock was up 25.00% at the time.

Now, this may come as a surprise to a few people. Why? Well, let’s just say the company hasn’t exactly been doing too hot on the market lately.

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The investment company, one that is heavily involved in blockchain, has found itself hitting new 52-week lows almost every week since the middle of May. This started on May 15, and the last time Block X Capital hit a new 52-week low was on June 8.

So, is there a reason this pattern has stopped, and Block X Capital has entered July with an almost 30% jump? Is the stock turning a new leaf?

Right now, the answer is unclear. But it’s likely a breath of fresh air for the company and its investors.

  1. Global Blockchain Technologies (CNSX:BLOC)

Coming in second is Global Blockchain Technologies, with a nearly 8% increase.

According to Google Finance, at 3:09 p.m. EDT, Global Blockchain was trading at $0.28. This means the stock was up 7.69% at the time.

On Tuesday, Global Blockchain released a note to its investors. To simplify, the Vancouver-based company announced that it understands many are worried about its recent drop in share price, and that they needed to clarify a few issues.

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Global Blockchain Technologies also provided a long-term outlook. And, despite the prior worries, investors appeared to be pleased with what the Canadian company had to say, considering the blockchain stock is up nearly 10%.

Blockchain Stocks: The Takeaway

Do you have a suspicion as to why blockchain stocks did reasonably well today? Is it because of the crypto market success?

Featured Image: Depositphotos/© chrissi