This morning the cryptocurrency market is absolutely booming! Due to this, a few blockchain stocks have sprouted up and are trading green. The cryptocurrency market and blockchain stocks took a huge hit in 2018. Investors began panic selling digital currencies in January, and the market dropped $500 billion in 30 days. At the same time, blockchain stocks tumbled alongside the crypto market.
Today, we will take a look at two blockchain stocks that are trading green!
HIVE Blockchain Technologies Ltc. (TSXV:HIVE)
HIVE Blockchain is a cryptocurrency mining firm that operates out of Vancouver, British Columbia. Because the company’s value comes from its extensive cryptocurrency mining operation, it makes sense that the stock would trend higher as altcoins rise. HIVE mines Ethereum (ETH), Ethereum Classic (ETC), and ZCash (ZEC)—all of which are seeing green today. HIVE, at one point in time, was one of the hottest blockchain stocks trending on the TSXV.
The blockchain company hasn’t released any new news in nearly three weeks. At that time, HIVE announced it would increase its ASIC mining capacity.
Frank Holmes, interim Executive Chairman at HIVE, said at the time:
“Despite the volatility in cryptocurrency prices experienced throughout 2018, we believe that these low-cost increases in our mining capacity have better positioned HIVE within the current landscape and we now stand to benefit tremendously from potential improvements in the cryptocurrency markets, specifically Bitcoin and Ethereum.”
According to Yahoo Finance, HIVE is currently trading at $0.315 a share, up +$0.03 (+12.50%).
BIG Blockchain Intelligence Group Inc. (CSE:BIGG)
BIG Blockchain Intelligence is another blockchain stock trending upward today. This blockchain company is also headquartered in Vancouver, BC. BIG develops blockchain search and analytical solutions. The latest news released by the company was just over two weeks ago.
At that time, it announced it had launched the first fee-based, eight-hour cryptocurrency investigation certification course.
“This course isn’t a simple introduction to bitcoin,” said BIG CEO Lance Morginn. “This is a certified training solution for law enforcement investigators and compliance professionals that need a solid, in-depth understanding of how to trace, track and monitor cryptocurrency transactions and/or crypto crimes. The Cryptocurrency Investigator Certification Course draws on years of experience from our in-house investigators and Certified Bitcoin Professionals.”
At press time, the blockchain stock is trading at $0.095 a share, up +$0.02 (+26.67%).
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