Blockchain technology companies are on the rise, as cryptocurrency and its technology had a monumental 2017. It seems just about every small-cap company is trying to get into the blockchain space. A few weeks back, I named the top 11 trending blockchain stocks to look out for. Here are the top two leaders of the previous group with a new addition, to help guide you to which blockchain companies’ you should add to your investment portfolio.
Riot Blockchain (NASDAQ:RIOT)
- Market Cap: $242.37 Million USD
- Current Share Price: $25.09 USD
Riot Blockchain was once primarily a Biotechnology company named Bioptix. In early October of 2017, the company made a big announcement to the public with its name change and stated that it would primarily focus on blockchain technology-related investments. Since that announcement in October, it’s stocks have risen over 300%. The company has investments in a cryptocurrency accounting firm named Verady, a Canadian cryptocurrency exchange called Coinsquare and a company focusing on blockchain technology to telecom payments, called TessPay. Just recently, the CEO and president of RIOT, John O’Rourke, disclosed to the U.S Securities and Exchange Commission that he sold over 30,000 shares of the company. Each share was at a weighted average of $28.61 a share and Mr. O’Rourke made a profit of at least $700,000. If that isn’t a clear sign as to how the stock is doing, I don’t know what is. It is definitely a blockchain stock to keep an eye on.
Riot shares are currently selling at $25.09 a share, up 3% for the day. Year-to-date, the company’s shares are up 280%.
Victory Square (OTC:VSQTF)
- Market Cap: $154.86 Million CAD
- Current Share Price: $2.48 CAD
Victory Square is based in Vancouver, BC and primarily functions as a blockchain startup incubator. The Canadian company looks for blockchain based companies that offer something entirely unique to the blockchain space. When found and accepted by its team, VS offers the company an entire workspace that also gives them access to collaborate on ideas with the other blockchain companies it works with. The company also offers the new startups full access to its marketing team and Victory Square’s approach to its investments is hands-on and takes a mentorship-like role offering advice from its most senior staff. Back in December, the company was chosen to become the latest member of the Blockchain Investors Consortium. At the end of December, the team added Pavel Bains as a strategic advisor to its company. It will be participating in the new advisor’s token sale, as he is the CEO of Bluzelle Platform Pte. Ltd, which is a decentralized database service where its users are able to rent out their unused computer storage and be compensated with a digital currency. VS will be purchasing a $500,000 allocation of Bluzelle tokens (BLZ) and receiving an additional 25% bonus tokens for being an early contributor. This stock has a lot of movement within the blockchain space and its hands-on mentorship puts it above the rest.
Currently, Victory Square shares are selling at $2.48, up 1% for the day. Year-to-date, however, the company’s stock is up 172.5%.
Featured Image: Gibraltar