The crypto market has cratered to multi-month lows, with top digital assets such as bitcoin and ethereum plunging from their all-time highs. Under such circumstances, can investing in blockchain stocks shield investors from the volatility seen in trading of digital assets?
Blockchain stocks refer to companies that derive their various businesses from the crypto ecosystem such as crypto trading, cryptocurrency mining, and crypto technology development.
Nvidia, Coinbase, Block, and AMD were among the top 25 stocks in terms of trading volumes in May, according to Vested Finance, a global investment platform.
Other major crypto stocks include Robinhood and MicroStrategy, which is the biggest corporate holder of bitcoin in the world.
Stocks of companies that enable crypto trading such as Coinbase and Robinhood have fared worse than crypto assets, while companies such as Nvidia and AMD that are involved in manufacturing chips and designing technologies used for crypto mining have fared...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...