After hitting $35k the bitcoin rally seems to be under way. For speculative investors there are several crypto plays that will benefit from bitcoins next bull run. Here are a few to look at today.
Bitcoin miners are a “compelling investment alternative” compared with other forms of direct and indirect exposure to the largest cryptocurrency, according to investment bank Cowen. The publicly traded miners are poised to increase their market share of the Bitcoin network’s hashrate to about 36% by the end of the year from 13% currently, Cowen’s analyst Stephen Glagola said.
The Graystone Company (OTCMKTS:GYST) maybe be the best way to play the bitcoin rally. Bitcoin mining companies are valued by their hashrate.
The higher your hashrate, the more bitcoin you can mine, the higher your value. GYST started mining in Sept. ’21. It’s hashrate has already increased 500%. At this pace it will reach its 1 million TH/s goal a year ahead of schedule.
Public bitcoin miners with that hashrate have marketcaps of $300 million-$1 billion. GYST is sitting above $3 million, this could change as its growth continues and more crypto investors learn about this high potential play.
One World Universe (OTCMKTS:OWUV) stock has been witnessing consistent sell-off following a big jump last year. The stock has corrected 48% so far this year. However, the stock has already jumped 300% in the past year. Last week, the company announced that CEO Jerry Craig and Nate Boyer have agreed in principle to work together on additional future projects.
KYN Capital Group Inc (OTCMKTS:KYNC) stock is quite popular amongst traders as its a sub-penny stock. The stock has been witnessing selling pressure at a higher level and has fallen 45% in the past month. This morning, the company said that it is moving ahead towards the release of additional tools to enhance the Koinfold™ suite of products. Additionally, the company is in the final stages of the release of the Koinfold™ Debit Card.
Tautachrome Inc (OTCMKTS:TTCM) is another active stock in the Bitcoin mining sector. The stock ended flat in the previous session at $0.0032 with more than 8.75 million shares, compared to its average volume of 8.23 million shares. The stock has lost 50% in the past 3-month. The company predicts the way its ARknet Platform will play in the approaching, inevitable Metaverse.
Auri Inc (OTCMKTS:AURI) stock has been showing high volatility on unusual volume. The stock has eroded most of its recent gains due to a broader sell-off in the sector. The stock has lost 20% in the past 3-month. On Wednesday, the stock went up 3.13% to $0.0033 with more than 1.57 million shares, compared to its average volume of 15.74 million shares.
Asia Broadband (OTCMKTS:AABB) stock has pulled back sharply over the past month after a monster rally in 2021. The stock has lost 34% so far this year. Nevertheless, the stock is still up 4005 in the past year. The stock is trading above 1000% from its 52-week low and 80% away from its 52-week high. Earlier this month, the company had incorporated additional trading pairs in its proprietary cryptocurrency exchange within the AABB Wallet.
