Around half a decade ago, the cryptocurrency industry was more of a novelty and remained a part of the financial system that did not really create much interest. However, things have changed dramatically in the past few years due to the scintillating rise in the price of Bitcoin and other major cryptocurrencies.
Cryptocurrency mining is currently a massively lucrative business and there are many listed companies that are involved in it. This article looks into some of the cryptocurrency stocks and cryptocurrency mining stocks that investors could consider looking into for this month.
BlockQuarry (OTCMKTS:BLQC): The first crypto-related stock that you could put into your list for March 2022 is that of BlockQuarry Corp. The company is involved in the cryptocurrency hosting and mining space and manages its operations from a leased facility that is located in the town of Gaffney in South Carolina. In this context, it is perhaps also pertinent to add that the company is also involved in providing healthcare management solutions.
In this regard, investors need to remember that the company was previously known as ISW Holdings Inc and it was in August last year that the name change had been completed. However, yesterday, the company got another boost after the ticker symbol of its stock on the OTC Markets Pink market tier was finally changed to BLQC from ISWH. It proved to be a significant boost for the stock since it completed the formal name change process and the BlockQuarry stocks ended the day with handsome gains. It remains to be seen if the stock can emerge as a major gainer this month.
Net Savings Link Inc (OTCMKTS:NSAV): The next one to look into from among cryptocurrency stocks is that of New Savings Link Inc. It is a well-established cryptocurrency, digital asset, and blockchain technology company. There has been no news with regards to Net Savings Link in recent days but back on February 25 the company had actually made a major announcement and that is something that investors need to look into at this point.
The company announced that it had gone into a partnership with the company Metaverse Network LLC and had successfully launched an NFT for Jinbao, which belongs to the popular Jackie Chan film titled ‘The Little Big Soldier”. The NFT space has grown at a remarkable pace over the course of the past year or so and hence, the company’s decision to get into a potentially popular category of NFTS could be an interesting move to track.
Marketing Worldwide Corporation (OTCMKTS:MWWC): Another cryptocurrency stock that has managed to gather a fair bit of traction this week is that of Marketing Worldwide Corporation and for good reason too. In order to understand that, it may be a good idea for investors to take a look at development from March 1.
On that day, the company announced that it had gone into a partnership with the company Doxed LLC, which is credited for having developed the $DOX token. Doxed has already launched the token successfully and by way of this partnership, Marketing Worldwide Corporation is going to take up a major stake in the liquidity pool of the token. In this situation, it is perhaps also necessary to point out that the liquidity pool is going to be restricted for as long as six months. The addition of another token is an important development for Marketing Worldwide Corporation.
Vortex Brands (OTCMKTS:VTXB): Last but certainly not the least by any stretch of imagination it is the cryptocurrency mining company Vortex Brands that could be added to the watch lists by investors.
The company has been trying to grow its capacity in recent times and in February this year, it made a major announcement. On February 16, the company announced that it had managed to successfully acquire as many as 5 new S19j Pro (100th) units that are going to be deployed for its Bitcoin mining operations. At the time, the company had announced that the new units were going to go online towards the end of February. Considering the rising capacity of Vortex Brands, it may be a good time to keep an eye on the stock.
