The cryptocurrency sector has gone through one of its biggest slumps in recent weeks and most digital assets are in the red. That may have brought some sort of pressure on stocks of companies in the crypto sector as well, however, there are some crypto sector stocks that may in fact be worth looking into at this point.
These are stocks which may prove to be bell weather stocks for the sector in the coming days. Here is a look at three crypto stocks that you may add to your watch lists at this point in time.
Rogue Station Companies (OTCMKTS:RGST) – The first stock to look into is the blockchain development and crypto firm Rogue Station Companies Inc. This past Friday, the Rogue Station stock was one of the biggest movers in the market as it ended up with gains of as much as 71.09% and recorded strong trading volume as well. It ended up hitting $0.20 a share as a consequence.
That being said, there was no news that may have led to the rally in the stock. Earlier on in the month, the company had announced that it had struck a partnership agreement with SRAX in order to strengthen its communications with supporters, shareholders, and prospective investors.
Coinbase (NASDAQ:COIN) – At a time when the cryptocurrency sector is suffering from a massive selloff, the stock of the biggest cryptocurrency exchange Coinbase has naturally suffered and it seems that the pain might not be over any time soon. It is believed that the stock may come under fresh selling pressure in the coming days.
As a matter of fact, last week JP Morgan in fact cut its target price from $71 a share to $68 a share and changed the rating from overweight to neutral. It now remains to be seen if the stock can actually make a recovery or not.
BlockQuarry Corp (OTCMKTS:BLQC) has been seeing value buying at a lower level. The stock went up about 9% and hit $0.30 Bullish swing set-up formed which indicates a reversal and the beginning of an upward trend.
The company is involved in cryptocurrency self-mining and mine hosting operations. It works from out of a leased plant at Gaffney in South Carolina. In addition to that, the company is also known for having cryptocurrency mining equipment and infrastructure.
There has not been any news about the company for quite some time but back on April 25 this year the company announced its financial results and it proved to be a blockbuster as revenues shot up by 1643% year on year to hit $960,000. In addition to that, the net operating loss also went down to $3.4 million from $8.3 million.
Vortex Brands Co (OTCMKTS:VTXB) was one of the biggest percentage gainers and closed with a jump of 42.86% at $0.0030 with more than 220K shares traded hands.
The company is mainly involved with the cryptocurrency sector and specifically in the lucrative Bitcoin mining space. One of the more significant developments with regards to the company took place back on February 16 when it announced that it had managed to complete the acquisition of as many as 5 new S19j Pro (1OOth) for strengthening its Bitcoin mining activities.
Epazz Inc (OTCMKTS:EPAZ) – Among all the stocks on the list, it may be Epazz Inc which may actually be quite undervalued at this point and may present an opportunity for those looking for innovative crypto companies. The thing that is exciting about the company is its CryObo Technology which seeks to produce Bitcoin using sunlight and that is a project that the company is going to conduct in the United Arab Emirates.
Epazz will also issue tokens in order to raise cash for the project and allow token holders to share in the income generated from the mining activities.
