Finance

3 Cryptocurrency Stocks Wall Street Predicts Will Rally by More Than 90% By StockNews

© Reuters. 3 Cryptocurrency Stocks Wall Street Predicts Will Rally by More Than 90%

The current cryptocurrency frenzy has been driving the major decentralized currencies to all-time highs. The trend is expected to continue given rising inflation concerns and volatile currency exchange rates. Thus, crypto stocks Marathon Digital Holdings (MARA), Riot Blockchain (NASDAQ:), and Silvergate Capital (NYSE:) are expected to deliver solid upside in the coming months. In fact, Wall Street analysts expect them to gain more than 90%. Read on.The cryptocurrency frenzy is building each day as investors shift to decentralized currencies amid rising inflation fears and U.S. dollar volatility. Approximately 46 million people, or 17% of the adult population in the United States, own at least some .

The U.S. is rapidly embracing the blockchain currency ecosystem. Fintech companies FIS Ventures and New York Digital Investment Group (NYDIG) recently partnered to enable U.S. commercial banks to offer crypto transactions to their customers through personal accounts. Also, major companies are actively enabling crypto-based transactions for the purchase and sale of goods and services.

Considering these developments, increasing numbers of investors are betting on cryptocurrencies. Furthermore, with the Federal Reserve lagging other central banks in developing digital dollars, the crypto frenzy in the United States is likely to continue in the near term. Thus, Wall Street analysts expect crypto players Marathon Digital Holdings, Inc. (MARA), Riot Blockchain, Inc. (RIOT) and Silvergate Capital Corporation (SI) to garner significant gains in the coming months.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button