The Festival of Colour celebrations are upcoming and crypto prices are taking shape with several analysts pointing at more positive runs in crypto stocks before the end of the year. In a bull market, the stocks of companies exposed to digital assets tend to rise due to the soaring prices of cryptocurrencies. Here are some of the top crypto stocks during Holi 2024.
Marathon Digital
Marathon Digital (MARA) joins the list of crypto stocks to watch out for this season because of the recent inflow to the Bitcoin (BTC) market. As a cryptocurrency mining company, many view the share price to rise based on two notable developments. First, the inflow into the market as a result of spot Bitcoin ETF approval has pushed investors to crypto miners as they wipe out losses recorded in the 2022 bear market.
Secondly, the upcoming halving event seen as a bullish phase endears investors to the stock hoping for a rise in Bitcoin price. MARA trades at $20.87, 4% down in 24 hours.
MicroStrategy
MicroStrategy (MSTR), an enterprise analytics software is often an investor favorite during a bull market. Michael Saylor, the company’s Chairman is a popular Bitcoin bull that projects more inflows to the market leader.
The company is known for acquiring large amounts of Bitcoin increasing its exposure to the asset. At press time, MicroStrategy holds 214,466 tokens valued at approximately $14 billion. MSTR exchanges hands at 1,523, down 4.7% from the previous day.
Coinbase
Coinbase (COIN), the largest digital asset exchange by trading volume in the United States, has increased in value in a bull window since its debut on NASDAQ in 2021. With increased on-chain activity since Q4 2023 and the price of Bitcoin soaring to an all-time high, COIN remains a crypto stock to closely monitor. COIN is $255, 2% down in the last 24 hours.
Core Scientific
Core Scientific (CORZ) is a crypto asset mining firm trading on NASDAQ with the potential of going to the green zone in events of an upswing in BTC prices. The upcoming halving has seen crypto miners improve their capacity to prepare for a slash in rewards and a bullish phase. The company recently acquired a 16MV data center for its expansion plans. CORZ trades at $3.39, down 2% in the past 24 hours.
Nvidia
Nvidia Corp (NVDA), a company that provides graphic cards for cryptocurrency miners joins the list of crypto stocks to watch out for in Holi 2024. The asset’s price has increased in recent weeks as miners increase their capacity ahead of the upcoming halving. The gaming industry also aids the performance of the company on the stock market. The asset is up 3.1% in the past 24 hours trading at $942.
Read Also: Crypto Analysts Project Solana’s Reversal to Propel Asset Above Resistance
The post 5 Crypto Stocks To Buy In India During Holi 2024 appeared first on CoinGape.
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