Many investors are familiar with trending blockchain and crypto stocks. Many companies have incorporated blockchain into their businesses or benefited directly from cryptocurrency usage. Popular crypto exchanges, cryptocurrency miners, blockchain technology specialists and companies that are listed on stock exchanges are known as crypto stocks. Due to highly correlated to cryptocurrency price fluctuations, these stocks are extremely volatile and unpredictable.
If you want to invest in stocks but don’t want to bear the extreme risk, these 5 penny crypto stocks are right for you:
Hut 8 Mining
Current Price: $2.01
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial-scale bitcoin mining operations. Instead of selling Bitcoin, it mines on the market. Hut 8 Mining maximizes returns for shareholders by lending them out and farming yields, leading to compounded returns.
Stronghold Digital Mining
Current Price: $0.60
Stronghold Digital Mining, Inc., is one of the best crypto stocks that focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities. SDIG registered a big uptick in bearish sentiment, with the change in short interest coming out to nearly 84%. At the time of writing, Stronghold’s short interest is 6.91%.
Current Price: $0.90
TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania.
Current Price: $2.90
Canaan Inc. is involved in the assembly and distribution of mining equipment and spare parts. The company has strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and data center operations. Many investors consider Canaan to be one of the best crypto stocks.
Current Price: $5.71
Riot Blockchain, Inc. is a Colorado-based company that is engaged in bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.