3 Cryptocurrency Stocks To Watch In January? 2 Up By 1000%+ In The Past Year

Looking For The Best Cryptocurrency Stocks To Watch Right Now? 3 Making Moves

Cryptocurrency stocks had a stellar 2020 in the stock market. In fact, some of them even started off 2021 with new all-time highs. No doubt, this is thanks to bitcoin reaching a new all-time high itself on January 3. The digital currency soared above the $34,000 mark. As a result, investors have been swarming the top cryptocurrency stocks. I can understand why investing in bitcoin itself can be a challenge given its high volatility. Naturally, the next best option would be cryptocurrency companies that provide services related to bitcoin.

What exactly makes bitcoin prices rise? Well, it can be said that the adoption of the currency by major institutional investors and key fintech players is crucial. For example, we have seen the likes of PayPal (PYPL Stock Report) and Square (SQ Stock Report) bolster their cryptocurrency services. Notably, Pantera Capital found that PayPal clients were buying up a majority of new bitcoin supplies back in November. Simply put, the general public has easier access to cryptocurrency than ever. At the rate things are going, could bitcoin and its peers be the currency of the future?

In the larger scheme of things, people will likely continue to flock to bitcoin. This is because of the economic pressures brought on by the ongoing coronavirus pandemic. With central banks printing more money, seasoned investors could be more inclined to invest in commodities with limited supply. Arguably, you could say that bitcoin fits the bill in that sense. Having read this far, you are probably leaning towards either investing in bitcoin or cryptocurrency stocks. If it’s the latter, here is a list of the top cryptocurrency stocks to watch this month.

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Top Cryptocurrency Stocks To Watch Right Now

Riot Blockchain Inc. (RIOT Stock Report)
Visa Inc (V Stock Report)
Bit Digital Inc (BTBT Stock Report)

Top Cryptocurrency Stocks To Watch This Week #1: Riot Blockchain Inc

Starting us off, we have Riot (NASDAQ: RIOT). The company focuses on bitcoin mining and supporting the bitcoin blockchain through various means. In detail, this can range from participating in bitcoin’s consensus system and racing to find blocks and build upon them. Considering its work with bitcoin, Riot is a crypto company that investors are watching closely. Another reason for that would be RIOT stockstock which has seen gains of over 1100% in the past year. Naturally, with such impressive numbers, investors could be wondering if Riot has anything planned for the future.

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