[ad_1]
Riot Blockchain (NASDAQ 🙂 shares of cryptocurrency miner have fallen in recent trading sessions. Is it a good time to collect shares? Or investors should stay away from that volatile stock. 360 According to research reports, the cryptocurrency mining market is projected to expand at a CAGR rate of 16.1%, reaching $ 1,614 million by 2025. However, the price of cryptographic mining stocks is highly dependent. Cryptocurrency price, network hash rate, block premiums and mining price. As the price dropped to $ 41,967 over the weekend, shares of crypto mining companies have followed the same trend.
That’s why today I’m going to take a look at one of North America’s largest crypto miners, Riot Blockchain, Inc. (RIOT). Headquartered in Castle Rock, Colorado, RIOT gained 55%, underestimating its benchmark Bitcoin (BTC), which gained about 70% at the same time.
Shares of RIOT were down 13.13% on Friday, and by the time this article was published on Monday morning, it was down another 8%. So is this a good time to buy RIOT shares? Or should investors stay away?
Fusion Media or anyone involved with Fusion Media will not be held liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be informed that one of the most risky forms of investment possible is the full information on the risks and costs associated with trading in the financial markets.
[ad_2]
Source link
