Kategori: Crypto

2. Canaan, Nasdaq

Canaan is a ”Selling picks and shovels during a gold rush”-play on the cryptocurrency craze. Bitcoin and other cryptocurrency mining takes serious computing power in order to solve the complex mathematical puzzles that blockchain blocks are built from. China-based/Nasdaq-listed Canaan offer the mining rigs users need. A constantly increasing need for computing power to mine coins has fueled Canaan’s growth for the last couple of years, although 2020 has been tough for the company. It is fair to assume however that Canaan’s fortunes will rise and fall with the bitcoin price also going forward.

Who hasn’t heard the phrase ”Bitcoin is a bubble, the blockchain technology is where the real value is”?

With the bitcoin price close to all time highs, blockchain and cryptocurrencies are some of the hottest investment themes of 2021. So, for those who do not want to go through the hassle of getting a crypto wallet or invest in bitcoin futures or ETF, StocksGorilla (true to its name) here presents a list of stocks that offer a way to play the blockchain theme.

1. Tanla Platforms, India

Tanla is an indian cloud communications service provider disrupting traditional communication technologies using AI, Machine Learning and blockchain technology. This has not gone unnoticed by the stock market, as the stock in now up 1900% in the past year. Some of Tanla’s blockchain solutions include Trubloq (a blockchain-based platform for commercial communications) and Wisely (a blockchain-enabled Communication Platform as a Service in collaboration with Microsoft).