The Canadian Blockchain stocks on our list have recently begun trading or recently announced Blockchain-based products
SmallCapPower | February 26, 2018: Cryptocurrencies remain highly volatile, with Bitcoin having increased 70% from its low in early February, and Ethereum having increased 50% over the same timeframe. The Canadian Blockchain stocks on our list today have recently begun operating Blockchain-related products, with generally negative market reactions. Should cryptocurrencies rally further, these companies could see strong returns.
CryptoGlobal is a Canada-based cryptocurrency miner operating in Ontario and Quebec. The Company currently operates 7,700 rigs, and plans to expand to 10,000 by the end of 2018. CryptoGlobal plans to mine four of the top 10 cryptocurrencies, currently Bitcoin, Ethereum, Litecoin, and Dash.
VersaBank is a digital Schedule 1 bank. The Company provides commercial banking and e-commerce to consumers and small businesses. On February 14, the Company announced VersaVault, a Blockchain-based safety deposit box for digital assets, such as cryptocurrency.
Neptune Dash is a Canada-based cryptocurrency miner. The Company operates a total of 18 Dash masternodes, mining an average of 6.8 Dash per month. Dash masternodes do not require the same degree of hardware that most cryptocurrency miners do. The Company aims to continue its focus on Dash and is unlikely to delve into other cryptocurrencies.
Market Cap: $33.3 Million
Date of Market Entry: 1/22/2018
Total return since Market Entry: -28.3%
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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