Mining and Rising

Crypto. Crypto. Crypto. Even in the stock market its all anyone can talk about. With thousands of cryptocurrencies existing already, it can be tough to find out which one is going to pop next just like Bitcoin. For those who know the stock market better than the crypto market, it might be better to just play stocks that reflect advancements in the crypto market. Two stocks under $20 that could be a great long term buy for playing the crypto world would be $CAN at $17.34, and $EBON at $7.90. Canaan is a China based company that creates supercomputers which are smart enough to mine Bitcoin. While this has become a costly practice, mining for Bitcoin has once again become profitable as the world’s largest cryptocurrency hovers around $50,000. Ebang International Holdings is similar to Canaan, however they also recently started to mine for Litecoin and Dogecoin. While these two cryptos are nowhere near as valuable as Bitcoin, it provides some type of diversity to the mining practices of Ebang. With two very favorable prices, these stocks could help you attack the production portion of crypto before the market really takes off.

-Darnel Shillingford

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