Blockchain Penny Stocks One Down; Two Up – What’s the Scoop?

    Author Chelsea RohPosted on Categories Penny StocksTags , , , , , , , , , , , , , , ,
    Blockchain penny stocks

    Blockchain penny stocks have been following the crypto market trend lately and dropped a considerable amount since late-2017. 

    However, blockchain technology is here to stay and every investor is looking to find that blockchain penny stock that will take off. Let’s take a look at three blockchain penny stocks on the market today and their latest company movements.

    Blockchain Penny Stocks – August 15th, 2018

    Currently, one major blockchain penny stock is down, but two of them are up – let’s see why.

    1. 360 Blockchain Inc. (CSE:CODE)

    Based out of Vancouver, Canada, 360 Blockchain invests in blockchain-based technology. The company was formerly known as 360 Capital Financial Services Group Inc but changed its name and focus back in September 2017. 

    360 Blockchain’s stock has been on the decline for the past six months. A few weeks ago, it was announced that 360 completed a website acquisition deal which would give it revenue in Q3 2018.

    According to Yahoo Finance, CODE is currently trading at $0.055 a share, down $0.010 (-15.38%).

    2. HIVE Blockchain Technologies Ltd (TSXV:HIVE)

    Also based out of Vancouver, HIVE blockchain claims to be the first publically listed blockchain company that bridges blockchain and cryptocurrency with traditional capital markets.

    HIVE announced this morning that it will launch its 200 Petahashesh (PH) of cloud-based mining power next month. This cloud mining is an amendment to the terms of its agreement with Genesis Mining back in December.

    Due to the press release, HIVE is trading in the green today.

    According to Yahoo Finance, HIVE is currently trading at $0.72 a share, up $0.03 (+4.35%).

    3. BTL Group Ltd (TSXV:BTL)

    Based out of Calgary, Alberta, BTL Group provides enterprise technology platform for businesses across various industries. BTL holds its Interbit blockchain platform that is aimed towards developers to integrate blockchain into enterprise platforms.

    On Friday, BTL Group insider Ghr Investments Ltd sold 5,000 shares of the business’s stock in a transaction. 

    According to Yahoo Finance, BTL is currently trading at $3.13 a share, up $0.22 (7.56%).

    Featured Image: Twitter

    Author Chelsea Roh
    About the author: Chelsea Roh is a freelance writer. Her current focus is blockchain technology and cryptocurrency. One could even call her a blockchain "enthusiast." In addition to content writing, she is an experienced SEO and Social Media Strategist. Before moving to Canada, she spent 10+ years marketing and working hands-on in the medical practice industry within the U.S.A.