Blockchain Penny Stocks in the Red – Green on the Horizon?

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

    Blockchain penny stocks have been struggling on the market lately. There have only been a handful of companies that have had small gains within the last six months. 

    Many investors are eyeing blockchain penny stocks to see which ones look the most promising, as penny stocks, in general, offer great risk/reward.

    Let’s take a look at two blockchain penny stocks and their latest movements.

    Blockchain Penny Stocks: August 16th, 2018

    eXeBlock Technology Corporation (CSE:XBLK)

    Based out of Vancouver, Canada, eXeBlock Technology Corporation, through its subsidiary, eXeBlock Technology, Inc, develops blockchain based technology solutions for businesses and markets worldwide. The company focuses on marketing and developing decentralized applications that are run on the blockchain.

    There hasn’t been any recent news on the company’s movement since late-May. The company is currently developing 50/50 Labs and Freedom Ledger. It also has seven additional dApps in its development pipeline.

    While the stock may be down, there are many things in the pipeline for the company.

    According to Yahoo Finance, eXeBlock Technology Corporation is currently trading at $0.09 a share, down -5.26%. 

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    Marathon Patent Group, Inc. (NASDAQ:MARA)

    Marathon Patent Group is located in Las Vegas, Nevada. Currently, it holds only three full-time employees but was incorporated back in 2010. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. back in February 2013. 

    Marathon Patent Group focuses on mining digital assets. The company owns various cryptocurrency mining machines and a full data center to mine the digital tokens.

    Back in mid-July, Marathon Patent Group received a deficiency letter from NASDAQ in relation to its two director’s resigning. The company put out a public press release addressing the issue and its plans to regain compliance with NASDAQ. 

    According to Yahoo Finance, MARA is trading at $0.87 a share, down $0.015 (-1.71%). The company is down -14.89% in its 52-week change.

    Featured Image: Depositphotos/© timbrk

    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.