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Predictions Point to Bitcoin Could Quadruple In 2021 Similar to the 2017 Parabolic Rally

Predictions Point to Bitcoin Could Quadruple In 2021 Similar to the 2017 Parabolic Rally - Financialnewsmedia.com News Commentary PALM BEACH, Fla., Feb. 17, 2021 /PRNewswire/ Bitcoin was created in 2009 as the first decentralized currency to run on Blockchain technology. It has become notorious for price swings that often make news headlines and grab the attention of financial traders. It has also led to the creation of other digital currency such as Ethereum, Ripple XRP and Litecoin. Bitcoin even has other cryptocurrencies that were created when nodes chose not to upgrade to the latest protocol, creating a new currency out of Bitcoin s old protocols, such as Bitcoin Cash ABC. Despite Bitcoin being well known amongst traders for its price swings, many believe that this leading digital currency is here to stay. While some experts in the field see problems ahead with Bitcoin, while others still see the future as rosy as its past performances… with even higher projections. One suc

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($BTC), Anterios, Inc (NASDAQ:ANTE) - Why Sos, ZW Data Action, Airnet, Canaan, Riot Blockchain, Marathon Patent Stocks Are Surging Today

The surge comes in tandem with the cryptocurrency market overnight, with Bitcoin (BTC) hitting a new all-time high of $51,335.23. ZW Data Action Technologies Inc (NASDAQ:CNET) shares are trading 60.23% higher at $5.56 at press time. The Beijing-based company announced a partnership with BitSpace to build a joint blockchain mining platform earlier this month. Airnet Technology Inc (NASDAQ:ANTE) shares are trading nearly 56% higher at $7.72 In January, the Chinese digital media services provider announced giving Unistar Group Holdings Ltd a 19% stake in exchange for the delivery of 500 computer servers designed especially to mine cryptocurrencies. Sos Ltd. (NYSE:SOS), another China-based company that has posted stellar gains this year as a cryptocurrency play, continues to extend gains, up 30% in the pre-market session at $15.40.

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The Next Leg of the Bitcoin Stock Bull (RIOT, ISWH, MARA, CAN)

The Next Leg of the Bitcoin Stock Bull (RIOT, ISWH, MARA, CAN)
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China s cryptocurrency stocks left behind in Bitcoin frenzy

(Feb 16): China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs. A Bloomberg-curated basket of seven key Chinese A-share stocks with ties to the blockchain technology underpinning cryptocurrencies including Shenzhen Forms Syntron Information Co., Shenzhen Ysstech Info-Tech Co. and Brilliance Technology Co. has fallen about 16% so far this year, according to data compiled by Bloomberg. That compares with a 36% rise in an Elwood Asset Management index tracking global blockchain-linked shares. “Not every company will stand out in the blockchain sector,” said Reo Liao, a market analyst with IG Australia. “The recent surge in Bitcoin price may suggest that digital currency and digital-asset trading platform concepts will be the ones that attract all investors. That’s why we see all related stocks climb these days.”

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Stock Picking Is Key After This Gap-Up Open

Stock Picking Is Key After This Gap-Up Open Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker s market, right now. Feb 16, 2021 | 11:12 AM EST Traders are active following another gap-up open. It is all about the stock-picking again, with breadth running 4850 gainers to 2725 decliners. Over 1400 names are hitting new 12-month highs, and the list of stocks moving more than 10% is a couple of pages long. The key to this market continues to be to find the hot sectors. Bitcoin and Bitcoin-related names are hot, with Grayscale Bitcoin Trust (GBTC) , Marathon Patent Group, Inc. (MARA) , Canaan Inc. (CAN) , Bit Digital, Inc. (BTBT) , Xunlei Limited (XNET) , Riot Blockchain, Inc. (RIOT) and Greenpro Capital Corp. (GRNQ) jumping. Some of the cannabis names, like Village Farms International, Inc. (VFF) , AdvisorShares Pure US Cannabis ETF (MSOS) and Trulieve Cannabis Corp. (TCNNF) , are jumping back.

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