Promising Cryptocurrency Stocks To Follow Now – May 29th

Robinhood Markets, Bitdeer Technologies Group, and Galaxy Digital are the three Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose primary business involves digital assets—such as crypto miners, blockchain developers or exchange operators. By buying these equities, investors gain exposure to the cryptocurrency sector through regulated stock markets instead of purchasing coins directly. Their performance reflects both the company’s fundamental health and the broader volatility of the crypto industry. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Shares of HOOD stock traded down $0.46 during trading hours on Thursday, hitting $64.68. The company had a trading volume of 11,202,414 shares, compared to its average volume of 39,240,758. Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $67.13. The firm has a market capitalization of $57.27 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 1.05 and a beta of 2.15. The firm’s fifty day moving average is $49.03 and its 200 day moving average is $45.62.

Bitdeer Technologies Group (BTDR)

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.

Shares of NASDAQ:BTDR traded up $0.35 during trading on Thursday, reaching $14.65. The stock had a trading volume of 2,523,781 shares, compared to its average volume of 5,867,241. Bitdeer Technologies Group has a 52 week low of $5.40 and a 52 week high of $26.99. The business’s 50-day moving average price is $10.78 and its 200 day moving average price is $14.30. The stock has a market capitalization of $1.64 billion, a PE ratio of -28.17 and a beta of 2.24.

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

Shares of Galaxy Digital stock traded down $0.20 on Thursday, hitting $20.18. 1,340,632 shares of the company’s stock traded hands, compared to its average volume of 3,274,983. Galaxy Digital has a one year low of $18.80 and a one year high of $26.60.