Blockchain Concept Stocks On the Rise in the US Stock Market

According to reports, blockchain concept stocks in the US stock market have risen, with Silvergate (SI. N) up nearly 30%, Ninth City (NCTY. O) up 12.7%, Canon Technology (CAN. O) up 11.2%, and Riot Blockchain (RIOT. O) and Coinbase (COIN. O) up about 8.2%.

Blockchain concept stocks in the US pulled Silvergate up nearly 30%

The world of blockchain technology is expanding at a rapid pace, and with it, the concept stocks in the US stock market are soaring high. As per recent reports, many blockchain companies are gaining momentum, with a significant rise in their stock prices. With the rise in cryptocurrency popularity and advancements in blockchain technology, it is surely the right time to invest in these blockchain concept stocks. If you are looking for a comprehensive guide to understanding the recent surge in blockchain concept stocks in the US stock market, then read further.

Why are Blockchain Concept Stocks Gaining Momentum?

The recent surge in blockchain concept stocks can be attributed to the growing acceptance and application of blockchain technology worldwide. Blockchain, as a decentralized and secure digital database, has revolutionized many industry verticals, such as finance, healthcare, supply chain management, and more. The advancements in blockchain technology have led to the launch of many blockchain-based companies, paving the way for new investment opportunities.

Top-performing Blockchain Concept Stocks in the US Stock Market

As per reports, many blockchain concept stocks in the US stock market are gaining momentum. Let’s take a look at some of the top-performing blockchain concept stocks as of August 2021:
**1. Silvergate (SI. N)**
Silvergate is a California-based banking services provider that offers innovative financial solutions backed by blockchain technology. The company provides services to various sectors such as cryptocurrency exchanges, institutional investors, and more. The stock prices of Silvergate have surged to nearly 30%, making it one of the most promising blockchain concept stocks to invest in.
**2. Ninth City (NCTY. O)**
Ninth City is a Chinese company specializing in online gaming, marketing, and operating MMORPGs (Massively Multi-Player Online Role-Playing Games) in China. The company has recently announced its entry into the blockchain gaming market, which has led to an increase in its stock price by almost 12.7%.
**3. Canon Technology (CAN. O)**
Canon Technology is a Japanese multinational corporation that specializes in imaging products and services. The company has been exploring the application of blockchain technology beyond cryptocurrency and has been investing in multiple blockchain-based startups. This has led to a surge in its stock price, which has increased by 11.2%.
**4. Riot Blockchain (RIOT. O)**
Riot Blockchain is a cryptocurrency mining and innovative blockchain technology company based in the US. The company has been aggressively investing in cryptocurrency mining operations that use renewable energy sources. The stock prices of Riot Blockchain have surged by nearly 8.2%, making it a potentially profitable investment opportunity.
**5. Coinbase (COIN. O)**
Coinbase is a San Francisco-based company that operates the world’s largest cryptocurrency exchange platform. It offers a user-friendly interface for individuals and businesses to buy, sell, and store cryptocurrencies securely. The news of Coinbase going public and the rising popularity of cryptocurrencies has led to an 8.2% increase in its stock price.

How to Invest in Blockchain Concept Stocks?

If you are planning to invest in blockchain concept stocks, there are several options available in the US stock market. You can invest in stocks of companies that solely focus on blockchain technology or invest in companies that are experimenting with the application of blockchain in their respective industries. Keep in mind that investing in stocks comes with inherent risks, and it is essential to do thorough research before investing.

Conclusion

The blockchain revolution has taken the world by storm, and it is evident in the surge of blockchain concept stocks in the US stock market. It is important to remember that investing in stocks comes with inherent risks, and it is crucial to research and understand the companies before making investment decisions. The recent surge in blockchain concept stocks has made it a promising investment opportunity, and it is the right time to explore the potential of blockchain technology in the US stock market.

FAQs

**1. What is a concept stock?**
A concept stock is a newly launched company that operates in emerging industries with innovative business models.
**2. Is blockchain technology profitable?**
Blockchain technology has the potential to disrupt various industries, and investing in blockchain-based companies can prove to be profitable.
**3. What are the risks of investing in blockchain concept stocks?**
Investing in stocks comes with inherent risks, and blockchain concept stocks are no exception. It is important to thoroughly research and understand the companies before investing. The volatility and uncertainty in the cryptocurrency and blockchain industry can also affect the stock prices of the companies.