Lets start a RIOTPreviously known as Riot Blockchain, Riot Platforms is at the forefront of BTC miners and is highly poised to benefit from the imminent cryto rally generally expected to occur between late 2024 through 2025. BTC has been tipped to touch the very lucrative six digits milestone during this coming crypto cycle and all crypto related stocks have been tipped to follow suit.
RIOT faces fierce competition from other crypto related stock ( NASDAQ:MSTR NASDAQ:MARA NASDAQ:COIN NASDAQ:CLSK ), along with the newly approved BTC ETFs this time around but despite all that and its recents market struggles, i think we are headed for a possible 6X to 10X return from these current levels within the next 6-12 months.
I personally hold both NASDAQ:RIOT and NASDAQ:MARA in my investment portfolio and will be covering them both on the weekly as there are already many people covering these stocks on the daily. In my expereince, MARA tends to generate the most hype and volatility within the crypto miners and usually leads while RIOT catches up in terms of price and market cap. To me these two acted as "duo" during the previous hype rally and I expect them to behave the same again. RIOTs chart isn't as clean on the weekly, but we are near a very key support area for accumulation, but I am not worried about this stock's future one bit!