Investors who missed the multi-bagger returns in Bitcoin (BTC-USD) and Ethereum (ETH-USD) still have an opportunity. Look at cryptocurrency exchange and miners.
Although it is not yet a buy, Coinbase (NASDAQ:COIN) is educating the markets about the cryptocurrency markets. This should help it grow its user base. Conversely, the site’s crashing following bitcoin volatility undermines its revenue growth story.
Voyager Digital (OTC:VYGVF) is a growth story. In the third quarter, it posted revenue of $60.44 million, up from just $282,000 last year. Voyager earned $53.5 million more in fees and $6.6 million in interest revenue this year. Unfortunately, it posted a net loss of $68.56 million.
Voyager’s upcoming catalysts include a loyalty program, which pays a 1% bonus interest rate on your favorite coins. Customers will have T1 trading, where trade settlement is only one day. In addition to its strong altcoin market, Voyager will add new coins, which increases its addressable market.
In the mining space, Marathon Digital (NASDAQ:MARA) is trading below yearly highs. Short-sellers are betting that crypto prices will fall, hurting Marathon’s growth potential. Still, those who are bullish on the currency will benefit from holding MARA and Riot Blockchain stock.
