From Nasdaq: 2024-05-08 06:51:00

Bitcoin is consolidating between $60,000 to $70,000 after a rally in the first two months of the year. With the halving done, a fresh rally is expected soon. Consider buying crypto stocks for quick returns amidst the volatile market.

Expansionary monetary policies and multiple rate cuts ahead could benefit major crypto exchanges. Some Bitcoin miners have ambitious expansion plans for the next 18 months, making them strong investment options.

Coinbase stock has surged 300% in the last 12 months and remains attractive with a forward price-earnings ratio of 31. As altcoins rally, Coinbase is poised for healthy revenue growth from trading and speculative activity. International expansion and growth in institutional clients position Coinbase as a value creator.

Marathon Digital stock has surged 123% in the last six months and is targeting a hash rate capacity of 50EH/s by the end of the year. With ample cash and Bitcoin holdings, Marathon has room for aggressive growth beyond 2024. The company’s reduced debt allows for flexibility in pursuing expansion.

Riot Platforms stock is undervalued and poised for a big rally with a forward price-earnings ratio of 16.2. The company’s strong fundamentals include a $1.3 billion cash buffer and zero-debt balance sheet, allowing for aggressive capacity expansion. With plans to increase hash rate capacity, RIOT stock shows potential for substantial returns.

Read more at Nasdaq: Front-Run the Next Bitcoin Boom: 3 Crypto Stocks to Buy Now