7 to Watch in February 2024: High-Volume Leaders

Blockchain technology is changing the world of finance, supply chains, and data security. As more companies build on this tech, investors look for ways to get in early. Blockchain stocks give you a piece of publicly traded firms that create, support, or use blockchain. These include miners, platform builders, and tech service providers.

Right now, certain stocks stand out due to huge trading volume. High volume means lots of buyers and sellers are interested, which can signal big moves ahead. Based on recent data from stock screeners, here are the seven top blockchain stocks with the highest dollar trading volume. We break down each one, their business, and why they matter for your portfolio.

Why Focus on High-Volume Blockchain Stocks?

Trading volume shows market excitement. When shares trade a lot, it often ties to news like Bitcoin rallies, new partnerships, or earnings beats. Blockchain stocks can be risky – think crypto price swings and regulation – but they offer growth potential as adoption grows. Think DeFi, NFTs, Web3, and enterprise blockchains.

February 2024 sees renewed interest post-Bitcoin halving talks and ETF approvals. These picks span mining, fintech, and tech services. Let’s dive in.

Quick Overview: Top 7 Blockchain Stocks

1. Figure Technology Solutions (FIGR)

Figure Technology Solutions leads in blockchain for capital markets. They use their own tech for lending, trading, and investing in consumer credit and digital assets. Blockchain helps them speed up deals, cut costs, and boost liquidity.

Why watch FIGR? Recent high trading volume points to investor buzz around tokenized assets and real-world asset (RWA) tokenization. As rates fall, lending platforms like this could boom. Keep an eye on partnerships with banks or crypto exchanges.

2. Core Scientific (CORZ)

Core Scientific runs digital asset mining in North America. They split into Mining and Hosting segments. They mine Bitcoin themselves and host gear for others, handling setup, fixes, and optimization in their data centers.

This stock shines with surging volume amid Bitcoin’s climb. Post-halving, efficient miners like CORZ with low-cost power win. Their hosting side adds steady revenue, making them less volatile than pure miners.

3. Globant (GLOB)

Globant offers global tech services, including blockchain, AI, cloud, cybersecurity, IoT, and metaverse. They help big firms with enterprise tools like AWS, Salesforce, and SAP integrations.

Not a pure blockchain play, but their wide services make them stable. High volume reflects demand for blockchain in business. As companies adopt Web3, Globant’s expertise positions them for contracts in supply chain tracking and secure data.

4. Bitdeer Technologies Group (BTDR)

Bitdeer focuses on blockchain computing. They provide cloud hash rate, marketplaces, and full mining hosting. They also mine crypto on their own.

Hash rate sharing lets users mine without buying hardware – perfect for retail investors. Volume spike ties to efficient ops in key regions. With AI needing compute power, Bitdeer could pivot to high-performance computing (HPC).

5. Digi Power X (DGXX)

Digi Power X, aka Digihost Technology, mines crypto in the US. Founded in 2017, they’re based in Canada but operate stateside.

Simple focus on mining means direct Bitcoin exposure. High volume suggests traders bet on energy-efficient ops amid green mining pushes. Watch for expansion news or power deals.

6. BTCS (BTCS)

BTCS builds blockchain infrastructure. They run validator nodes, stake on dPoS chains, and offer StakeSeeker (dashboard and staking service) plus Builder+ for Ethereum blocks.

Staking grows as Proof-of-Stake chains like Ethereum dominate. Their tools help users earn yields easily. Volume uptick from Ethereum upgrades and restaking trends.

7. Mercurity Fintech (MFH)

Mercurity powers fintech with blockchain. They build trading infra for crypto and tokenize assets like fiat, bonds, and metals.

Asset digitalization bridges TradFi and crypto. High volume on RWA hype – think BlackRock’s token funds. Great for investors eyeing regulated token markets.

Blockchain Market Trends Boosting These Stocks

• Bitcoin Halving: Cuts supply, historically pumps miners like CORZ, BTDR, DGXX.
• RWA Tokenization: FIGR, MFH lead in real assets on chain.
• Staking Boom: BTCS benefits from passive income shift.
• Enterprise Adoption: GLOB integrates blockchain for corps.

The global blockchain market could hit $39 billion by 2025, per reports. ETFs and clearer regs fuel growth.

Risks to Consider with Blockchain Stocks

Volatility is king. Crypto crashes hit miners hard. Regs like SEC rules add uncertainty. Diversify and watch energy costs for miners.

How to Get Started

Track these via stock apps. Set alerts for volume spikes or news. Pair with Bitcoin ETFs for balance. Research earnings and charts before buying.

These best blockchain stocks show hot action now. Stay tuned as February unfolds – more volume could mean breakouts.

What do you think of these picks? Share in comments!