Top 3 Gaining Traction in Late December 2024

Blockchain technology is changing how we handle money, data, and even everyday services. As 2024 ends, investors are eyeing blockchain stocks that show strong promise. These are shares in companies deeply involved in blockchain, crypto mining, or related tech. Right now, three stand out due to high trading volume and fresh developments: Core Scientific (CORZ), Figure Technology Solutions (FIGR), and Globant (GLOB).

Why follow these today? They lead in dollar trading volume among peers. This means big investor interest, which could signal price moves. But remember, crypto-linked stocks can swing wildly due to market moods and rules. Let’s dive into each one, what they do, and why they matter now.

What Makes a Stock a ?

are public companies that earn money from blockchain or crypto. This group includes:

• Crypto miners who dig for Bitcoin and others.
• Exchanges and wallet makers.
• Firms building blockchain software.
• Chip makers for mining gear.
• Companies adding blockchain to their main business.

Investors pick them for exposure to blockchain growth without buying crypto directly. Bitcoin’s rally past $90,000 this year and ETF approvals have boosted these stocks. Yet, they face risks like energy costs for miners, hacks, and changing laws.

1. Core Scientific (CORZ): Mining Powerhouse

Core Scientific leads in digital asset mining across North America. They run two main parts: Mining and Hosting.

• Mining: They mine Bitcoin using their own data centers.
• Hosting: They host gear for other big miners, handling setup, fixes, tweaks, and upkeep.

Besides hardware, they offer blockchain setup, software, and services. With Bitcoin prices high, miners like CORZ profit big from rewards. Recent high volume shows traders betting on their growth. Analysts give it a Moderate Buy rating, pointing to solid infrastructure as key.

Why watch CORZ now? Energy-efficient mining and expansion plans could shine if crypto stays hot into 2025. Keep an eye on their output reports and hash rate growth.

2. Figure Technology Solutions (FIGR): Blockchain for Finance

Figure is reshaping capital markets with blockchain. Their tech drives lending, trading, and investing in consumer credit and digital assets.

Key perks of their blockchain use:

• Faster deals for customers.
• Better efficiency and standards.
• More liquidity in markets.

They focus on real-world finance apps, like loans backed by blockchain. As banks test distributed ledgers, FIGR’s position looks strong. High recent trading volume hints at investor buzz, maybe from partnerships or product news.

Why watch FIGR now? With rising demand for blockchain in traditional finance, this stock could surge. Track their lending volume and new deals.

3. Globant (GLOB): Tech Giant with Blockchain Edge

Globant provides tech services worldwide, with blockchain as a core offering. They build digital solutions in:

• Blockchain and cloud tech.
• Cybersecurity, AI, and data.
• IoT, metaverse, and engineering.

They also help with big platforms like AWS, Google Cloud, Salesforce, and SAP. Blockchain fits their enterprise push, aiding firms in secure, fast data sharing.

Why watch GLOB now? As companies adopt blockchain for supply chains and payments, Globant’s skills draw clients. Steady revenue and high volume make it a balanced pick in the group.

Why These Lead in Trading Volume

Market tools show CORZ, FIGR, and GLOB topped dollar volume among blockchain stocks lately. High volume means:

1. Liquidity: Easy to buy or sell without big price shifts.
2. Interest: Whales and funds are active.
3. Potential moves: Volume often precedes price jumps.

December trends like year-end trading and crypto hype fuel this. Bitcoin’s strength lifts miners like CORZ most, while FIGR and GLOB benefit from broader adoption.

Risks to Know Before Buying

These stocks pack excitement but also pitfalls:

• Volatility: Crypto prices swing, dragging stocks.
• Regulation: Governments eye crypto rules.
• Company issues: Miners face power costs; others compete hard.
• Market shifts: Halving events cut mining rewards.

Do your homework. Use tools for analyst views and earnings dates.

Broader Trends Boosting in 2024

2024 saw huge wins:

• Spot Bitcoin ETFs brought billions.
• Enterprise blockchain grew in finance and supply chains.
• AI-blockchain combos emerged.

Heading to 2025, watch U.S. policy shifts and Ethereum upgrades. These could push our top picks higher.

Final Thoughts: Time to Track These

CORZ, FIGR, and GLOB top the list for late December action. Their high volume and blockchain ties make them worth watching. Whether you’re new to crypto or a pro, add them to your list.

Stay updated on prices, news, and volumes. Blockchain’s future is bright – position smartly for gains.

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