Will Cryptocurrency Stocks Continue to Gap Up?
Many cryptocurrency penny stocks gapped up early on Tuesday, April 13th. If youâre not familiar, these are companies that are engaged in either the cryptocurrency market or with blockchain technology. There are a few reasons why there is so much popularity surrounding the crypto market right now.Â
For one, news dropped recently regarding the IPO of the popular cryptocurrency exchange, Coinbase. While Coinbase most likely wonât be a penny stock, it might still be worth watching. Coinbase will go public on April 14th, trading under the symbol, (NASDAQ:COIN). This is a big deal as it both offers investors an opportunity to invest in the platform, and serves to further legitimize the cryptocurrency and blockchain industries.Â