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
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Why Tech Stocks Continue to See Momentum in April 2021
In April, tech penny stocks are seeing a great deal of momentum. Last week, shares of several FAANG stocks hit fresh, record highs. With declining bond yields and investors focusing on growth stocks, the majority of the major tech stocks are seeing large bullish sentiment.
Before finding penny stocks to watch, investors can identify larger macroeconomic trends. One of the ways we can identify these trends is through the movement of the tech-heavy NASDAQ composite index. Year to date, the NASDAQ has pushed up by more than 9% as of April 12th. One of the more obvious reasons for this trend is the impact of the pandemic. Throughout the past year or so, both product and service tech stocks have benefited greatly from the trend of work-from-home.Â
If Education Stocks Are Your Focus, Check These 3 OutÂ
Education penny stocks continue to rise in popularity. With surges in cases occurring around the world, many schools are still closed globally. In the U.S., this is less the case, but many schools are still utilizing digital education.
While EdTech has been improving for many years, real growth has occurred in the past twelve months. The market has seen a flood of momentum as a result, and penny stocks have greatly benefited. As of April, there is plenty of competition in this market. This means that companies have to continue innovating.
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