Blockchain shares to see when crypto approaches market value of 1 trillion USD
For quite some time, the crypto market was gripped by extreme bearishness, which resulted in an overall market value falling below USD 1 trillion in May this year. On July 18, the crypto market value regained its market value of USD 1 trillion, thanks to a rally of over 4%, which raised hopes of sunny days ahead. The crypto market value was $ 1.01 trillion at 12.03 (GMT +1) on Monday, with a total crypto market volume over the last 24 hours of $ 80.60 billion.
Leading cryptocurrencies, such as Bitcoin, Ethereum, Cardano, etc., witnessed green after a long time, and evoked smiles on the faces of market participants. In fact, Bitcoin was up 31.14% and was trading at $ 22,041.39, while Ethereum was up 8.45% and trading at $ 1476.39, and Cardano was placed at $ 0.488 with a rally above 7.55 , according to CoinMarket Cap.
The emergence of crypto also means good news for the blockchain industry, and now they can see increased interest in the middle of the rally. Cardano (ADA) founder Charles Hoskinson said blockchain technology could open up a host of opportunities that will transform the industry.
Hoskinson had said that blockchain technology would create a situation where all state tax revenues are open source, making it easy for the public to see where the government is making money and where it is going.
So, while the crypto market is taking back the $ 1 trillion mark, let’s look at 3 FTSE-listed blockchain stocks.
Quantum Blockchain Technologies Plc (LON: QBT)
The share of the FTSE AIM All-Share-listed blockchain investment company was traded up 5.88% to GBX 1.80 as of July 18, 2022, at. 11:30 (GMT + 1). The company, which operates R&D and investment programs, has given its investors a positive return of 80.23% over the past 12 months. However, its YTD return was -43.84%. Quantum’s total market value was £ 16.96 million on Monday.
Argo Blockchain Plc (LON: ARB)
The market value of a world-leading cryptocurrency miner, Argo Blockchain Plc, was £ 160.55 million on Monday. The company’s shares our up by 7.14% at GBX 36.00, per 18 July 2022, at 11:30 (GMT + 1). It has given its investors a negative return of -64.91% over the last 12 months, while its YTD return was -63.41%.
Online Blockchain Plc (LON: OBC)
The shares of the FTSE AIM All-Share-listed blockchain research and development company were traded at 15.00 GBX from 18 July 2022, at 11:40 (GMT + 1). The company has given its investors a negative return of -4.60% in the last 12 months. However, its YTD return was -4.61%. Online Blockchain Plc’s market capitalization was £ 2.14 million on Monday.
Note: The content above constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be carefully considered taking into account the associated risks.
