The Crypto boom isn’t over yet as most coins are drawing large attention of millions who want to store their wealth after considering precious metals that are still risky to carry or keep anywhere. Mostly wealthy people might hide their cash via buying cryptos overseas to avoid rocketing taxation.
One of the most prominent crypto mining and trading firms, HIVE Blockchain (TSXV: HIVE.V) has its shares that are correlated to the price of Bitcoin and Ethereum. Just on Friday session HIVE.V stock popped 21% on 13 million volume by hitting the $3.97 tag and barely touching that close $4.00 value.
All the HIVE.V movements are approximately similar to the ETH-USD price chart that always stays active even on weekends and holidays. Crypto never sleeps but stocks need to rest all the time to be corrected by traders and speculators. One may surely say HIVE.V will jump over $5 on Monday on just several thousand shares.