Technology Can cryptocurrencies and blockchain stocks rally in 2018?

22:27  12 july  2018
22:27  12 july  2018 Source:   fool.com

Energy stocks help lift Toronto market

  Energy stocks help lift Toronto market TORONTO - Energy stocks helped lift Canada's main stock index at late morning as the price of oil also ticked higher.  The S&P/TSX composite index closed up 96.38 points at 16,548.72 to top the record close set a day earlier. In New York, the Dow Jones industrial average ended up 143.07 points at 24,919.66.

Here are seven cryptocurrencies to buy as the blockchain revolution heats up! That’s a significant psychological incentive, especially if the broader blockchain rally drives higher. 10 Best Stocks for 2018 : A Commanding Lead at the Halfway Point.

April 3, 2018 By Brandon Quittem 0Comments. Directly investing in digital assets comes with many risks, which keeps some would-be investors on the sidelines. Here are 5 US stocks to gain exposure to cryptocurrencies and blockchain technology without leaving your brokerage account!

A depiction of the cryptocurrency Bitcoin© Provided by Fool A depiction of the cryptocurrency Bitcoin

This time last year the price of Bitcoin had reached above the $2,500 mark — considered an impressive surge after starting the year below $1,000. Investors now know just how incredible its run would turn out to be, as it would challenge the $20,000 mark in December before the bubble finally burst in late 2017 and early 2018. In addition to its high valuations finally catching up to it and other cryptocurrencies, nations around the world began a crackdown of cryptocurrency exchanges that has hurt valuations.

Unless you are a bag holder that jumped in during its fall 2017 run, it is worth noting that its year-over-year jump is still mightily impressive. The same applies for its competitors like Ethereum, Bitcoin Cash, and Litecoin. Cryptocurrency prices have plunged this year, but initial coin offerings have soared, and companies continue to invest in blockchain technology.

Toronto stocks higher, U.S. markets also gain

  Toronto stocks higher, U.S. markets also gain The industrials sector helped lift Canada's main stock index at late-morning, while U.S. stock markets also climbed higher as technology companies and banks rose.  The S&P/TSX composite index was up 48.90 points to 16,420.68, after 90 minutes of trading.

It is getting into cryptocurrencies in a big way with its subsidiary tZERO. Riot Blockchain . Stock market rallies after jobs report; Biogen surge boosts biotechs. Community Guidelines • FAQs. Copyright © 2018 MarketWatch, Inc. All rights reserved.

As the broad indexes move higher there are less stocks participating in the rally . Not a good sign. Cryptocurrency and blockchain ALERTS: InvestingHaven flashes BUY and SELL alerts on cryptocurrencies and blockchain stocks .

The news has been especially positive in Canada. The federal government announced earlier in the year that it would dedicate resources to studying blockchain through the Bank of Canada. TMX Group Ltd.(TSX:X), which operates cash and derivatives markets including the TSX, announced in March that it would launch a cryptocurrency exchange. Canada has also become a hot spot for miners to migrate to due to its cheap energy costs and lack of regulatory oversight when it pertains to mining crypto. TMX Group stock has climbed 22.2% in 2018 as of close on July 11.

GoldMoney Inc. (TSX:XAU) has also sought to take advantage of the cryptocurrency wave. The Toronto-based company specializes in precious metals investment services but added a Bitcoin and Ethereum holding in the fall of 2017. Shares hit an all-time high of $8.05 in December at the height of the cryptocurrency craze, but have since fallen off sharply. GoldMoney stock is down 52.3% in 2018 so far, although the stock is still up 12% year over year.

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The total market capitalization of cryptocurrencies could hit trillion in 2018 , Peter Smith, CEO of digital wallet platform Blockchain said. Both have had huge price rallies this year. Some market players think bitcoin alone will be worth trillion in the near future.

NEM (XEM/USD) is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. IOTA's closing price on December 31, 2016 was just 28 cents. It has since rallied 2,677% to around .14. Global stocks tread water on trade worries, yuan steadies By Reuters - Jul 04, 2018 .

The price of Bitcoin has plummeted since its amazing heights in December, but investors are more aware of cryptocurrencies than ever. The Bank of Canada published a study called the Bitcoin Omnibus Survey (BTCOS), which sought to identify trends that led to the dramatic price increase. The study found that Bitcoin ownership among Canadians grew from 2.9% to 5% this year, while awareness of Bitcoin rose to 85%.

Perhaps most critically, the study also found that about half of Bitcoin holders use it as an investment rather than for transactions. The price movement of Bitcoin and other cryptocurrencies have come to resemble precious metals in recent months, often plagued by volatility and periods of stagnation. Buying and holding Bitcoin and other cryptocurrencies as an investment in 2018 is just as risky, but these vehicles do not possess the longevity and reputation as a safe haven that gold and silver boast.

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Now Don Tapscott, Co-founder of the Blockchain Research Institute, has revealed his ten predictions for cryptocurrencies in 2018 . “So, using an ICO, Tesla could raise mil x 1,000 = billion—more than they could ever raise on the stock exchange or in the bond markets.

A massive bubble? A passing fad? A scam? Whatever the cynics out there want to call bitcoin, its BTCUSD, -2.00% insane rally continues to befuddle the haters and enrich the crypto faithful. Fear of missing out can have a powerful — and dangerous — influence on financial decisions.

Investors who want exposure to this sector should dip into companies that are diversified but are also investing time in cryptocurrency and blockchain technologies. TMX Group is one such stock that has posted solid growth in 2018 so far.

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Fool contributor Ambrose O’Callaghan has no position in any of the stocks mentioned.

Is now the time to buy gold? .
Prepare for gold's next rally by investing in Seabridge Gold Inc. (TSX:SEA)(NYSE:SA).Nonetheless, regardless of the considerable degree of optimism now surrounding the economic health of the U.S. and many other economies globally, economic and political risks abound. One of the best ways to hedge against these risks is to invest in gold because it is perceived to be the ultimate safe-have assets and store of value. The lustrous yellow metal’s latest pullback has created an opportunity for investors seeking to cash in on gold’s next rally.

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