Bitcoin at $43K& Targets $50K: $MARA, $RIOT or $COIN?

WallStreet_Tiger
2023-12-08

BTC-USD has reached 43K, and the market expects it to reach $50,000 in December.

Read more: Technical Analysis: Bitcoin price eyes $50,000 target for week 3 of December

If there is no direct transaction on the blockchain, some stocks may be worth paying attention to for you, such as: $Coinbase Global, Inc.(COIN)$ , $Marathon Digital Holdings Inc(MARA)$ , $Riot Blockchain, Inc.(RIOT)$ .

The following is a comparison of some fundamental information. Hope the data will help you get more clear idea.

Fundamental Comparison:

  1. Marketcap:$Riot Blockchain, Inc.(RIOT)$ ($3.073B)< $Marathon Digital Holdings Inc(MARA)$ ($3.45B)<$Coinbase Global, Inc.(COIN)$ ($32B)

  2. YTD2023: $Marathon Digital Holdings Inc(MARA)$ (353.51%) > $Riot Blockchain, Inc.(RIOT)$ (338.94%)> $Coinbase Global, Inc.(COIN)$ (284.93%)

  3. Trading Volume: $Marathon Digital Holdings Inc(MARA)$ > $Riot Blockchain, Inc.(RIOT)$ ()> $Coinbase Global, Inc.(COIN)$

  4. EPS(TTM): $Marathon Digital Holdings Inc(MARA)$ (-3.08USD) < $Coinbase Global, Inc.(COIN)$ (-3.2USD)<$Riot Blockchain, Inc.(RIOT)$ (-1.8USD)

  5. Average Target Price Forecast: $Coinbase Global, Inc.(COIN)$ (-29.67% Downside), $Marathon Digital Holdings Inc(MARA)$ (-22.11% Downside), $Riot Blockchain, Inc.(RIOT)$ (12.63% Upside)

Detailed data and fundamentals:

$Marathon Digital Holdings Inc(MARA)$ operates as a digital asset technology company that mines digital assets with a focus on the blockchain ecosystem and the generation of digital assets in United States. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.

$Riot Blockchain, Inc.(RIOT)$ together with its subsidiaries, operates as a bitcoin mining company in North America. It operates through Bitcoin Mining, Data Center Hosting, and Engineering segments. The company also provides co-location services for institutional-scale bitcoin mining companies; and critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners.

Riot Platforms, Inc., In addition, it engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy; operation of data centers; and maintenance/management of computing capacity.

$Coinbase Global, Inc.(COIN)$provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

Some other bitcoin related ETF you may interested in $2X BITCOIN STRATEGY ETF(BITX)$ $ProShares Bitcoin Strategy ETF(BITO)$ $Valkyrie Bitcoin Miners ETF(WGMI)$ $BITCOIN ETF(BTEUF)$

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