Riot Blockchain vs. Silvergate: Which Cryptocurrency Stock Is a Better Buy? By StockNews – Investing.com
- Date: 11-May-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
Riot Blockchain vs. Silvergate: Which Cryptocurrency Stock Is a Better Buy? By StockNews – Investing.com
If one expects prices to rise going forward, it makes sense to look at Riot Blockchain (NASDAQ:) and Silvergate Capital (NYSE:). Both stocks are trading at a premium but have the potential to continue gaining in price if the crypto market momentum proves to be sustainable. Let’s discuss. .The cryptocurrency space has been on fire over the last 14 months. The price of Bitcoin has surged more than 1000% since March 2020, hitting a record high of more than $63,000 last month.
This performance has brought Bitcoin and other crypto-based companies, such as Riot Blockchain (RIOT) and Silvergate Capital (SI), back into focus with investors.
While Riot Blockchain is a Bitcoin mining company, Silvergate Capital operates as a bank holding company. So, let’s see which of the two companies is a better buy today?
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