Coin Stocks Newsletter – Tuesday February 6, 2018

Who’s Who in the Crypto World?

Several large companies have devised plans to enter the cryptocurrency world in the past couple weeks. These announcements have subsequently caused the prices in the companies stocks to rise as well. With the cryptocurrency market as crazy as it is right now, it is no wonder that these large companies are deciding to get involved. Two of the companies that have decided to get involved are Kodak and Seagate. These two companies saw their stocks rise by quite a large amount over the past week since the announcement was made.

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Bitcoin Price & Blockchain Technology Have Investors Hungry For Opportunity

Even though cryptocurrencies are seeing a pullback right now, the real opportunity for growth could be staring investors right in the face.

The main goal of digital currency like bitcoin was originally to build a decentralized ecosystem for handling transactions so not only could this be the next step for investors to take cryptocurrency seriously but it could also be a key step for industry to take this into account as well.

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One Cryptocurrency Rose 400% in Just 24 Hours

The cryptocurrency world has been notoriously volatile in the past year or so, with many investors getting rich easily off of the scheme and many others finding the opposite luck. A new currency in the space known as Vibe has managed to give off incredible returns in the past 24 hours. The currency based on the music world, has seen its value shoot up by over 400%, putting the price of the coin above popular ones like ripple and others. Although the price of the coin may be quite high, the market capitalization of the coin still remains quite low in the scheme of things.

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