With cryptocurrencies still going strong and alts such as ETH and DOGE breaking new highs, it is inevitable for digital mining companies such as MARA or RIOT to not continue their strong performance for this year.
I entered as it has been consolidating pretty well at support and for a quick day-trade, that was pretty easy profits. I will continue to scalp these digital mining companies as I don’t see the momentum for cryptocurrencies stopping anytime soon. With NFTs getting so much attention these days, you actually need to be using some form of crypto in order to be able to issue your NFT. There’s a few blockchain that allows NFT issuance such as ETH, Binance, Tron, EOS, DOT and several others but ETH definitely has the biggest NFT ecosystem currently.
I’m going off on a tangent here but looking at the TA, it is still weak but it does seem to be at the start of a potential uptrend, assuming BTC does not drop in value drastically overnight.
