7 to Watch in February 2024

In the fast-moving world of crypto and blockchain, smart investors keep an eye on stocks with strong ties to this tech. These companies deal in mining, hosting, software, and more. Right now, seven stand out due to their high trading volume. This means lots of buyer interest, which could signal big moves ahead.

Whether you are new to blockchain investing or a pro, this guide breaks down each stock. We look at what they do, why they matter, and why they top the list for February 2024. High volume often points to news, growth, or market buzz. Let’s dive in.

What Makes a Stock a ?

are public companies linked to blockchain tech or crypto. This includes pure players like miners and hosts, plus bigger firms with blockchain parts in their business. They cover mining rigs, exchanges, wallets, staking platforms, and even fintech tools using blockchain.

These stocks can be volatile. Bitcoin prices, regulations, and tech upgrades drive them. But with crypto adoption rising, they offer growth potential. Tools like stock screeners spot the hottest ones by dollar volume – that’s our focus here.

The 7 with Top Trading Volume

These picks come from recent high activity. They lead in dollar trading volume among blockchain names. Here’s the breakdown:

1. Core Scientific (CORZ)

Core Scientific leads in digital asset mining in North America. It runs two main parts: Mining and Hosting. The company builds blockchain setups, offers software, and runs data centers. It mines Bitcoin for itself and hosts gear for other miners. Services include setup, watch, fixes, tweaks, and upkeep.

Why watch? Buzz around AI infrastructure ties in, like deals with firms needing power-hungry data centers. High volume shows traders betting on its scale-up. If Bitcoin rallies post-halving, CORZ could shine.

2. Figure Technology Solutions (FIGR)

Figure builds the next era of capital markets on blockchain. Its tech powers lending, trading, and investing in consumer credit and digital assets. Blockchain ledgers speed things up, cut costs, boost standards, and add liquidity.

Why watch? Real-world finance apps for blockchain are hot. As DeFi grows, FIGR’s focus on practical use could drive gains. Recent volume spikes hint at investor excitement for its proprietary tools.

3. Globant (GLOB)

Globant offers tech services worldwide. It covers blockchain, cloud, cyber security, AI, data, IoT, metaverse, and more. Enterprise solutions include Agile setups, process tweaks, and big clouds like AWS, Google, and Microsoft.

Why watch? Not pure blockchain, but its wide digital solutions make it stable with upside. Firms need blockchain experts, and Globant’s global reach positions it well. High volume reflects demand for its mixed tech play.

4. Bitdeer Technologies Group (BTDR)

Bitdeer focuses on blockchain and high-power computing. It sells hash rate sharing via Cloud Hash Rate and a marketplace. Plus, full hosting for mining machines – from deploy to manage. It also mines crypto itself.

Why watch? Flexible hash rate solutions appeal in shaky crypto markets. As mining gets efficient, BTDR’s tech edge shines. Surging volume points to bets on its growth in cloud mining.

5. Digi Power X (DGXX)

Digi Power X, aka Digihost Technology, mines digital currency in the US. Started in 2017, it’s based in Canada but ops stateside. Straight-up crypto mining focus.

Why watch? Simple play on mining rewards. With energy costs key, its US sites could benefit from cheap power deals. Volume uptick shows miners drawing attention amid Bitcoin strength.

6. Nukkleus (NUKK)

Nukkleus is a fintech firm with blockchain tools worldwide. It targets retail FX trading with software for deals and risk. Also, cross-border payments and blockchain finance for big investors.

Why watch? Bridges tradfi and crypto. FX market is huge; blockchain speeds it. High trading suggests news or partnerships brewing.

7. BTCS (BTCS)

BTCS runs blockchain infrastructure in the US. It secures validator nodes on key networks and handles dPoS transactions. Tools like StakeSeeker let holders earn staking rewards easy. Builder+ optimizes Ethereum blocks for max earnings.

Why watch? Shift from mining to staking as Ethereum upgrades. Passive income via staking grows popular. Volume indicates interest in its validator tech.

Why These Matter Now

February 2024 brings tailwinds. Bitcoin nears all-time highs, Ethereum scales, and firms eye blockchain for efficiency. High volume means liquidity – easier to trade. But watch risks: crypto dips, energy costs, regs.

Miners like CORZ, BTDR, DGXX thrive on BTC price. Fintech like FIGR, NUKK tap DeFi. Stakers like BTCS ride proof-of-stake. Diversify across types.

Tips for Investing in

• Track Volume: High dollar volume flags momentum.
• Watch Crypto Prices: BTC/ETH moves impact most.
• Diversify: Mix miners, stakers, software.
• Check News: Partnerships, upgrades drive pops.
• Use Tools: Screeners for real-time scans.

Final Thoughts on These

These 7 top the charts for February 2024. From mining giants to staking innovators, they capture blockchain’s boom. High trading volume means action – but do your homework. The sector evolves fast, so stay sharp. Which one catches your eye? Keep watching as crypto heats up.

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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.