Top to Watch in Early 2024

Bitcoin is on the rise again, and the crypto market is buzzing with excitement. If you want to get in on the action without buying coins directly, offer a smart way to invest. These are shares in companies tied to crypto mining, trading, and blockchain tech. Right now, three stand out: Galaxy Digital Holdings Ltd. (GLXY), Bitfarms Ltd. (BITF), and HIVE Digital Technologies Ltd. (HIVE). They lead in trading volume, showing huge investor interest.

What Are ?

are public company shares linked to the crypto world. Think miners who power Bitcoin networks, exchanges for trading coins, or firms holding big crypto stashes. Unlike direct crypto buys, these stocks follow company rules, market trends, and laws. This mix gives you crypto exposure with added stability from business basics.

Why watch them now? High dollar trading volume means lots of buying and selling. It signals potential big moves as Bitcoin eyes new highs ahead of the 2024 halving event.

1. Galaxy Digital Holdings Ltd. (GLXY): The All-Rounder in Crypto Finance

Galaxy Digital is a powerhouse in digital assets. This firm offers financial services like trading, investing, and mining in crypto and blockchain. It runs key areas:

• Trading: Buys and sells crypto for profit.
• Principal Investments: Holds big crypto positions.
• Asset Management: Manages funds for others.
• Investment Banking: Helps crypto firms raise money.
• Mining: Runs rigs to earn Bitcoin.

With Bitcoin climbing, Galaxy benefits from higher asset values and more trading activity. Its broad setup makes it a top pick among . Watch for updates on its mining growth and new deals.

2. Bitfarms Ltd. (BITF): Pure-Play Bitcoin Miner Expanding Fast

Bitfarms focuses on mining Bitcoin and other coins. It operates server farms in Canada, the US, Paraguay, and Argentina. These sites validate Bitcoin transactions, earning block rewards and fees.

Key strengths:

• Low-cost energy in Paraguay boosts profits.
• Expansion plans to add more mining power.
• Extra income from electrician services in Quebec.

As a dedicated miner, Bitfarms rides Bitcoin’s price waves directly. High volume shows traders bet on its efficiency post-halving. Keep an eye on hash rate growth and energy deals.

3. HIVE Digital Technologies Ltd. (HIVE): Green Mining Leader

HIVE mines Ethereum Classic, Bitcoin, and more across Canada, Sweden, and Iceland. It uses renewable energy for eco-friendly operations. Beyond mining, it runs data centers and sells infrastructure solutions.

Highlights:

• Focus on green energy cuts costs and appeals to investors.
• Diversified coins reduce risk.
• Formerly HIVE Blockchain, now stronger in tech services.

HIVE’s high trading volume reflects trust in its sustainable model. With crypto going green, this stock could shine in 2024.

Why These Have Top Trading Volume

Recent days saw these three crush volume charts. Reasons include:

1. Bitcoin Rally: Rising BTC prices lift miners’ revenues.
2. Halving Hype: April 2024 event will cut rewards, favoring efficient players.
3. ETF Buzz: Spot Bitcoin ETFs bring fresh money to related stocks.
4. Market Recovery: After 2022 lows, investors pile back in.

Volume spikes often predict price jumps. These stocks could lead the next leg up.

Risks to Know Before Buying

No investment is risk-free. Watch for:

• Volatility: Crypto prices swing wild, hitting stock prices.
• Regulation: New rules could change the game.
• Competition: Miners fight for blocks and cheap power.
• Halving Impact: Less rewards mean tighter margins.

Do your homework. Use tools like stock screeners to track volume and news.

How to Get Started with These Top

Ready to invest?

1. Open a brokerage account that lists these tickers (GLXY, BITF, HIVE).
2. Check charts for entry points.
3. Diversify – don’t go all-in on one.
4. Follow crypto news for catalysts.

Long-term holders may win big as blockchain grows.

Final Thoughts on in 2024

The like Galaxy Digital, Bitfarms, and HIVE offer real exposure to crypto’s boom. Their high volume screams opportunity amid Bitcoin’s surge. Stay informed, manage risks, and position for growth. Which one will you watch first?

Share your thoughts in the comments. Happy investing!

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

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.