A little more than 24 hours ago, NIA announced Hive Blockchain (TSXV: HIVE) as its new #1 Cryptocurrency stock suggestion. Yesterday was HIVE’s first day of trading after successfully completing a reverse merger, raising CAD$16.5 million in a private placement, and closing on the acquisition of a brand new state-of-the-art Cryptocurrency mining data centre in Iceland for USD$9 million.
HIVE opened for trading yesterday at $0.74 per share, which is the price that NIA will use as its initial HIVE suggestion price. After opening at $0.74, HIVE immediately traded 731,000 shares in its very first minute of trading! Over the following 5 minutes, HIVE traded another 417,000 shares and brokeout to $0.84 per share.
HIVE continued rising throughout the trading day, gaining by $0.22 or 29.7% from its opening price of $0.74 per share to finish the day at $0.96 per share on enormous volume of more than 5.9 million shares!
Look for HIVE to breakout above $1 per share today and rapidly explode to the $2-$3 per share range in the weeks ahead! With 226,584,760 shares outstanding, HIVE’s current market cap is only CAD$217.52 million or USD$177.2 million!
NIA is 100% sure that HIVE is going to quickly replace the scam company First Bitcoin Capital (BITCF) as the #1 hottest Cryptocurrency stock. NIA warned its members in March that BITCF was a scam and we were recently proven right when the SEC temporarily suspended trading in the stock – after it had risen as high as $3.15 per share where it had an insanely high market cap of $951.55 million despite no assets, revenue, cash flow, or prospects for any in the future. Despite now trading on the grey sheets, BITCF is still being valued with a market cap at $0.91 per share of $274.89 million.
For HIVE just to reach BITCF’s current market cap, HIVE will need to rise to $1.49 per share. HIVE is the only legitimate publicly traded Crypto pure play. Based on the computational capacity of HIVE’s newly acquired Iceland facility, along with historical Ethereum prices and hash rates – if HIVE’s facility had been operating from June 2016 through June 2017 it would have generated positive EBITDA of $7 million!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from a third-party for covering HIVE of $60,000 cash. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.