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These 2 Penny Crypto Penny Stocks Are Riding High on Bitcoin's $35K Rally — With One Emerging As The Clear Winner

Grand News Network | November 6, 2023

With the ongoing crypto bull market, fueled by Bitcoin’s (CRYPTO: BTC) 110% surge year-to-date, investors have their sights set on finding the next big winners among penny crypto stocks. However, choosing the right ones can be quite a challenge.

What Happened: The growing optimism surrounding the introduction of spot Bitcoin exchange-traded funds has contributed to the surge in BTC prices.

This favorable environment, along with the weakening of the dollar, has the potential to ignite a rally in higher-risk assets, including cryptocurrencies. Adding to the excitement is the historical pattern observed during previous Bitcoin halving events, which typically precede significant market uptrends.

While exposure to solid crypto projects is a wise move, investors may also consider penny crypto stocks to maximize their returns.

One such comparison worth noting is between Bit Farms (NASDAQ:BITF) and Hive Blockchain (CVE: HIVE). 

HIVE Blockchain Technologies Ltd. is a cryptocurrency mining company that specializes in validating transactions on ...

Full story available on Benzinga.com


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