43.3 F
New York
Friday, January 15, 2021

How to Evaluate BTCS Inc (OTCMKTS:BTCS)

Must read

Critical Update: HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS:TSNP)

Over the course of the past week, the rally in Tesoro Enterprises, Inc. (OTCMKTS:TSNP) has been one of the most eye-catching ones...

American Battery Metals Corp (OTCMKTS:ABML) Hits New High On Critical Milestones

The lithium-ion battery sector has been in focus in the markets for quite some time now, and the latest company to have...

Every Financial Professional Needs A CamScanner APP

Paid Advertisment: The job description of a financial professional demands a great level of...

Strikeforce Technologies Inc (OTCMKTS:SFOR) Surges as SafeVchat Goes Live On December 18th

The stock market has been on a bit of a tear in recent days and many companies have seen their stocks soar...

BTCS Inc (OTCMKTS:BTCS) is seeing a pop in price today along with a few other cryptocurrency companies. BTCS is trading at 0.205 giving it a market cap of $17.06M with 93.79M shares out. BTCS is seeing strong volume over the last two days, so let’s look at what might be ahead for them.

The company hired a new board member last month that has strong experience in the public sector, but not in cryptocurrencies. Yet, this news was greeted favorably as BTCS has been gaining some momentum again.

BTCS Inc (OTCMKTS:BTCS) operates a beta ecommerce marketplace. It hosts an online ecommerce marketplace where consumers could purchase merchandise using digital currencies, such as bitcoin, litecoin, and dogecoin. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. was founded in 2013 and is headquartered in Arlington, Virginia.

Find out when $BTCS stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

According to company press materials, “BTCS is one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. Subject to additional financing, BTCS plans to create a portfolio of digital assets including bitcoin and other “protocol tokens” to provide investors a diversified pure-play exposure to the blockchain space. The blockchain is a decentralized public ledger and could fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust. BTCS is keenly focused on growth through acquisition and intends to acquire digital assets through open market purchases and participation in initial digital asset offerings (often referred to as initial coin offerings). Additionally, BTCS may acquire digital assets by resuming our transaction verification services business (often referred to as mining) through outsourced data centers, earning rewards in digital assets by securing their respective blockchains.”

Cryptocurrency is gaining a lot of attention and BTCS could be a nice value play in the bitcoin/blockchain pool that is amassing. The price of bitcoin is in flux after the fork, but some analysts believe it could reach $5,000 per coin. It is clear that there is a pressing desire out there and there our believers in the democratization of currency. BTCS is a company that has board members with experience in the sector and could be a nice company to watch as the year shakes out.

BTCS Inc (OTCMKTS:BTCS) is a company we are watching closely. The believe acquisition is a strong way to move ahead in this sector, so traders are watching for news and trying to read the tea leaves. As digital currency become more widely accepted and as more innovations occur, BTCS and its e-commerce location could be a valuable commodity. For continuing coverage on shares of $BTCS stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $BTCS, either long or short, and we have not been compensated for this article.


Latest article

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...

Why is Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) In a Bearish Trend?

The Bitcoin rally over the past weeks has taken the crypto space by storm. However, it should not be forgotten that Ethereum,...

Curaleaf Holdings (OTCQX:CURLF) Continues to Hit New Highs: Next Move?

The cannabis sector has had its ups and downs over the last year, but there are certain stocks that are almost always...