In a recent article it has been stated how the mining stocks in the US are outperforming Bitcoins even though the price rally of Bitcoins have seen incredible upsurge before jumping into the resistance which I do think will be helpful for people who want to ride the rally in the future.
https://www.coindesk.com/mining-stocks-are-beating-bitcoin-in-a-bullish-cryptocurrency-market Let's look at some facts first:
Over the past year, two cryptocurrency mining companies – Riot Blockchain and Marathon Patent Group – have gained 97% and over 128 percent, respectively. Bitcoin is up 3% in the same period.
An amazing investment opportunity for the people here .
After reporting less than $5 million for most of July, Riot daily volume also skyrocketed to a record-setting $58 million on Aug. 3 shortly before setting a new yearly high of $4.58.
The figures are clearly stating how it can benefit people by investments in the future.
Why are they rising higher than Bitcoins?“It’s also natural for mining stocks to rise faster than bitcoin because investors are pricing in a bull market, which could cause revenue to balloon,” Watkins added.
