Dogecoin, Penny Stocks, Bitcoin & What’s Next
Penny stocks, Dogecoin, Ethereum, Bitcoin…they’re all part of the higher-risk asset class traders and investors are hunting for in the stock market today. The last few months have seen muted thanks to bearish sentiment as cryptocurrency prices nosediving. At one point, the price of Ethereum was below $1,000, and Bitcoin dipped under $19,000. This helped put pressure on companies involved in cryptocurrency and blockchain technology businesses.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
But the latest surge of interest ahead of the long-awaited “Ethereum merge” has crypto and stock traders optimistic. Both leading cryptocurrencies, Bitcoin & Ethereum, as well as altcoins and tokens, including Dogecoin and Shiba Inu, have all spiked higher this week. The bullishness has prompted traders to focus on blockchain and “bitcoin stocks” in late July.
The “Financial Hurricane” JPMorgan said to prepare for was pushed aside in exchange for high volatility trading action. As Bitcoin, Ethereum, and Dogecoin reclaim some of the 2022 losses, penny stocks traders are hunting for cheap names in the stock market today.
As we’ve seen, this arena is still very much on shaky ground. Regulators, governments, and even scammers are all bringing extreme emotion to both ends of the spectrum. Also, it isn’t uncommon to see massive breakouts and breakdowns within a short period.
Cryptocurrency Penny Stocks To Watch Now
What’s next for dogecoin, penny stocks, Bitcoin, Ethereum, and other digital assets? This is yet to be seen. However, we can see that there are signs of optimism in the market for the first time in a while. With this, cryptocurrency penny stocks are on the menu, and traders have a few in their crosshairs.
Bakkt Holdings
With the broader crypto industry trend, the digital asset platform company Bakkt Holdings has steadily…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
