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As Cryptos Rise Companies That Have Bought In Not Following

Published 05/03/2021, 01:38 PM
Updated 07/09/2023, 06:31 AM

Although the crypto universe continues to fly higher, with Ethereum in particular roaring to new highs practically every day…

Ethereum Chart.

... the equities that have tied their fates to crypto are, strangely, not playing along. For example, the two below: 

MicroStrategy Incorporated (NASDAQ:MSTR):

MicroStrategy Chart.

Riot Blockchain Inc (NASDAQ:RIOT):

Riot Blockchain Chart.

I also consider Tesla (NASDAQ:TSLA) to be very much tethered to crypto, since it has made a big investment in Bitcoin, and Elon Musk is always shouting about Dogecoin.

Tesla Chart.

And, wherever Tesla Goes, ARK Innovation ETF (NYSE:ARKK) is bound to follow.

AARK Chart.

Latest comments

BTC mining stocks are being shorted in unison by hedge fund mgrs, trying to get you to panic sell your shares! #HodlOn #DiamondHands
Those others are nit participating tells you s correction is coming
Yep.....another bad article. The companies her refers to are in BTC yet he knocks them for not going higher with Dogecoin.  This guy is useless clickbait
This is a WSB level comment with a few graphs. Did you want to offer any insight or....... Yeah obviously people have noticed that there is something going on with crypto that makes it ******near impossible to fall. Probably the ease of access and globalized demand pool. I have no idea how it is not being manipulated down for big players to enter at a much better price though.
sounds like a short seller loser
maybe bad news ahead!!
You forgot COIN!
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