Apr 07, 2022 (AB Digital via COMTEX) -- Bitcoin has been tracing out a large-scale consolidation over the past several months after launching in a historic run that took flight in fall 2020 and lasted through November of 2021, with a single sharp correction last summer.
While latecomers to positions on the long side may have taken some pain in the past 5 months, it's important to consider the fact that Bitcoin is still by far and away the single best performing major global asset over the past 2 years on the planet, crushing the Nasdaq and Oil by a wide margin, and completely leaving gold in the dust.
The current consolidative period has none of the typical characteristics of a busted bubble, with plenty of naysayers still making headlines and plenty of supportive volume coming in on down sessions.
While it may be tempting to say that it's time to load the boat for the next leg higher, investors may want to think a bit further about implementation.
The strategy is still a bet on Bitcoin's long-term upside potential. But that strategy may be better implemented through a portfolio comprised of stocks with strong ties to the crypto space leading the way with key innovations.
Some examples that fit this description include stocks like Block Inc. /zigman2/quotes/205989440/composite SQ +4.47% , Overstock.com Inc. /zigman2/quotes/200022359/composite OSTK +2.53% , MicroStrategy Inc. /zigman2/quotes/202561856/composite MSTR +3.43% , Mastercard Inc. /zigman2/quotes/207581792/composite MA +1.77% , PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL +2.51% , Silvergate Capital Corp. /zigman2/quotes/214908078/composite SI +0.44% , and SOS Ltd. ADR /zigman2/quotes/202902836/composite SOS +10.14% .
However, there’s one much smaller and more speculative name that might deserve much more attention after the recent launch of its new fully functioning community-based crypto mining platform, which represents a critical innovation: Marketing Worldwide Corp. /zigman2/quotes/209453455/delayed MWWC +12.50% .
MWWC bills itself as broad tech player with interests in cybersecurity and cryptocurrency. Its most interesting puzzle piece is its recently launched Minosis Platform project (see www.minosis.io ), which management describes as a “Simple Click to Mine Crypto-Mining Platform” with an “installation and rig set-up as easy as possible”.
In other words, the company is trying to take a leadership position in plug-and-play crypto mining for the masses. As bitcoin goes increasingly mainstream – and remember, even Matt Damon and Tom Brady are on board these days – such a lay solution has the potential to explode.
To further augment this offering – which just recently launched in a fully-functioning manner – the company also announced last week that it is currently developing a new “Auction Crypt” website ( http://auctioncrypt.com ) that will offer Crypto-Mining equipment to the public as part of the Minosis.io Suite of innovative crypto platforms, products, and services.
More tools to make it easy for novices to hop right into the game. This is a theme, and clever market positioning.
The auction crypt site will be a place where anyone can go to get competitive rates on specialty equipment like ASIC miners and other mining equipment wares without having to navigate increasingly complicated global supply chain logistics or battle against the semiconductor shortage.
According to the company, “the Auction Crypt website will be an extension of the #Minosis family; and will utilize the $MNS ‘Minosis’ token and the partnered $DOX ‘#DoxedToken’ as the currency used to bid on auctioned items; which will add value to the $MNS and $DOX token utilities. This is a significant opportunity to become a destination site for both refurbished and new equipment that compels web traffic to the https://minosis.io website and to the www.doxedtoken.com website. The increase in traffic could result in daily volume multipliers for both tokens, ultimately triggering the burn and stock buy-back initiatives.”
Marketing Worldwide Corp. /zigman2/quotes/209453455/delayed MWWC +12.50% shares are up several hundred percent over the past year. But the stock is very consolidated in terms of technicals, with RSI sitting under 45. In other words, it has established longer-term bullish momentum but is anything but overbought presently.
As the company further builds its branding and position as a one-stop shop for the layman bitcoin mining enthusiast, and as excitement builds up again on a mainstream level about the future returns to be found in mining BTC, MWWC could end up being the bell of the ball.
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