Look for some price cheating soonHello again,
MARA and RIOT were famous earlier last year for taking a few major price jumps within minutes and hours to compensate for the influx of volume coming into the stocks. MARA has sustained the volume and even made some major progress during their earnings situation when they announced that they were on schedule for their BitMain mining installations, added additional Bitcoins into their stockpile from mining, and even beat earnings expectations.
All a plus for me when we needed confirmation the most. Profitability is the next position that needs to be overcome for another major hurdle in price point, however, the current status of this stock is not affected by profitability for me. This stock is solely valued to me by future gains and profitability, which has been increasing since last year as BTC entered its current Bull run to 60k.
Everyone pretends to know the future of Bitcoin, but we all know how fragile this commodity can be when tested. It's one huge pullback away from being in a bear case with average investors usually setting sell limits that if obliterated could cause a major price meltdown.
That being said we are still in the Bull run with almost no end in sight from today's price standings. I am optimistic for MARA to reach over $60 with the current momentum with not much resistance. I will continue to follow up on trades. I have been holding a good amount of MARA, but this is a great point to add some more to your portfolio as it will see some good days ahead from this price point. I am not currently holding RIOT, but they are always a good alternative too.
