Fishing for ASX crypto stocks? 3 shares that gained over 30% last year

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Fishing for ASX crypto stocks? 3 shares that gained over 30% last year

 Fishing for ASX crypto stocks? 3 shares that gained over 30% last year
Image source: isak55,Shutterstock

Highlights

  • Cryptocurrencies have been among the most sought-after investment assets in the past few years.
  • Recently, the global crypto market cap even surpassed the US$3-trillion mark for the first time. 
  • NOV, RZI, and FFG are a few crypto-related stocks that investors can look at.

Thanks to a monumental rise in their popularity in last few years, cryptocurrencies are considered as one of the hottest investment assets. With virtual currencies significant returns delivered by the as more and more investors foray into the digital world.  Recently, the global crypto market cap even surpassed the US$3-trillion mark for the first time. 

There are investors who seek to invest in established firms that benefit from blockchain and crypto asset uptake instead of taking direct positions in crypto assets themselves by buying different cryptocurrencies.

Here are three cryptocurrency-related stocks that have given a YTD return of over 15%:

(However, one needs to do thorough research before taking any exposure, as sinusoidal market trends are evident.)

Novatti Group Ltd (ASX:NOV)

Novatti Group offers a payment processing platform that facilitates mobile and alternative financial payments solutions and services. The year-to-date return for the stock stands at over 8%. In the past year, the stock delivered over 39% return.

It was in the year 2018 that the company forayed into blockchain payments. The company integrated its proprietary payments platform with The Stellar Network to build, send, & trade digital depictions of dollars, pesos, bitcoin etc.

Source: © Josefkubes  | Megapixl.com

Raiz Invest Ltd (ASX:RZI)

A millennial-focused investing app, Raiz provides financial services and products through its micro-investing platform. The stock has given a negative year-to-date return of over 5%. In the past year, the stock delivered over 33% return.

Sapphire Portfolio, which constitutes one of Raiz’s investment options, includes a 5% target allocation to Bitcoin.

Fatfish Group Ltd (ASX:FFG)

The firm invests in internet and technology businesses. The company seeks to facilitate the growth of businesses through seed funding and expanding their scale of operations globally.

The stock has given a year-to-date return of 12%. In the past year, the stock delivered over 86% return.

Fatfish Group has investments in the cryptocurrency and blockchain ventures namely Minerium and Kryptos-X.

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