3 Canadian Crypto Stocks To Watch In Q2 2021

3 min read | April 13, 2021 10:39 AM EDT | By Anuj

Source: TeeStocker, Shutterstock

The cryptocurrency market has been witnessing the best quarter ever and seem to have several reasons to celebrate. Bitcoin, which has been soaring to new heights this year, recoded yet another milestone by breaching its all-time early Tuesday morning, April 13. On the other hand, crypto exchange platform Coinbase is all set to go public on the Nasdaq on Wednesday, which the Wall Street analysts expect to be a US$ 100-billion listed company.

While Bitcoin has already crossed the U$ 63,000-mark, Ethereum also registered a record high of US$ 2,221.15 on Tuesday. Hence, crypto stocks could also extend their price rally.

Here are three Toronto Stock Exchange Venture (TSXV)-listed digital asset stocks you can explore in the second quarter of 2021.

Neptune Digital Assets Corp (TSXV:NDA)


The Vancouver-headquartered company develops and manages digital currency platforms and assets. It also invests in blockchain technologies and cryptocurrencies to boost its profitability.

Neptune and Link Global Technologies Inc (CSE:LNK) has introduced a joint venture (JV) company, Pure Digital Power Corp, to generate clean power for bitcoin mining. The digital asset stock jumped as much as 56 per cent on Monday on the back of this JV partnership announcement.

Neptune stock has zoomed 1,540 per cent in the past one year and delivered over 343 per cent returns year-to-date (YTD). It is currently trading at a fresh 52-week high of C$ 1.64 per share. At its previous closing price, the stock’s simple moving averages (SMAs) indicated a bullish movement, as per EODHD/Others data.  

Banxa Holdings Inc (TSXV:BNXA)


Cryptocurrency gateway firm Banxa Holdings provides its platforms to other crypto industry players. It also offers fully compliant blockchain-powered payment and exchange options.

Currently priced at C$ 7.12, the blockchain stock has exploded by approximately 4,259 per cent this year, led by the crypto boom. It soared to a 52-week high of C$ 8.3 on March 18, 2021, from a 52-week low of C$ 0.9 on January 6, 2021.

At the last closing price, Banxa shares were moving ahead by 396 per cent from its 200-day SMA, indicating a long-term growth trend, as per EODHD/Others.

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Bitfarms Ltd (TSXV:BITF)


Crypto network service provider Bitfarms Ltd operates through its decentralized financing platform and deals in Bitcoin, Ethereum, Bitcoin Cash, etc. Its previous close share price was C$ 6.36.

The cryptocurrency harvester has swelled as much as 154.4 per cent YTD and recorded a massive return of over 1,345.45 per cent in the past one year. However, Bitfarms stock dipped by nearly 32 per cent against its record high of C$ 9.34 per common share (February 22, 2021).

The company has continuously been expanding its cryptocurrency mining operations on the back of a rising digital asset demand among Canadians.


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