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Next bullish stock: Marathon Patent Group ($MARA).
I believe this stock has massive potential and could run up to 300-1000% in the next year alone.
SUMMARY:
-Cryptocurrency mining company
-Generally runs w/ Bitcoin ($BTC)
-Beautiful chart with gapping potential
-Low floater
I believe this stock has massive potential and could run up to 300-1000% in the next year alone.
SUMMARY:
-Cryptocurrency mining company
-Generally runs w/ Bitcoin ($BTC)
-Beautiful chart with gapping potential
-Low floater
Before I start, major credit goes to @yatesinvesting and @RadioSilentplay for their research and insight on $MARA, which I used in part while writing this thread. Those two were early and strong proponents of MARA are MUST-FOLLOWS for any aspiring trader learning how to trade.
Okay, so... $MARA:
What is MARA? A crypto-currency mining company based in Las Vegas.
What do crypto miners do? Well, they mine crypto-currency, of course. Here's a nice summary from Investopedia: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/
What's the main crypto-currency company? Bitcoin ($BTC)!
What is MARA? A crypto-currency mining company based in Las Vegas.
What do crypto miners do? Well, they mine crypto-currency, of course. Here's a nice summary from Investopedia: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/
What's the main crypto-currency company? Bitcoin ($BTC)!
So why is $MARA a solid play? Well, mainly because Bitcoin is such a solid play. Because $MARA's focus is mining crypto-currency, it only makes sense that they move in tandem with the world's most popular crypto-currency, Bitcoin! (Sorry Dogecoin, we still love you anyway!)
Alright, now the important part.
$BTC recently underwent its third "halving" in its short history, cutting the supply of un-mined Bitcoin in half. With the uncovered supply of BTC cut in half, simple laws of supply and demand kick in: less supply + same demand= higher price.
$BTC recently underwent its third "halving" in its short history, cutting the supply of un-mined Bitcoin in half. With the uncovered supply of BTC cut in half, simple laws of supply and demand kick in: less supply + same demand= higher price.
So how has the Bitcoin "halving" affected $BTC's price in the past? Well...... let's just say the BTC "Halvenings" have been very kind to BTC investors: https://twitter.com/rektcapital/status/1218127798847578112?s=20
So where does $MARA come in? MARA is a Bitcoin miner; essentially, $BTC miners can obtain Bitcoin without actually paying for the coins by completing mining "blocks," which are a series of complicated transactions that reward the miner with BTC after successful block completion.
$MARA uses its own proprietary software and hardware to mine $BTC and other crypto-currency. MARA currently operates one mining facility in Quebec, but plans to open more facilities in the future. Since May 2020, MARA has purchased 2,360 mining machines, and expects to have....
... all 2,360 machines operational by August. More mining machines means $MARA is able to mine $BTC at a much faster, more efficient pace, thus increasing the company's profits and its overall value.
MARA is one of only a few publicly-traded CC-mining companies in the US.
MARA is one of only a few publicly-traded CC-mining companies in the US.
With lower supply and sustained demand for $BTC on the open market, $MARA and other BTC-mining companies will continue to rise in value along with the price of BTC. If BTC follows its past post-halving trends, it could reach a staggering $400k/coin! https://beincrypto.com/bitcoin-will-reach-400000-after-halving-history-dictates/
So what kind of potential does $MARA have?
According to its chart, A LOT. The current MA50 is almost $11, roughly a 1000% increase from MARA's current trading price of $1.10.
Once BTC hits the "breakout" zone, MARA should follow suit.
*Charts by @RadioSilentplay
According to its chart, A LOT. The current MA50 is almost $11, roughly a 1000% increase from MARA's current trading price of $1.10.
Once BTC hits the "breakout" zone, MARA should follow suit.
*Charts by @RadioSilentplay
The $MARA chart is just bursting with breakout potential. Look how little resistance there is en route to that stellar MA50 price.
Pair that with MARA's low float, and you have a recipe for a textbook parabolic runner.
Pair that with MARA's low float, and you have a recipe for a textbook parabolic runner.
I firmly believe $MARA could be one of this year's best hidden gem plays. There are just too many reasons for MARA to run hard this year.
MARA will require patience. It won't be a short-term swing; it will likely be a long-term hold. But it will definitely pay off!
MARA will require patience. It won't be a short-term swing; it will likely be a long-term hold. But it will definitely pay off!
