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Top 3 Crypto Stocks For November

Top 3 Crypto Stocks For November
Written by
Dawson Ignatieff
Dawson Ignatieff
Published on
November 12, 2024
Read time
3
 min read

Trump's Victory Spirals a SAVAGE Crypto Bull Market: Our Top 3 Crypto-Backed Stock Picks

The recent re-election of Donald Trump has sent us into full bull mode, especially in the Crypto sector and space. Investors are flocking to crypto assets and related stocks, due to Trump's talk of Crypto favourable policies and a pro-business environment. So, here are our top three stock picks to ride this wave.

1. Neptune Digital Assets (TSXV: NDA.V / OTCQB: NPPTF)

Disseminated on behalf of Neptune Digital Assets Corp

Neptune Digital Assets operates akin to an investment fund for cryptocurrency assets, with its value appreciating alongside its crypto holdings. The company generates cash flow through staking, Bitcoin mining, and managing blockchain nodes. With $60 million in assets and zero debt, Neptune reported a comprehensive net income of $24 million in July.

Neptune Digital Assets (TSXV: NDA.V / OTCQB: NPPTF) trades at peanuts compared to its main competitor - Sol Strategies (CSE: HODL) which has seen its stock soar from $0.26 to $2, putting it at double Neptune's valuation despite holding 3x fewer assets. 

Neptune offers exposure to a diversified portfolio, including Solana (SOL), Bitcoin (BTC), Ethereum (ETH), Cosmos, and even SpaceX. Historically, Neptune's stock has experienced significant gains following Bitcoin's all-time highs, suggesting potential for substantial appreciation in the near term.

For investors seeking to leverage the crypto bull run, Neptune is an excellent choice to get exposure without all the intricacies of the Crypto Markets. Almost like a Hedge Fund with experienced Crypto Managers strategically managing everything for you - placing you at the forefront of the revolution without having to go through the dreading & unregulated process of investing in coins themselves. 

2. Spirit Blockchain Capital (CSE: SPIR/ OTC: SBLCF )

Spirit Blockchain Capital is one of our largest holdings as they have been on a generation run after it recently acquired Dogecoin Portfolio Holdings Corp., making it the first publicly traded proxy to Dogecoin (DOGE). 

This strategic move has propelled Spirit's stock up 200% this week on crazy high trading volumes. The acquisition positions Spirit to capitalize on Dogecoin's growing popularity, especially amid speculation of DOGE's integration into Elon Musk's X platform for payments.

With influential figures like Elon Musk and Donald Trump expressing support for cryptocurrencies, Dogecoin is up 100% this past month. 

Spirit's strategic positioning within the DOGE ecosystem offers investors a unique opportunity to participate in the rapidly growing DOGE ecosystem from a business perspective.

3. Sol Strategies (CSE: HODL)

Sol Strategies focuses on investing in the Solana blockchain ecosystem, operating validator nodes to earn rewards in SOL tokens. By staking SOL and running validators, the company supports the Solana network while generating additional SOL tokens based on performance and the total amount staked. Investors can gain exposure to Solana's high-speed, low-cost blockchain through Sol Strategies' stock.

Solana's average block time of just 400 milliseconds enables near-instant transaction finality, attracting over 10,000 active developers and boasting over $8 billion in Total Value Locked (TVL) within its DeFi ecosystem. Sol Strategies' strategic investments and participation in staking position it to benefit from Solana's robust growth.

Despite the similarities to Neptune Digital Assets and lesser assets and high valuation, we still have it on our list due to the massive momentum it has generated these past few months (+300% this month). 

Conclusion

After a big Trump win, the tides have turned in the Crypto space. There is still fun to be had by us Trad-fi investors within crypto-backed stocks. Amid the massive surge in these stocks, we narrowed down our top 3 and landed on 

#1 $NDA.V / $NPPTF 
#2 $SPIR.CN / $SBLCF
#3 $HODL.CN

____________________________________________________________________________

Disclaimer

This article is for informational and entertainment purposes only and should not be considered as financial or investment advice. VHLA Media and its affiliates are not registered investment, legal, or tax advisors. All investments carry risk, including the loss of principal, and past performance is not indicative of future results. We encourage readers to do their own research and consult with a financial advisor before making any investment decisions.

VHLA Media owns shares in Spirit Blockchain Capital (SPIR) and may benefit from any increase in its share price. Additionally, Neptune Digital Assets (NDA) is a client of VHLA Media. We have received compensation from NDA for creating video and editorial content related to their business. This relationship could create a conflict of interest and should be taken into account when considering our coverage of NDA.

The views expressed in this article are solely those of VHLA Media’s editorial team and do not constitute an endorsement or recommendation of any investment.

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