5 Beaten-Down Blockchain Stocks That Look Attractive

The Canadian Blockchain stocks on our list have been shaken by recent volatility

SmallCapPower | January 19, 2018: Cryptocurrencies have been very volatile over the past few months. Particularly, the recent downward pressure has shocked the crypto markets. For example, Bitcoin is down 17% since January 1, while Ethereum is up 43% in the same period. The Canadian Blockchain stocks on our list have been particularly affected by the instability, dropping 21% on average. If cryptocurrencies recover and/or snap back, these stocks could appreciate substantially.

eXeBlock Technology Corp. (CSE:XBLK) – $0.71
Financial & Commodity Market Operators & Service Providers

eXeBlock is a Canada-based software company. The Company specializes in decentralized applications of Blockchain technologies, as opposed to most Blockchain technologies, which are centrally controlled. XBLK offers Blockchain consulting, application development, and new Blockchain development.

  • Market Cap: $43.6 Million
  • YTD Total Return: -24.5%
  • 4 Month Total Return: -49.3%

360 Blockchain Inc. (CSE:CODE) – $0.20
Investment Management & Fund Operators

360 Blockchain looks for early-stage investment opportunities in the Blockchain space. The Company focuses on investments with Blockchain applications in e-sports, human resources, Internet of Things, and consumer loyalty programs. On January 17, CODE completed its acquisition of SV Crytolab, a Blockchain enthusiasts meeting location and cryptocurrency mining site.

  • Market Cap: $30.6 Million
  • YTD Total Return: -21.6%
  • 4 Month Total Return: 166.7%
  • 52 Week Total Return: 300.0%

Fintech Select Ltd. (TSXV:FTEC) – $0.29
Wireless Telecommunications Services

Fintech Select provides pre-paid card programs and mobile banking solutions to clients, and has recently incorporated Blockchain technologies onto its existing platforms. The Company created Selectcoin, a cryptocurrency platform that enables existing point of sale terminals to act as cryptocurrency exchanges. Selectcoin is now in the process of activating in retail locations across Canada.

  • Market Cap: $18.3 Million
  • YTD Total Return: -20.8%
  • 4 Month Total Return: 50.0%

Calyx Bio-Ventures Inc. (TSXV:CYX) – $0.23
IT Services & Consulting

Calyx Bio-Ventures offers a software platform designed to improve efficiency and effectiveness of indoor agriculture operations. The Company serves clients in a variety of industries, including licensed producers of medical marijuana. The Company’s wholly-owned subsidiary, Canada Blockchain Holdings Corp., earned US$50,000 in its first month of operation and plans to acquire an additional 100 mining machines.

  • Market Cap: $19.7 Million
  • YTD Total Return: -19.3%
  • 4 Month Total Return: 360.0%

GoldMoney Inc. (TSX:XAU) – $5.25
Online Services

GoldMoney offers precious metals custody services along with a precious metals trading platform (called GoldMoney Holding) that allows for easy access to investment in commodities such as gold, silver, platinum and palladium. The Company also plans to integrate cryptocurrencies onto its existing platform.

  • Market Cap: $401.0 Million
  • YTD Total Return: -16.3%
  • 4 Month Total Return: 45.0%

Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.

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