The growth in the cryptocurrency space over the course of the past half a decade or so has been nothing short of remarkable and it is almost certainly going to go on for the foreseeable future. Naturally, there are now plenty of listed companies that are working in the cryptocurrency sector and there are plenty of investors who are now hunting for opportunities in the cryptocurrency sector.
However, that is not the only thing that investors ought to keep in mind with regard to the cryptocurrency sector. The emergence of the Metaverse sector has also added another whole dimension to the cryptocurrency sector due to the possibility of the range of uses that cryptocurrency tokens might be in demand for.
Experts have suggested that the Metaverse could eventually balloon into an industry worth as much as $800 billion and hence, it can only be good news for the cryptocurrency sector as well. Nowadays, there are a wide range of companies that are engaged in different aspects of the cryptocurrency ecosystem.
As per the report, Walmart might be venturing into the metaverse world with its own cryptocurrency and collection of non-fungible tokens, or NFTs.
Some of the companies are involved in cryptocurrency mining, while others are involved in supplying mining equipment and there are other firms that are involved in the crypto exchange industry. There are many other firms performing myriad roles. There is a wide range of choices depending on your risk tolerance and the sort of niche in the crypto sector you are looking into. Here is a look at four crypto stocks that you could consider tracking at this point.
1. The Graystone Company (OTCMKTS:GYST)
The first one to look into is The Graystone Company, which has emerged as one of the more notable names in the cryptocurrency mining sector. The company is mainly involved in the Bitcoin mining space and is determined to grow its capacity considerably in the coming years. However, at the same time, it is also necessary to note that The Graystone Company is also looking into the possibility of entering the Metaverse space.
The company announced earlier in the month that it was actively looking into possible opportunities in the Metaverse. It was also noted that in the upcoming weeks, The Graystone Company is going to work on picking up the virtual property from either Decentraland or Sandbox or both. The company also stated that it could mine Metaverse tokens like SAND and MANA once it starts working in that industry.
2. Epazz Inc (OTCMKTS:EPAZ)
While it is true that Epazz Inc is primarily a cloud-based software firm, it should not be ignored that like many other innovative companies, it has also decided to move into the crypto space. The company is involved in providing cryptocurrency blockchain mobile apps.
Last month on December 21, 2021, the company announced that the ZenaPay Blockchain Bitcoin wallet that it had developed was also going to include the option of adding debit cards or credit cards to the wallet of the user. It was a significant announcement from the company and something that could make its ZenaPay Blockchain Bitcoin wallet a significantly more attractive proposition for many consumers. It is expected to prove to be a significant upgrade on the ZenaPay Wallet that is currently in use. Investors looking into crypto stocks could do well to keep track of Epazz.
3. Vortex Brands Co (OTCMKTS:VTXB)
Like The Graystone Company, Vortex Brands Co is also primarily known for being involved in Bitcoin mining. However, there’s some difference. It conducts its business as a holding company and has interests in the wider crypto sector as well. Earlier in the month, the company had submitted its financial results for the quarter ended November 30, 2021.
The Bitcoin mining operations had actually commenced back on September 21 last year and continued up until November 30, 2021. The mining operations managed to generate a profit of as much as $24388. In addition to that, it should also be noted that Vortex also bought mining equipment for as much as $110000 during the quarter.
4. ISW Holdings Inc (OTCMKTS:ISWH)
Last but certainly not least, it is the ISW Holdings Inc stock that could be on the watch lists of several investors this year who may be looking into cryptocurrency stocks. The company is based out of Nevada and although it is a diversified company with a range of interests, it is also involved in the crypto space nowadays.
Last month on December 26, 2021, the company’s Chief Executive Officer had gone on The Stock Day Podcast for an interview. At the interview, he had stated that he expected that the company was going grow significantly in 2022 and record major growth in revenues.