Crypto stocks to look out for in 2022

According to research by the analyst, Brian Bedell, a huge majority of respondents in the cryptocurrency sector intend to grow their cryptocurrency usage

FREMONT, CA: In a broad-based end-of-year study looking at market patterns until 2022, Deutsche Bank included a section on crypto, which yielded some fascinating results. According to research by the analyst, Brian Bedell, a huge majority of respondents in the cryptocurrency sector intend to grow their cryptocurrency usage, which amounts to 70 percent or higher whether trading, investing, or transacting. Given the conclusion, that 60 percent agree that cryptocurrencies have some form as a store of value, which has been a source of discussion as the product has gained more acceptability. There are a lot of companies involved in the crypto mania, and most investors may get into crypto through the stock market.

Stronghold, a bitcoin mining firm, bases its power consumption – which is always significant in bitcoin mining – on a environmentally advantageous coal refuse power generation facility, earning it a Tier II alternative energy system designation in Pennsylvania. Stronghold claims to be employing 21st-century bitcoin mining and energy technology to help clean up past environmental problems.

Stronghold made its initial public offering (IPO) in October, 2021. The corporation issued 6.68 million shares at a price of 19 dollars each, which was more than the estimated range of 16 dollars to 18 dollars. Instead of the 90 million dollars expected, the IPO raised more than 127 million dollars. On October 20, 2021, trading commenced, and the stock closed above 28 dollars that day. Since then, it has dropped by 61 percent. 

Silvergate is a California-based commercial bank that specializes in providing financial services to the digital currency industry. Silvergate has a 21-year track record of profitability and a market capitalization of 4.7 billion dollars. The company's customer base includes over 1,300 digital currency and fintech companies. Total digital currency customers increased from 1,224 in the second quarter to 1,305 in the third, with average digital currency customer deposits increasing from 9.9 billion dollars to 11.2 billion dollars.