5 Crypto Stocks with Biggest Upside

In this article, we discuss the 5 crypto stocks with the biggest upside. To read the detailed analysis and latest updates around cryptocurrencies, go directly to the 11 Crypto Stocks with Biggest Upside.

5. Bitdeer Technologies Group (NASDAQ:BTDR)

Average Price Target as of March 22: $14.20

Average Upside Potential as of March 22: 98.32%

Number of Hedge Fund Holders: 3

Bitdeer Technologies Group (NASDAQ:BTDR) mines cryptocurrencies and offers cryptocurrency mining solutions to its clients. The company has six mining data centers globally and has a total hash rate of 22 exa hashes per second under management. According to our database, 3 hedge funds held stakes in Bitdeer Technologies Group (NASDAQ:BTDR), with positions worth $2.048 million in the fourth quarter of 2023.

Based on 5 Wall Street analysts’ ratings in the last three months, Bitdeer Technologies Group (NASDAQ:BTDR) has a consensus rating of Strong Buy. The average price target of $14.20 represents an upside of 98.32% from the current levels, as of March 22, and makes it one of the crypto stocks with the biggest upside.

On March 14, Benchmark initiated coverage of Bitdeer Technologies Group (NASDAQ:BTDR) with a Buy rating and a $13 price target. The analyst mentioned that the company has few distinguishing prospects from its peers, like various revenue streams, expansion into AI, and growth potential in its infrastructure with low mining costs.