5 Crypto Stocks with Biggest Upside

4. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Average Price Target as of March 22: $6.17

Average Upside Potential as of March 22: 106.01%

Number of Hedge Fund Holders: 6

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is involved in mining and selling various cryptocurrencies, including Ethereum Classic, Bitcoin, and other coins. It boasts of operating a green energy-powered blockchain infrastructure as it has operations in cooler regions, namely Iceland and Sweden. 

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) was part of 6 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $7.760 million. This is compared to 6 funds with positions worth $3.031 million in the preceding quarter.

On March 6, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported its unaudited production figures for February 2024. In the month, the company mined 200 Bitcoin and increased its HODL position by 10% to 2,131 BTC.

In the past three months, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has received Buy ratings from 2 Wall Street analysts. As of March 22, the average price target of $6.17 has an upside of 106.01% from current levels.

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