Markets

Insider Trading

Hedge Funds

Retirement

Opinion

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.

Follow Bitdeer Technologies Group (NASDAQ:BTDR)

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.

Follow Hive Digital Technologies Ltd. (NASDAQ:HIVE)

3. Iris Energy Limited (NASDAQ:IREN)

Average Price Target as of March 22: $10.83

Average Upside Potential as of March 22: 110.70%

Number of Hedge Fund Holders: 13

Iris Energy Limited (NASDAQ:IREN) is involved in sustainable cryptocurrency mining by operating Bitcoin mining data centers that are powered by renewable energy. On March 15, B. Riley lowered the price target on Iris Energy Limited’s (NASDAQ:IREN) stock to $9.50 from $10 and maintained a Buy rating on the shares.

In the fourth quarter of 2023, 13 hedge funds held positions in Iris Energy Limited (NASDAQ:IREN) worth $51.732 million. This is compared to 8 funds’ positions in the preceding quarter worth $21.008 million. As of Q4 of 2023, Kerr Neilson’s Platinum Asset Management is the top shareholder in the company and has a position worth $18.07 million.

In the past three months, Iris Energy Limited (NASDAQ:IREN) has received Buy ratings from 6 Wall Street analysts. As of March 22, the average price target of $10.83 has an upside of 110.70% from current levels.

Follow Iren Ltd (NASDAQ:IREN)

2.  Bit Digital, Inc. (NASDAQ:BTBT)

Average Price Target as of March 22: $5.25

Average Upside Potential as of March 22: 122.46%

Number of Hedge Fund Holders: 7

Bit Digital, Inc. (NASDAQ:BTBT) is involved in the bitcoin mining business and has mining operations in Canada, Iceland, and the US. Over the past 3 months, Bit Digital, Inc. (NASDAQ:BTBT) has received Buy ratings from 2 Wall Street analysts. The average price target of $5.25 has an upside of 122.46% from the last price of $2.36 as of March 22.

On March 18, Bit Digital, Inc. (NASDAQ:BTBT) reported earnings for the fiscal year 2023. The company reported a non-GAAP EPS of $0.12. In the quarter, the revenue surged 39.0% year-over-year to $44.9 million, which beat the analysts’ estimates by $4 million.

In the fourth quarter of 2023, hedge fund sentiment was positive toward Bit Digital, Inc. (NASDAQ:BTBT). In the quarter, 7 hedge funds held positions in the company, and their stakes amounted to $12.044 million. This is compared to 4 funds in the third quarter, with positions worth $217,541. As of December 31, 2023, Israel Englander’s Millennium Management is the largest shareholder in the company and has a position worth $5.166 million.

Follow Bit Digital Inc (NASDAQ:BTBT)

1. Bakkt Holdings, Inc. (NYSE:BKKT)

Average Price Target as of March 22: $1.38

Average Upside Potential as of March 22: 150.9%

Number of Hedge Fund Holders: 10

Bakkt Holdings, Inc. (NYSE:BKKT) is a tech company that offers its customers services in the digital economy sphere, like selling, buying, and storing crypto, as well as converting portions of their investments into crypto. The company’s solutions include Crypto Connect, Crypto Rewards, Crypto Payouts, and more.

Bakkt Holdings, Inc. (NYSE:BKKT) tops our list of crypto stocks with the biggest upside. In Q4 of 2023, 10 hedge funds held positions in Bakkt Holdings, Inc. (NYSE:BKKT), and their total stakes amounted to $7.846 million. 

Bakkt Holdings, Inc. (NYSE:BKKT) was covered by 2 Wall Street analysts over the past three months. The average price target of $1.38 implies an upside of 150.9% from the present levels, as of March 22.

Follow Bakkt Inc. (NYSE:BKKT)

You can also look at the 14 Best Climate Change Stocks To Buy According to Hedge Funds and the 12 Best Biotech Penny Stocks to Invest In.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s what to do next:

1. Subscribe to our Premium Readership Newsletter for just $9.99 a month. (33% Off – was $14.99).

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

<b>Cancel anytime.</b> Turn off auto-renewal via our website with just a click.

 

Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

This exclusive offer is for NEW newsletter subscribers ONLY! Join our Premium Readership Newsletter for only $0.99 and become part of a savvy investor community.!

This offer vanishes in 7 days, so don’t miss your chance to lock in market beating returnsSign up NOW! The monthly newsletter comes with a 30-day, no-risk money-back guarantee. This offer is available to the first 1000 new investors who respond.

Regular price $9.99/mo. Cancel anytime.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Regular price $9.99/mo. Cancel anytime.