HIVE Blockchain Technologies (HVBTF) Stock Falls 24% in a Month: A rebound Possible?
The continued growth in the cryptocurrency sector has also brought considerable focus on the stocks of companies that are involved in the sector. One of those is HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF).
However, over the course of the past month, the HIVE stock has struggled and declined by as much as 24%. Not too long ago, it emerged that the company made an investment into the innovative digital asset fund Alpha Sigma Capital. The fund is involved in the blockchain economy and it marks a significant development for HIVE.
It should be noted that Alpha Sigma has made its name for conducting thorough research into companies and assorted decentralized blockchain projects before making an investment. HIVE is the first blockchain infrastructure company that had been publicly listed and the collaboration could prove to be a fruitful one for both entities. It might be a good idea for investors to keep a close eye on the developments with regards to HIVE going forward.