Riot Platforms, Inc. ($RIOT) Stock Forecast: Up 5.1% Today

What is Riot Platforms, Inc.?

RIOT, or Riot Blockchain Inc., is a cryptocurrency mining company that focuses on Bitcoin mining. The company's stock price is closely tied to the performance of Bitcoin in the market.

Why is Riot Platforms, Inc. going up?

RIOT stock is up 5.1% on Jul 5, 2024 19:27

• RIOT had a strong bullish movement today despite the overall bearish trend in Bitcoin's price.
• The dip in Bitcoin's price below $56,000 led to a fall in Bitcoin mining stocks, including RIOT.
• The movement of a large amount of Bitcoin by Mt. Gox from a cold wallet to a new wallet might have caused uncertainty in the market, impacting Bitcoin's price.
• Despite the bearish sentiment in the cryptocurrency market, RIOT's bullish movement could be attributed to specific company-related factors or investor optimism about its future prospects.

RIOT Price Chart

RIOT News

Bitcoin Miner Stocks Fall As Bitcoin Crashes: What''s Going On?

Shares of Bitcoin mining companies, including Marathon Digital Holdings, Inc . (NASDAQ: MARA ) and Riot Platforms, Inc. (NASDAQ: RIOT ), are falling Friday as the price of Bitcoin dips below $56,000. The Details: Bitcoin has fallen nearly 12% over the past five days as investors watch the movement of a large amount of Bitcoin by Mt. Gox from a cold wallet to a new wallet, possibly in preparation for payouts to its creditors . Bitcoin’s open interest has plunged 7% in the last 24 hours. A fall in price combined with a fall in open interest is viewed by some analysts as a good sign because the downtrend might end once all long sellers have closed their positions. Read Next: Coinbase Shares Tumble With Bitcoin: What’s Going On? However, Cryptocurrency analyst Ali Martinez recently expressed concerns that more potential downsides … Full story available on Benzinga.com

https://www.benzinga.com/markets/cryptocurrency/24/07/39647939/bitcoin-miner-stocks-fall-as-bitcoin-crashes-whats-going-on

3 AI Stocks With Explosive Growth Potential to Buy Now

Artificial Intelligence (AI) is here to stay as the range of AI applications expands. Many analysts believe AI growth stocks have plenty more potential. This is despite already generating fabulous returns. Even the more enthusiastic analysts acknowledge that much of how it can be monetized has not been achieved yet. A recent report from Bloomberg Intelligence suggests that Generative AI alone could become a $1.3 trillion business over the next ten years. This implies a 42% compound annual growth rate (CAGR). Demand for large language models, digital ads, and specialized software services are among the applications expected to grow explosively in the medium to long term. Many software companies will likely not see profits from their investments in AI until next year. However, these investments have driven demand in other areas, such as chipmakers, semiconductor manufacturers, data center infrastructure specialists and other service providers. That implies that there are many AI stocks with explosive growth potential, including relatively cheap AI growth stocks that could offer more upside. Here are three such AI growth stocks.

https://investorplace.com/2024/07/3-ai-stocks-with-explosive-growth-potential-to-buy-now/

3 Crypto Stocks to Buy for 100% Returns as Bitcoin Consolidates

Bitcoin (BTC-USD) has been in a consolidation zone after a big rally in the last 12 months. I expect some more consolidation between $60,000 and $70,000 before a fresh rally. It’s therefore a good time to look at some of the best crypto stocks to buy. It’s worth noting that the fed is likely to cut interest rates multiple times in the next 12 to 18 months. Expansionary policies would imply easy money and that’s the first catalyst for Bitcoin trending higher. Of course, with limited supply, the blue-chip crypto will trend higher on wider adoption of digital assets. Further, the current bull market for cryptocurrencies is far from being over. Peter Brandt is a well-known technical analyst and believes that Bitcoin’s ongoing bull market will peak at $200,000. This is likely to translate into multi-bagger returns for some of the best crypto stocks. Let’s therefore discuss three crypto stocks to buy that can surge by 100% in the next 12 months.

https://investorplace.com/2024/07/3-crypto-stocks-to-buy-for-100-returns-as-bitcoin-consolidates/

3 Low-Priced Stocks With 100%+ Upside Potential

Low-priced stocks with upside are increasingly hard to find as top-performing mega-caps edge ever closer to overvaluation. As seen with Nvidia (NASDAQ:NVDA) recently, even moderate underperformance can be devastating when much of the wider market hinges on continued momentum. At the same time, many are increasingly nervous as economic conditions don’t seem as rosy as most agencies report, forcing investors not staking capital on mega-caps to generally keep their cash in reserve and reap the rewards of high interest rates offering decent yield with limited risk. However, if we broaden our definition, a handful of low-priced stocks with upside are still available. In some cases, these stocks are purely undervalued despite high per-share pricing. In other instances, they fall within penny stock territory without the usual risks. The ideal low-priced stocks with upside are those priced low enough that buying a handful of shares won’t break the bank while also offering significant undervaluation based on current fundamentals or projected future performance.

https://investorplace.com/2024/07/3-low-priced-stocks-with-100-upside-potential/

What's Going On With Marathon Digital, Riot Platforms Shares Today? - Marathon Digital Holdings ( NASDAQ:MARA )

Bitcoin BTC/USD mining stocks Marathon Digital Holdings Inc MARA and Riot Platforms Inc RIOT are pulling back Tuesday after rising on Monday as bitcoin bounced back from recent lows. Here's what investors should know.

https://www.benzinga.com/markets/cryptocurrency/24/07/39603139/whats-going-on-with-marathon-digital-riot-platforms-shares-today

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Riot Platforms, Inc. Price History

03.06.2024 - RIOT Stock was down 5.1%

• RIOT experienced a bearish movement likely due to the pullback in Bitcoin mining stocks like Marathon Digital Holdings Inc (MARA) after a recent rise in Bitcoin prices.
• The decrease in selling volume by Bitcoin miners, as indicated by on-chain data, could have resolved concerns but might have also led to profit-taking in related stocks like RIOT.
• The overall negative sentiment towards tech stocks, with warnings to dump certain companies, could have influenced traders to sell off RIOT as part of a broader tech stock tumble.
• Despite the bearish movement, the potential for RIOT to bounce back remains if Bitcoin prices continue to rise and short-squeeze opportunities materialize in the market.

02.06.2024 - RIOT Stock was up 5.8%

• Riot Blockchain, Inc. is a cryptocurrency mining company involved in the Bitcoin ecosystem. Today, the stock had a strong bullish movement.
• Riot Blockchain's bullish movement can be attributed to the diminishing selling volume from Bitcoin miners, indicating a potential rally in the cryptocurrency market.
• The upcoming presidential debate, with topics like cryptocurrencies being focal points, could have positively influenced RIOT's stock.
• As tech stocks face challenges and some investors look for alternative investments, RIOT's focus on cryptocurrency mining could be seen as a lucrative opportunity, driving its bullish movement.
• The overall positive sentiment towards growth stocks and long-term investment potential might have also contributed to the bullish movement in RIOT's stock.

01.06.2024 - RIOT Stock was up 5.0%

• RIOT's positive performance was possibly influenced by the upcoming presidential debate between Biden and Trump, where discussions on cryptocurrencies are anticipated. Trump's support for cryptocurrency may have had a favorable impact on RIOT's stock.
• Despite the general positive market sentiment, certain tech stocks are struggling due to disappointing earnings. RIOT's strong showing amidst this trend suggests resilience and growth potential in the cryptocurrency field.
• Investor interest in lesser-known AI stocks that could challenge major players like Nvidia might have indirectly affected RIOT, as individuals explore opportunities in high-growth emerging technologies.
• Emphasis on growth stocks that are projected to surpass market performance until 2028 could have also boosted investor confidence in RIOT, positioning it as a promising long-term investment in the evolving digital asset sector.

21.05.2024 - RIOT Stock was down 9.8%

• The recent increase in penny stocks and meme stock excitement possibly led investors away from traditional cryptocurrency-focused companies like RIOT.
• Investors' attention seemed to shift towards growth stocks with strong future buy ratings, potentially impacting interest in RIOT.
• Reports of Riot Platforms expanding its stock offerings and revising executive severance terms might have prompted concerns about the company's leadership stability and future direction.
• The surge in positive sentiment towards meme stocks priced under $10 for quick profits may have attracted traders away from RIOT, which does not fall into the meme stock category.

20.05.2024 - RIOT Stock was down 5.1%

• Today's bearish movement in RIOT may be linked to the general market sentiment towards cryptocurrency-related stocks.
• The upsurge in penny stocks and meme stocks, along with the focus on growth stocks with strong buy ratings, could have diverted investor interest away from RIOT.
• The absence of RIOT in discussions about overlooked and undervalued stocks under $10 may have diminished investor engagement in the company.
• The emphasis on meme stocks under $10 expected to double in a short period might have prompted investors to reallocate their investments to riskier opportunities, influencing RIOT's stock price negatively.

17.05.2024 - RIOT Stock was up 5.6%

• RIOT stock surged as the company doubled down on its stake in Bitfarms, a rival Bitcoin miner, increasing its ownership to 14%.
• The market reacted positively to RIOT's aggressive takeover bid and increased stake in Bitfarms, signaling confidence in the company's growth strategy.
• Investors may view RIOT's move as a strategic play to strengthen its position in the competitive cryptocurrency mining industry, leading to a bullish market movement for the stock.
• The news of RIOT's increased stake and potential governance changes at Bitfarms likely contributed to the bullish sentiment surrounding RIOT stock today.

13.05.2024 - RIOT Stock was up 6.3%

• RIOT saw a notable upward momentum in the market today.
• This bullish trajectory is influenced by the positive overall industry sentiment surrounding blockchain, bolstered by various factors such as:
• Public support for Bitcoin mining, notably highlighted by recent events involving Trump, leading to an upsurge in related equities like RIOT.
• Increasing credibility and interest in blockchain technology, drawing in more investors towards blockchain-related stocks like RIOT.
• Strategic maneuvers by blockchain enterprises, including Riot Platforms revealing corporate financial details and presenting a significant acquisition proposition.
• The resistance from Bitfarms against RIOT's acquisition bid could have also impacted market dynamics, hinting at potential growth opportunities and competitive dynamics in the sector.

12.05.2024 - RIOT Stock was up 10.3%

• The bullish movement in RIOT stock today could be attributed to the overall positive sentiment in the cryptocurrency market, particularly Bitcoin.
• Discussions around Trump's interest in Americanizing Bitcoin and optimistic price targets for Bitcoin could have contributed to the bullish momentum in RIOT.
• RIOT's comments on Bitfarms' adoption of a shareholder-unfriendly poison pill may have also positioned RIOT favorably in the eyes of investors, leading to increased buying interest.
• Trump's support for Bitcoin miners and the overall positive outlook on the cryptocurrency industry could have further fueled investor confidence in RIOT's future prospects, driving the stock price higher.

12.05.2024 - RIOT Stock was up 12.9%

• RIOT stock surged due to the bullish sentiment in the cryptocurrency market, particularly Bitcoin.
• Trump's interest in Americanizing Bitcoin and supporting miners could have boosted confidence in the crypto industry, benefiting companies like RIOT.
• The adoption of a shareholder rights plan by Bitfarms might have redirected investor attention towards RIOT as a more favorable investment option.
• Positive projections for Bitcoin reaching $100,000 by industry experts and the overall optimism in the crypto sector likely contributed to the upward momentum of RIOT stock.

11.05.2024 - RIOT Stock was down 5.3%

• RIOT's stock faced a downward trend following a pullback in Bitcoin's price, impacting other mining companies as well.
• The mention of a potential hostile takeover by Bitfarms and the introduction of a shareholder rights plan by Bitfarms to resist RIOT's takeover may have introduced uncertainty and negative market sentiment concerning RIOT's stock.
• Marathon Digital's reduction in Bitcoin production in May and a critical report on Riot Platforms by Kerrisdale Capital could also have played a part in the decline of RIOT's stock value.
• In summary, various negative developments related to Bitcoin's price, possible takeover attempts, and declining production levels across the Bitcoin mining industry likely contributed to RIOT's stock downturn.

07.05.2024 - RIOT Stock was up 5.9%

• RIOT stock experienced a strong bullish movement today, likely driven by the overall positive sentiment in the cryptocurrency market and the increasing demand for Bitcoin mining infrastructure.
• The appointment of Stephen Howell as the new COO of Riot Platforms could have also contributed to the bullish sentiment, signaling potential strategic developments within the company.
• Despite a short position taken by Kerrisdale Capital and their criticism of RIOT's business model, the bullish options activity on RIOT suggests that a majority of traders remain optimistic about the company's future prospects.
• Overall, the bullish trend in RIOT's stock price today may be attributed to the positive outlook on the cryptocurrency market, coupled with strategic announcements within the company, outweighing the short-selling concerns raised by Kerrisdale Capital.

06.05.2024 - RIOT Stock was up 8.5%

• RIOT experienced a bullish market sentiment as major financial players displayed optimism, with a majority of traders favoring the company.
• Despite facing shorting pressure, RIOT acquired a substantial stake in competitor Bitfarms, showcasing their confidence in the cryptocurrency mining industry.
• By investing in Bitfarms and indicating plans for board expansions, RIOT is strategically positioning itself for growth in the competitive Bitcoin mining sector.
• While Kerrisdale Capital initially expressed skepticism about RIOT's crypto mining involvement, positive developments and strategic investments by RIOT have overshadowed any doubts.