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Marijuana stocks have exploded in 2019, but to what extent do top performers match the main cryptocurrencies?
We often hear about comparisons between marijuana stocks and cryptocurrencies. Be that as it may, these are promising investments for the moment, but in light of a special day, determine which of these industries has had better results in 2019.
Top performing marijuana stocks
Some major stocks of marijuana doubled in 2019, providing investors with lucrative gains.
The Cronos Group (NASDAQ: CRON) has so far recorded a return of more than 107% in 2019. It has attracted a lot of attention this year when it announced that the Altria group, of the cigarette sector, would buy a 45% stake in the company for $ 1.8 billion.
CannTrust Holdings (NYSE: CTST) has also been a popular stock in the world of marijuana with a jump of more than 103% this year. They stalled because of their concentration on cannabis oil extracts.
HEXO (NYSEMKT: HEXO) is another cannabis stock that has doubled since the beginning of 2019. The Canadian company has significantly increased its production capacity in this fast-growing market.
S & # 39; stacking
It seems at first sight that marijuana stocks are a little better than the cryptocurrency market. Although many have doubled in value in the first quarter of 2019, cryptocurrencies are not far behind.
Binance Coin (BNB), for example, is one of the biggest winners of 2019, its selling price having been multiplied by more than 4 times since the beginning of the year. Basic Attention Token (BAT) is another major gain, having more than doubled since the beginning of 2019.
Overall, the market has rebounded sharply. Bitcoin is now experiencing a 50% increase since the beginning of 2019. Most major cryptocurrencies have followed.
Most digital currencies recorded gains after Bitcoin (BTC). Therefore, if you invested in early 2019, your digital badets would have probably appreciated at least 50% in value. It also means that marijuana stocks have improved slightly so far in 2019.
Given that the cryptocurrency rally could (hopefully) just begin, crypto-currencies are likely to end much more quickly by the end of 2019. Investors could start hedging against crypto-currencies as early as this year. currencies while monitoring stocks of weeds.
Do you invest in cryptocurrencies or cannabis stocks? Let us know your thoughts in the comments below.
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