CGR Insights: Top Analyst Rates Crypto Wallet Stocks ‘Buy’ (HOOD, RGST, COIN, CMPO)

Bitcoin’s trading volume has been ‘muted’ in the past month, which has had an adverse impact on crypto wallet companies.   Some analysts are attributing this to the U.S. tax season, which is why in recent sessions following the April 18th tax deadline the industry is starting to rally.

Needham & Company’s John Todaro joined CNBC’s “TechCheck” to discuss the topic, “That’s likely why we are seeing a little bit of a rally here, I think certainly on the retail side after the tax liabilities were paid, folks are looking to put a little bit more money back into crypto assets.” 

This increase in activity will lead to more investors in crypto wallet stocks as well, evidenced by the rise in trading activity of Robinhood (Nasdaq: HOOD).  The company saw a spike in its valuation after announcing it agreed to acquire London-based fintech crypto app Ziglu to bolster its global expansion.  Ziglu is one of the few crypto companies that has successfully registered with the U.K.’s Financial Conduct Authority.  Robinhood’s revenue from cryptocurrencies jumped 304% to $48 million in the fourth quarter.

Investors searching for more crypto wallet plays to capitalize on the post-tax season rally should start with Everdime Technologies, Inc. (OTCMKTS: RGST).  The company announced Wednesday that its Everdime Mobile Wallet App ‘eDime’ is now in full beta test mode. This exclusive new App features secure access to more than fifty (50) Blockchains, including the popular  Bitcoin, Ethereum, Binance, and Solana platforms.

Everdime Technologies’ novel eDime wallet is supported for Android and IOS devices including fingerprint security access. 

What separates RGST’s technology from many crypto wallets is that it will be integrated into Unity, a game building platform 

Sandor Miklos, Everdime CEO summarizes as follows, “The work that Simon and his team have provided not only gives our users security and confidence to store their cryptocurrencies; but when fully developed, allows them to rent out their customized Avatars and/or form in-game alliances with other players to gain in-play advantages.” 

Everdime Technologies, Inc. (OTCMKTS: RGST) expects the “app to be released to the public on or before June 1.”  

The next catalyst for the crypto market could come from “an easing of geopolitical tensions or a taming of inflation,” according to Todaro.  So investors may want to start researching now before the next big rally in the sector.

Todaro’s firm Needham & Company also has ‘buy’ ratings on crypto wallet stocks Coinbase (NYSE:COIN) and CompoSecure Inc. (Nasdaq:CMPO).

Todaro said “These companies are down to three, four times revenue, so I think these are quite discounted here.”

Make sure to start your research on crypto wallet stocks today. 

Disclaimers:  The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.  Capital Gains Report ‘CGR’ is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. CGR authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR has been compensated three thousand dollars via wire transfer by Compass to produce and syndicate content related to RGST. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.

Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
Country: United States