3 Cryptocurrency and Blockchain Stocks That Have Doubled (or More) in 2017 -- Are Any Buys?

3 Cryptocurrency and Blockchain Stocks That Have Doubled (or More) in 2017 -- Are Any Buys?

Cryptocurrency has got to be the biggest financial news story of 2017, thanks to the meteoric rise in prices for the digital currencies that use cryptography for security and operate independently of a centralized bank. The price of bitcoin, the oldest and largest cryptocurrency, has soared 760% so far this year to $9,880, as of Nov. 27. Ethereum, the second-largest crypto, has risen even more.

Though it doesn't make for as sexy headlines, the even bigger story is blockchain. Blockchain is the digital and decentralized public ledger that underlies most cryptocurrencies, and has a potentially wide range of applications in the financial services industry and beyond. 

Investments in the crypto/blockchain space that have more than doubled so far in 2017 include Bitcoin Investment Trust (NASDAQOTH: GBTC), and the stocks of online retailer Overstock.com (NASDAQ: OSTK), and graphics-chip specialist NVIDIA (NASDAQ: NVDA).

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Source: Fool.com