Can DeFi Technologies Become the Next Under the Radar Crypto Multibagger?
Investors interested in crypto have been amazed by some of the gains cryptocurrencies and companies in the industry have posted over a short period of time. Companies like Silvergate Capital (NYSE: SI) and Voyager Digital rose 700% and 1800% respectively since last December.
What are the next potential under the radar crypto stocks that could provide early investors with returns like these? Investing in many of these early stage companies is risky and shares will endure high volatility, but it is worth exploring for risk-tolerant investors as part of a well-diversified portfolio. One example is DeFi Technologies (OTC: DEFT.F), which I would compare to an early stage Silvergate.
DeFi Technologies is a digital asset investment firm focused on decentralized finance. It trades over the counter in the United States (meaning it is not listed on a major exchange like the NYSE or the NASDAQ), on the NEO exchange in Canada, and on the Frankfurt Exchange in Germany.
Source Fool.com
