The cryptocurrency market has posted a lackluster performance over the past few days, despite the U.S. Federal Reserve’s rate cut. The move was expected to boost risk assets, but trading activity has stayed muted, leaving markets flat as the new week begins.
Amid this, some crypto stocks could still stand out with potential gains this week, supported by ecosystem developments. Here are three stocks to watch:
VivoPower International PLC (VVPR)
SponsoredVivoPower International shares closed Friday’s trading session at $4.83, down 4.45% that day. Despite the dip, VVPR could record gains this week due to significant developments in VivoPower’s crypto-forward strategy.
On September 18, the company announced a partnership with Confirmo, a leading global stablecoin payment platform. This collaboration will enable VivoPower to process employee payments via stablecoins. The initiative is also positioned as a foundation for broader treasury and B2B payment applications.
If this move triggers excitement among shareholders and demand climbs this week, VVPR’s stock could strengthen above $5.62.
Conversely, if selling pressure intensifies, shares could slip below $4.73, making this week a potentially volatile period for VVPR.
SponsoredHIVE Digital Technologies Ltd. (HIVE)
HIVE also traded down on Friday, closing at $3.79, down by 1.3%. Despite this, the stock could see some gains this week as BUZZ High Performance Computing (BUZZ HPC), a wholly owned subsidiary of HIVE Digital, confirms expansion in high-performance computing.
On September 18, HIVE Digital announced BUZZ HPC’s acquisition of a 7.2-megawatt data centre site in the Greater Toronto Area (GTA). This facility will be the foundation for a Tier III+ data centre designed for AI workloads, providing colocation services to enterprises, institutions, and governments.
This move positions HIVE Digital as one of the companies at the forefront of AI cloud services and high-performance computing, making it a stock to watch as market sentiment evolves this week.
HIVE could strengthen above $3.92 if buying activity accelerates as the week progresses.
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Conversely, the shares could dip below $3.36 if selling pressure intensifies.
Coinbase (COIN)
COIN fell by 0.20% to close Friday at $342.46. While the stock finished the week inching lower, traders should pay close attention to COIN this week, as the company’s CEO recently outlined ambitious plans that could drive up its value.
SponsoredIn an interview on Fox Business two days ago, CEO Brian Armstrong shared his vision for a “financial super app” to replace traditional banking services using cryptocurrency technology.
Armstrong explained that Coinbase aims to become users’ primary financial account, offering all the services typically provided by banks and fintech companies, but delivered via crypto infrastructure for faster and cheaper transactions.
Excitement around these coming developments could drive up COIN’s value. If demand for the stock surges, its price could strengthen toward $361.
Conversely, the shares’ value could slip below $329.26 if a broader selloff emerges.
