About half of the ASX’s blockchain and crypto stocks have made strong share price gains this year — but the numbers look much weaker since the mid-February market correction.
Since Christmas, 11 blockchain and crypto-related stocks tracked by Stockhead are ahead by an average of 51 per cent. (Nine are down, three are steady and three are suspended.)
But since the market correction a few weeks ago, the average gain is only 15 per cent across nine stocks.
Shell company Zyber Holdings has recovered the best from the market dip.
Despite a wrenching January realisation among investors that this wasn’t the blockchain shell they were looking for, Zyber still tops a list of 27 ASX blockchain small caps which are actively in the sector, say they are looking to enter, or are the subject of crypto rumours.
Anton Uvarov, a healthcare-turned crypto specialist investor via his new venture Renaissance Digital Assets, says the crypto space is now too big to fail, as millions of people around the world are involved.
He says expectations for Bitcoin this year are for it to go as high as $US30,000.
By the close on Monday it was $US9,568.43.
Manalto (ASX:MTL), iCandy Interactive (ASX:ICI) and Byte Power Group (ASX:BPG) are still not trading and haven’t been since before the crypto surge began in late November 2017.
That surge peaked in January.
Water bottler Tianmei (ASX:TB8), which says it will use blockchain to allow users to trace their water to the source, is in suspension after failing to lodge its accounts on time.
The newcomers include:
-
- Property Connect Holdings (ASX:PCH) which is considering leveraging blockchain software for residential property transactions.
- Transcendence Technologies (ASX:TTL) has hired DigitalX (ASX:DCC) to give it some advice on how to use distributed ledger technology in their business.
- 8Common (ASX:8CO) has recent decided to add blockchain to the buzzword-heavy list of fintech areas it wants to reposition into.
Zyber (ASX:ZYB), Peppermint Innovations (ASX:PIL), Alchemia (ASX:ACL) and Transaction Solutions International (ASX:TSN) remain fodder for the crypto rumour mill only, rather than active players in the sector.
| ASX Code | Name | Change this year (since Dec 22) | Change since market correction (Feb 12) | Price today | Market Cap |
|---|---|---|---|---|---|
| MTL | MANALTO | 0 | 0 | 0.007 (suspended) | 21790000 |
| BPG | BYTE POWER GROUP | 0 | 0 | 0.009 (suspended) | 27600000 |
| ICI | ICANDY INTERACTIVE | 0 | 0 | 0.16 (suspended) | 12100000 |
| TTL | TRANSCENDENCE TECHNOLOGIES | 0.772727272727 | 0.3 | 0.039 | 6601385.5 |
| ZYB | ZYBER HOLDINGS | 0.857142857143 | 0.3 | 0.026 | 16850044 |
| ACL | ALCHEMIA | 0 | 0.2 | 0.012 | 3896683.5 |
| 8CO | 8COMMON | 0.830985915493 | 0.155555555556 | 0.052 | 6552430.5 |
| SHO | SPORTSHERO | 0.9 | 0.117647058824 | 0.19 | 46655628 |
| TB8 | TIANMEI BEVERAGE GROUP CORP | 0 | 0.0833333333333 | 0.13 | 23400000 |
| LNU | LINIUS TECHNOLOGIES | -0.103448275862 | 0.0833333333333 | 0.13 | 107839016 |
| FFG | FATFISH INTERNET GROUP | -0.142857142857 | 0.0714285714286 | 0.06 | 26822372 |
| FGF | FIRST GROWTH FUNDS | 0.375 | 0.047619047619 | 0.022 | 25099492 |
| KYK | KYCKR | 0.588235294118 | 0 | 0.27 | 29308992 |
| S3R | SERPENTINE TECHNOLOGIES | 0.125 | 0 | 0.009 | 6264865 |
| DCC | DIGITALX | -0.333333333333 | -0.0212765957447 | 0.23 | 106632416 |
| PIL | PEPPERMINT INNOVATION | 0.222222222222 | -0.0434782608696 | 0.022 | 21699330 |
| RFN | REFFIND | -0.266666666667 | -0.0434782608696 | 0.022 | 11341000 |
| MBM | MOBECOM | -0.3125 | -0.051724137931 | 0.275 | 50081152 |
| YOJ | YOJEE | -0.22641509434 | -0.0681818181818 | 0.205 | 164999600 |
| OOK | OOKAMI | -0.310810810811 | -0.0727272727273 | 0.051 | 15899131 |
| CCA | CHANGE FINANCIAL | 0.298780487805 | -0.0739130434783 | 1.065 | 85066432 |
| NOV | NOVATTI GROUP | -0.191780821918 | -0.078125 | 0.295 | 39871804 |
| GTG | GENETIC TECHNOLOGIES | 0.166666666667 | -0.0967741935484 | 0.014 | 34093960 |
| CHP | CHAPMANS | 0.444444444444 | -0.133333333333 | 0.013 | 13250000 |
| TSN | TRANSACTION SOLUTIONS INTERN | 0 | -0.166666666667 | 0.01 | 23386144 |
| PCH | PROPERTY CONNECT HOLDINGS | -0.333333333333 | -0.333333333333 | 0.002 | 2165807.25 |
There has been little news this month from companies who are active — or say they intend to be active — in this space.
Investor Chapmans (ASX:CHP) bought a $4 million stake in US trading platform Securrency.
Fatfish Internet Group (ASX:FGF) started its cryptocurrency mining operations in Malaysia, and Ookami (ASX:OOK) signed a deal with digital asset exchange National Currency eXchange Group to manage its blockchain assets.
Dr Uvarov is scathing of ASX companies looking to the crypto space to boost their fortunes.
“These are the guys not good enough to do an ICO [Initial Coin Offering] so they found a place on the ASX,” he told Stockhead.
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Dr Uvarov sees big opportunities in blockchain-based solution for gene data management — a sector Genetic Technologies (ASX:GTG) is moving into.
Nebula Genomics, Shivom, LunaDNA, Zenome and EncrypGen are all in or around the gene data management sector and are running ICOs.
Dr Uvarov also says the ASX may change its stance on ICOs and ASX companies.
He says CoinPoker spoke to the ASX about listing late in 2017 and were turned down, but companies like Sportshero (ASX:SHO) and Change Financial (ASX:CCA) can launch their own tokens now seemingly without problems.