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7 Growth Stocks to Buy and Forget for 30X Returns by 2030
CRONCronos Group(CRON) Investor Place·2024-06-12 18:10

Bitcoin (BTC-USD) has been consolidating around 70,000levels.Thisisagoodopportunitytoaccumulatequalitycryptostocksbeforethenextbigmove.AmongBitcoinminers,RiotPlatforms(NASDAQ:RIOT)looksmassivelyundervaluedataforwardP/Eof16.5.Withambitiousgrowthplansandstrongfundamentals,RIOTstockisworthconsidering.AsofQ12024,Riot′sbalancesheetwaszero−debt.TheBitcoinminerreportedacashbuffer(includingdigitalassets)of70,000 levels. This is a good opportunity to accumulate quality crypto stocks before the next big move. Among Bitcoin miners, Riot Platforms (NASDAQ:RIOT) looks massively undervalued at a forward P/E of 16.5. With ambitious growth plans and strong fundamentals, RIOT stock is worth considering. As of Q1 2024, Riot's balance sheet was zero-debt. The Bitcoin miner reported a cash buffer (including digital assets) of 1.3 billion. Therefore, Riot has high financi ...