i would perfer smaller companies or unknown more the less plesse find
10/14/2024 07:40pm
Given your preference for smaller or lesser-known companies, here are five options that could be good fits for a blockchain company portfolio:
1. **Recon Technology (RCON)**: With a market cap of $89.56 million as of October 11, 2024, Recon Technology is a company that has entered into a share exchange agreement with Starry Blockchain Energy, leveraging blockchain technology for sustainable energy solutions. Smaller companies in the energy sector might not fully appreciate the potential of blockchain but can benefit from its applications in enhancing transparency and efficiency.
2. **The9 (NCTY)**: The9, with a market cap of $77.29 million, has a subsidiary that signed a purchase agreement for a blockchain computing center in Kyrgyzstan, contributing to its hash power. Smaller companies in the cryptocurrency mining space might not fully grasp the long-term implications of blockchain but can benefit from the efficiency and security it provides.
3. **LightInTheBox Holding (LITB)**: LightInTheBox, with a market cap of $49.45 million, has opened a blockchain technology research lab to explore applications in cross-border e-commerce. Smaller e-commerce companies might not fully appreciate the potential of blockchain but can benefit from its applications in enhancing supply chain management and customer trust.
4. **U.S. Global Investors (GROW)**: With a market cap of $33.11 million, U.S. Global Investors has entered into a strategic investment in HIVE Blockchain Technologies, a publicly traded crypto miner. Smaller companies in the cryptocurrency mining space might not fully understand blockchain but can benefit from its applications in ensuring the integrity of transactions.
5. **SOS (SOS)**: SOS, with a market cap of $32.53 million, is a high-tech company with AI blockchain as the core technology, providing services like rescue, big data, trade, and digital asset management. Smaller companies in the tech sector might not fully appreciate the potential of blockchain but can benefit from its applications in enhancing data security and transactional processes.
These smaller companies are chosen based on their involvement in blockchain technology and their potential to leverage blockchain in various sectors, which could be beneficial for a blockchain company. The sectors identified are based on the potential for these companies to enhance their services or operations through blockchain integration, despite their smaller size or lesser recognition.