crytocurrencies
  • Graph Blockchain (GBLC) shares details of its altcoin purchase and staking strategy
  • The company will purchase and stake Cardano (ADA) and Polkadot (DOT) altcoins through its Babbage Mining subsidiary
  • Graph believes these two cryptocurrencies show enormous growth potential in user adoption, market share and asset value
  • Graph Blockchain provides high-performance blockchain solutions like data analysis, consulting services and data implementation
  • Graph Blockchain (GBLC) is up 13.46 per cent and is currently trading at C$0.295 per share

Graph Blockchain (GBLC) shares details of its altcoin purchase and staking strategy.

The company will purchase and stake two altocoins, Cardano (ADA) and Polkadot (DOT), through its wholly owned Babbage Mining subsidiary.

Graph believes Cardano and Polkadot are pivotal to the cryptocurrency ecosystem. Both have top-tier development teams, funding and community support, and show enormous potential for a significant increase in user adoption, market share and asset value.

The company will provide detailed educational materials for both projects over the coming weeks.

Graph Blockchain provides high-performance blockchain solutions including data analysis, consulting services and data implementation.

Graph Blockchain (GBLC) is up 13.46 per cent and is currently trading at C$0.295 per share as of 9:36 am EST.

More From The Market Online

Samsung invests in NFT Technologies portfolio company

Samsung takes a stake in Metablox, a decentralized physical infrastructure network backed by NFT Technologies (NEO:NFT).

Top crypto stocks and ETFs to consider before the Bitcoin halving

Read about 10 of the highest-performing Bitcoin stocks and ETFs leading up to the cryptocurrency's April 2024 halving.

Hut 8 right-sizes mining capacity before Bitcoin halving

Hut 8, one of North America's largest Bitcoin miners, energizes one-third of its 63 MW Salt Creek mining site in Culberson County, Texas.