Forget Litecoin, These 4 Crypto Mining Stocks Have Performed Better in 2021 By StockNews

© Reuters. Forget Litecoin, These 4 Crypto Mining Stocks Have Performed Better in 2021

With cryptocurrencies slowly gaining acceptance, crypto mining stocks have remained in demand, as evidenced by their performance in 2021. While has gained 68% year-to-date, crypto mining stocks Marathon Digital (MARA), Riot Blockchain (NASDAQ:), Hut 8 Mining (HUT), and Bitfarms (BITF) have outperformed the digital currency. So, we think they could be good additions to one’s watch list now.Litecoin is a Massachusetts-based open-source, peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. Investors’ interest surrounding the cryptocurrency craze helped Litecoin soar 68% year-to-date.

Litecoin is known as the silver to Bitcoin’s (BTC) gold and is slowly gaining acceptance as a means of payment along with famous cryptocurrencies such as and (ETH). On November 12, AMC Entertainment Holdings, Inc. (NYSE:) CEO Adam Aron tweeted that AMC will start accepting cryptos such as Litecoin, Bitcoin, Ethereum, and bitcoin cash for online payments. However, according to CoinShares data, Litecoin was the only crypto to register outflows of $0.6 million, month-to-date.

Nevertheless, according to a Data Bridge Marketing report, the cryptocurrency mining market is expected to grow at a 11.5% rate over the next seven years. Even though Litecoin generated significant returns this year, crypto mining stocks Marathon Digital Holdings, Inc. (MARA), Riot Blockchain, Inc. (RIOT), Hut 8 Mining Corp. (HUT), and Bitfarms Ltd. (BITF) have performed even better. Therefore, it could be wise to add them to your watch list now.

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