CAN stock could ride a BTC-driven wave, buoyed by Soluna partnerships and a 50,000-rig order [1]. The chatter has investors debating whether a Bitcoin rally can lift penny stocks tied to mining demand [1].
Key catalysts to watch:
- Soluna partnerships — The post frames these ties as a big catalyst, suggesting partnerships and joint ventures could lift CAN's narrative beyond generic crypto hype [1].
- 50,000 rig order — The order signals large-scale deployment and real-world mining activity, which could drive equipment demand that supports CAN’s story [1].
- BTC momentum — Proponents say rising Bitcoin activity, including Dec-Feb lift and a milestone around 125k, underpins mining demand and CAN’s price moves [1].
- End-of-year rally history — Historically, CAN rallied to about $3 in EOY 2023 and EOY 2024; readers speculate a similar Santa Claus rally could push EOY2025 toward that level [1].
- Caution from traders — One commenter concedes it’s not simple, but optimism persists about the BTC–mining link and CAN’s potential upside [1].
Bottom line: the roadmap for CAN hinges on Bitcoin activity, Soluna updates, and the massive rig order—watch those signals to gauge future price paths [1].
References
[1]
Reddit
Why I think $CAN will go up $3 and up (insert rocket emoji x10)
Penny stock CAN tied to BTC; Soluna partnerships and big rig order cited; debate on price target and mining demand.
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