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The cryptocurrency market lately has been a maelstrom of instability. For cryptocurrency stocks like Coinbase (NASDAQ: CURRENCY), Silvergate Capital (NYSE:IF) and Microstrategy (NASDAQ: MSTR), it was no different. However, all three were up in Friday’s trading, thanks to a general rally in cryptocurrencies such as bitcoin (BTC-USD).

The good news is that the market has largely dismissed any notion of contagion from Sam Bankman Fried and FTX. However, there is no shortage of other risks in the market. The threat of further involvement of the Ministry of Justice, some new restrictions on cryptocurrency mining, and others could weigh on the crypto market. Recent remarks by Nouriel “Dr. Doom” Roubini couldn’t have helped matters either. When a big name like that calls most of the market “a rip-off”, it rarely bodes well.

However, one major point emerged from WOO Network co-founder Jack Tan. Tan noted that strong companies are likely to gain market share. Meanwhile, weaker companies are losing ground. Sounds like a classic description, not of a dying market… but of a maturing market. Just consider Genesis Global Holdco seeking to file for bankruptcy and lender Nexo which was fined $45 million following an SEC investigation.

Indeed, these three stocks all have their own risk profiles to consider. Analyst Consensus Considers Both Coinbase and Silvergate Capital Holds While Giving Microstrategy a Moderate Buy Rating. Coinbase’s average price target of $56.52 gives its stock a meager 2.49% upside potential. However, Microstrategy’s stock has 99.05% upside potential.


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