One of the biggest crypto stories this week is the Circle IPO, in which the company raised $1.1 billion and achieved a diluted valuation of over $8 billion. This makes it the second-largest IPO of the year, following CoreWeave, a data center company that began its business in the cryptocurrency industry.
Best Crypto to Buy as BlackRock and Ark Invest Seek to Buy Circle Stock
Some of the most prominent players on Wall Street are seeking to buy Circle stock as the stablecoin industry surges. These companies aim to benefit from an asset-light business model that generates high-margin profits.
BlackRock, the biggest asset manager, wants to take a 10% stake in the company. This investment follows reports that the company manages a money market fund on Circle’s behalf that has over $53 billion in assets, equivalent to 90% of Circle’s assets. Cathie Wood’s Ark Invest is interested in buying about $150 million shares in the company.
The other potential catalyst for Circle stock will be the upcoming passing of the GENIUS Act in the US. This act will bring more clarity to the stablecoin industry and facilitate its growth.
All this is happening as more companies seek a share in the stablecoin sector. US banks are negotiating to create a joint coin, while Santander is planning to launch its coin soon.
The best crypto to buy as BlackRock and Ark invest in Circle are Stellar (XLM), Quant (QNT), and Bitcoin Pepe (BPEP).
Stellar (XLM)
Stellar is one of the top crypto to buy following the Circle IPO because its business largely depends on USDC. Data shows that Stellar holds over $672 million in USDC, a figure that has continued growing.
Stellar has also reached a deal with MoneyGram that enables users to send and withdraw USDC across its network of branches.
As we wrote recently, the XLM price also has strong technicals, having formed a bullish flag and a falling wedge. These patterns often lead to more significant gains, in this case, potentially reaching $0.6322, a 135% increase from the current level.
Quant (QNT)
Quant is another top crypto to buy following Circle’s success. While Quant does not have a relationship with Circle, it is an upcoming player in the stablecoin and RWA industry. It partners with top companies seeking to launch their coins and offers the Overledger technology that helps dApps communicate across all chains.
Quant has more catalysts, including whale accumulation and strong technicals. As the chart below shows, it has formed a golden cross pattern, while oscillators are pointing upwards, indicating potential for further gains in the long term.
READ MORE: Quant Price Analysis: 4 Reasons QNT Crypto Will Surge 40%
Bitcoin Pepe (BPEP)
Bitcoin Pepe is a top crypto to buy for big gains. Unlike Quant and XLM, BPEP is currently available in its presale, where it has raised over $13.7 million in funding in the past few months.
Bitcoin Pepe has become a viral coin due to its goal of disrupting the meme coin industry, which Solana currently dominates. Its innovation is a super-fast layer-2 network on top of the Bitcoin network.
Its PEP-20 solution will enable users to launch meme coins on Bitcoin, the most stable network in the crypto industry. In addition to these factors, the Bitcoin Pepe price is likely to perform well because the developers are in talks with some of the largest tier-1 exchanges that plan to list it.
Historically, listings by top exchanges have led to a parabolic move, as seen with Pocket Network and Livepeer, which surged recently after their listings. Follow the link below to buy Bitcoin Pepe today.
