- Circle is a top crypto stock to buy because of its exposure in the stablecoin industry.
- BitMine has strong technicals and will likely be a cash flow machine.
- Robinhood has become a bargain and has more catalysts.
Bitcoin price remains in a local bull run after rising by over 23% from its year-to-date low. This rebound may continue if the ongoing geopolitical tensions ease. Such a move would trigger more gains among altcoins. Follow along as we look at some of the best crypto stocks to buy if the ongoing Bitcoin price bull run continues.
Circle is a Top Crypto Stock to Buy
Circle, the creator of the USDC stablecoin, is one of the best crypto stocks to buy today, thanks to several fundamental and technical catalysts.
Technically, as BanklessTimes recently wrote, the token is in the second phase of the Elliot Wave pattern, which is usually followed by the third stage, the longest one.
Fundamentally, the company’s business is booming, with the USDC supply on the network rising to over $80 billion and monthly volume exceeding $7 trillion.
The company will continue to benefit from the relatively high interest rates, which will boost its monthly interest income.
Additionally, the CRCL stock will benefit from the Circle Payment Network (CPN), which is set to disrupt the Swift network by integrating USDC into the payments industry.
BitMine Stock Has Key Catalysts
The other top crypto stock to consider is BitMine, the company managed by Tom Lee, which has become the largest holder of Ethereum. It has accumulated over 4.87 million tokens valued at over $11.3 billion, and its goal is to eventually own 6 million tokens.
BitMine has three main catalysts. First, as BanklessTimes wrote earlier, the BMNR stock has formed a double bottom, suggesting an eventual comeback.
Second, the company will eventually become a free cash flow machine, helped by its staking revenue. After staking its 6 million tokens, the company will earn at least 180k ETH per year.
At $3,000, Ethereum’s annual revenue will exceed $540 million, which it can use to repurchase its stock. It recently increased its repurchase authorization by 300% to $4 billion.
Third, BitMine stock has made other investments that may one day offer a huge return. The most notable one is Beast Industries, which is owned by MrBeast, the biggest YouTuber in the world.
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Robinhood is a Highly Diversified Fintech Giant
Robinhood is another top crypto stock to buy after falling by double digits from its highest point last year.
The case for investing in Robinhood is that it is one of the most innovative companies in the fintech industry. After disrupting the brokerage industry, the company has become a juggernaut in other key sectors.
For example, it has tokenized hundreds of stocks and exchange-traded funds (ETFs) and is expected to launch its layer-2 network soon.
Robinhood has become one of the biggest players in the crypto industry by offering tokens on its main platform and Bitfarms, a company it acquired last year.
The company has also launched several services, including banking solutions and a credit card, and, most recently, was selected by the White House to offer solutions for the Trump Accounts.
Robinhood stock is highly undervalued, suggesting it may rebound in the coming days or weeks as investors buy the dip.
There are other high-quality crypto stocks to consider, including IREN, Galaxy Digital, Coinbase, and Mara Holdings.
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