Crypto and blockchain stocks are putting altcoins to shame.
The Circle ($CRCL) stock price has appreciated by another 20% on Friday, closing the week at $240. Since its June 5 debut, $CRCL has now surged 677%, benefiting significantly from pro-stablecoin legislation in the United States and strong institutional demand.
Meanwhile, Coinbase (COIN) is also showing considerable bullish strength, up by nearly 28% this week and 116% since its April bottom.
The COIN stock price surged by 4.43% on Friday on the news that Coinbase has received the MiCA license from Luxembourg to provide crypto services in the European Union.
Besides COIN and CRCL, crypto treasury stocks have emerged as attractive bets. Wall Street giant Cantor Fitzgerald has identified Solana treasury firm Sol Strategies (CYFRF) as an “overweight” stock.
The Canadian firm is looking to enter the US markets with a Nasdaq listing, which could make it one of the best blockchain stocks to buy.
Are COIN And CRCL Still Attractive Buys or Should Sidelined Investors Wait For A Better Entry?
The ongoing crypto bull market, stablecoin legislation in the US and the strong institutional demand have established Coinbase and Circle as two excellent bets in a boring stock market.
TradFi investors appear to be viewing $COIN, $CRCL, and crypto treasury plays as better investments than large-cap altcoins, many of which continue to undershoot expectations.
Notably, the GENIUS Act’s bipartisan advancement through the Senate has provided added tailwinds to the crypto stock rally.
Pending passage in the House of Representatives and final approval by the President, the Act would establish a regulatory framework for stablecoins and open the door for their adoption by banks, financial institutions, and even consumer-facing companies.
US President Donald Trump has already signalled his intent to sign the bill. “Get it to my desk, ASAP — NO DELAYS, NO ADD ONS”. Meanwhile, US Treasury Secretary Scott Bessent claims that the stablecoin market capitalization could reach $3.7 trillion by the end of the decade following the passage of the GENIUS Act, which is 15x larger than the sector’s current valuation.
Circle, which is the issuer of the second-largest stablecoin, USDC, has emerged as an excellent stablecoin play.
However, sidelined investors should avoid FOMO buying at current levels. The stock’s explosive rally has been fueled largely by speculative 0DTE flows and sky-high implied volatility, rather than fundamentals.
With profit-taking risks elevated and bearish bets emerging, a sharp pullback remains a real possibility.
Meanwhile, $COIN is another excellent stablecoin play, especially considering Coinbase has a minority stake in the company. In addition to that equity exposure, Coinbase earns 50% of the interest income generated from USDC reserves, making it a direct beneficiary of USDC’s growth.
Coinbase’s growth also isn’t entirely dependent on the stablecoin sector. Already the largest crypto exchange in the US, it has now received the MiCA license from Luxembourg to provide crypto services in the EU.
However, $COIN is also nearing key resistance levels at $312 and $350, the latter of which is a multi-year resistance.
Sidelined investors should therefore wait for a better entry point at lower prices or buy at a clear breakout above these levels.
Best Blockchain Stocks To Buy Now
While stablecoin plays may be running out of steam, crypto treasury plays are just getting started.
Wall Street giant Cantor Fitzgerald suggests that Solana treasury companies could outpace Bitcoin and Ethereum treasuries in asset-per-share growth, owing to SOL’s staking capabilities, which can compound returns without relying on external capital.
Cantor has identified Sol Strategies (CYFRF) as one of the best blockchain stocks, initiating coverage and labelling it “overweight”. Their analysts have initiated coverage and anticipate a 65% rally in CYFRF in the coming weeks, which has already rallied 15x over the past year.
Sol Strategies is often referred to as the MicroStrategy of Solana, owing to its growing SOL holdings, staking strategy and validator growth to boost long-term returns.
It recently secured a $500 million convertible note facility and filed a $1 billion shelf prospectus to support its ongoing SOL accumulation and validator expansion.
More importantly, Sol Strategies is now eyeing a US market entry, filing for a Nasdaq listing with the SEC, which would make it one of the top blockchain stocks to invest in.
New Solana utility coins are also in high demand. For instance, a prominent SOL Layer-2 coin, Solaxy (SOLX), is being viewed as the next 10x crypto.
Besides its cutting-edge layer-2 architecture, Solaxy is also building a full-stack ecosystem within Solana, including a meme coin launchpad and its own decentralized exchange.
Whales continue to pour six-figure investments into SOLX just days ahead of its June 23rd launch. It has now raised over $56 million in its presale.
Visit Solaxy Presale
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