{"id":41846,"date":"2023-01-20T22:21:49","date_gmt":"2023-01-20T22:21:49","guid":{"rendered":"https:\/\/egrowonline.com\/?p=41846"},"modified":"2023-01-20T22:21:49","modified_gmt":"2023-01-20T22:21:49","slug":"cryptocurrency-stocks-recover-as-cryptos-try-making-a-comeback","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=41846","title":{"rendered":"Cryptocurrency Stocks Recover as Cryptos Try Making a Comeback"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p>The cryptocurrency market of late has been a maelstrom of instability. For <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/compare-stocks\/cryptocurrency\" rel=\"noopener\">cryptocurrency stocks<\/a> like Coinbase (<a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/stocks\/coin\/forecast\" rel=\"noopener\"><strong>NASDAQ:COIN<\/strong><\/a>), Silvergate Capital (<a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/stocks\/si\/forecast\" rel=\"noopener\"><strong>NYSE:SI<\/strong><\/a>), and Microstrategy (<a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/stocks\/mstr\/forecast\" rel=\"noopener\"><strong>NASDAQ:MSTR<\/strong><\/a>), it hasn\u2019t been different. However, all three were up in Friday\u2019s trading, thanks to a general recovery of cryptocurrency such as bitcoin (<a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/cryptocurrency\/btc-usd\" rel=\"noopener\"><strong>BTC-USD<\/strong><\/a>).<\/p>\n<p>The good news was that the market largely dismissed the entire notion of contagion from <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/news\/sam-bankman-fried-out-on-record-breaking-bond\" rel=\"noopener\">Sam Bankman-Fried<\/a> and FTX. There is no shortage of other risks in the market, however. The threat of further Justice Department involvement, some<a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/news\/cryptocurrency-stocks-spike-but-risks-remain\" rel=\"noopener\"> further restrictions on cryptocurrency mining<\/a>, and more may weigh on the crypto market. The recent remarks from <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/news\/crypto-stocks-slammed-as-dr-doom-weighs-in\" rel=\"noopener\">Nouriel \u201cDr. Doom\u201d Roubini<\/a> couldn\u2019t have helped matters either. When a major name like that calls most of the market \u201ca scam,\u201d it seldom bodes well.<\/p>\n<p>However, one major point shined through from WOO Network co-founder Jack Tan. Tan noted that strong businesses are likely to gain market share. Meanwhile, weaker businesses lose ground. That sounds like a classic description, not of a dying market\u2026but a maturing one.  Just consider Genesis Global Holdco looking to file bankruptcy, and the lender Nexo that was fined $45 million following an SEC investigation.<\/p>\n<figure class=\"wp-block-image size-large\"><a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/compare-stocks\/custom?ticker=COIN&amp;ticker=SI&amp;ticker=MSTR\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/blog.tipranks.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-20-at-16-25-43-Stock-Comparison-Tool-Compare-Stocks-Performance-TipRanks-1024x348.png\" alt=\"\" class=\"wp-image-441278\" srcset=\"https:\/\/tipranksblog.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-20-at-16-25-43-Stock-Comparison-Tool-Compare-Stocks-Performance-TipRanks-1024x348.png 1024w, https:\/\/tipranksblog.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-20-at-16-25-43-Stock-Comparison-Tool-Compare-Stocks-Performance-TipRanks-300x102.png 300w, https:\/\/tipranksblog.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-20-at-16-25-43-Stock-Comparison-Tool-Compare-Stocks-Performance-TipRanks-768x261.png 768w, https:\/\/tipranksblog.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-20-at-16-25-43-Stock-Comparison-Tool-Compare-Stocks-Performance-TipRanks.png 1096w\" \/><\/a><\/figure>\n<p>Indeed, these three stocks all have their own risk profiles to consider. <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/compare-stocks\/custom?ticker=COIN&amp;ticker=SI&amp;ticker=MSTR\" rel=\"noopener\">Analyst consensus considers both Coinbase and Silvergate Capital as Holds while assigning a Moderate Buy rating to Microstrategy<\/a>. Coinbase\u2019s average price target of $56.52 gives its stock a meager 2.49% upside potential.<em><strong> However, Microstrategy\u2019s stock comes with 99.05% upside potential.<\/strong><\/em><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/legal\/disclosure-1\" rel=\"noopener\">Disclosure<\/a><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiXGh0dHBzOi8vd3d3LnRpcHJhbmtzLmNvbS9uZXdzL2NyeXB0b2N1cnJlbmN5LXN0b2Nrcy1yZWNvdmVyLWFzLWNyeXB0b3MtdHJ5LW1ha2luZy1hLWNvbWViYWNr0gEA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market of late has been a maelstrom of instability. For cryptocurrency stocks like Coinbase (NASDAQ:COIN), Silvergate Capital (NYSE:SI), and Microstrategy (NASDAQ:MSTR), it hasn\u2019t been different. However, all three were up in Friday\u2019s trading, thanks to a general recovery of cryptocurrency such as bitcoin (BTC-USD). The good news was that the market largely dismissed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[2842,52,880,1131,998,455],"class_list":["post-41846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-comeback","tag-cryptocurrency","tag-cryptos","tag-making","tag-recover","tag-stocks"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/shutterstock_2096038456-1-750x406.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41846"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41846\/revisions"}],"predecessor-version":[{"id":41848,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/41846\/revisions\/41848"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/41847"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41846"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}