Attention is shifting from cryptocurrencies to equities and publicly traded companies like Robinhood Markets (NASDAQ:HOOD), Coinbase Global (NASDAQ:COIN), and Circle Internet Group (NYSE:CRCL), which have surged ahead in performance over the past month.
What Happened: In an X post on June 27, Milk Road Daily pointed out this outperformance.
Circle has led the pack with a 162% return in the last 30 days, while Coinbase and Robinhood gained between 30% and 35% during the same period.
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) logged negative returns ranging from -2% to -18% over the same timeframe.
Scarcity Meets Demand
There are relatively few crypto-linked public equities …