Missed Out on the Circle IPO? This Cryptocurrency Investment Might Be the Real Winner in the Long Run (Hint: It's Not Robinhood or Bitcoin).
Circle stock has rocketed by more than 600% since going public just a few weeks ago.
Since going public earlier this month, shares of Circle Internet Group (NYSE: CRCL) have rocketed by more than 600% (as of June 24). While initial public offerings (IPOs) tend to fetch outsize attention, I'll admit that Circle's parabolic rise is unusual.
Let's explore what is driving such an intense interest in Circle right now. These details should help investors better understand Circle's role in the fintech landscape -- specifically, how the company is carving out a unique niche in the crypto market.
From there, I'll reveal a subtle detail that some investors may be missing about Circle and explain why Coinbase Global (NASDAQ: COIN) could be the biggest crypto winner of all in the long run.
