Crypto Stocks Rally Into Bitcoin Halving: Discover Best Crypto Stocks – MARA, COIN, MSTR

The Bitcoin Halving event is rapidly approaching, and TradFi investors are racing to discover the best crypto stocks to buy ahead of the supply shock catalyst, in this article explore Marathon Digital (MARA), Coinbase Global (COIN), & MicroStrategy (MSTR).

As the much-awaited Bitcoin halving event approaches in April 2024, crypto investors are poised in anticipation. 

Historically, Halving events, which slash the number of block rewards given to miners by half (in this instance from 6.25 BTC to 3.125 BTC) act as a deflationary mechanism, reducing the supply of new BTC into the open market.

(Halving Countdown)

Typically, a few weeks after the Halving, Bitcoin prices begin rallying—the beginnings of a cyclical bull run that sees crypto markets breach all-time highs and lift the market.

Therefore, if past events guide us, the crypto scene could be waiting for even more gains in 2024—in a continuation of the unusual pre-halving all-time high (which can be attributed to Spot BTC ETF inflows).

Looks like #Bitcoin successfully retested the bullish pennant.

In a bull market — the simplest setups often work best. Send it to $82,000. pic.twitter.com/NO11P5JTEP

— Jelle (@CryptoJelleNL) April 9, 2024

Already, one analyst thinks the recent spike above $73,000 represented a bullish breakout – at this pace, BTC may rally to over $82,000 in the coming few weeks.

Top 3 Crypto Stocks To Buy Before Halving

So, as Bitcoin prepares to halve and pump, this article will look at three promising crypto stocks that can soar in 2024:

Best Crypto Stock #1 – Marathon Digital (MARA): Technology And Expansion

(MARAUSD)

The Bitcoin halving will directly impact the revenue of miners, with earnings slashed in half – only the strongest survive.

Several publicly traded miners exist, but Marathon Digital (MARA) stands out by taking a proactive approach to the halving.

Indeed, while some miners have expressed concern about the reduced rewards, Marathon is aggressively expanding its operations and embracing technological advancements. 

Here’s what makes MARA stock a compelling choice:

• The miner is expanding, aiming to increase its hash rate to 21 EH/s by 2024. Since competition will likely increase in the months ahead, the expanded capacity will mean it can mine BTC efficiently even after the Halving, and retain profitability.
• Besides installing new rigs, they are also innovating. Recently, they unveiled their proprietary MARAFW firmware and MARA UCB control board. These tools are meant to optimize mining rig performance directly, translating to higher yields. Additionally, they have integrated an immersion cooling system, permitting them to build denser data centers and even overclock their mining rigs. 

Best Crypto Stock #2 – Coinbase Global (COIN): Trading and Custody

(COINUSD)

No matter what happens at the Halving, crypto trading won’t stop. If anything, it is projected to increase, and this is where Coinbase steps in.

Coinbase is a leading crypto exchange, and direct rival to the World’s largest CEX Binance.

Besides offering a trading portal, it has diversified and provides custody services for institutions. This comes alongside the explosive launch of a new layer-2 scaling solution, BASE, which has seen TVL and revenues surge.

(DeFiLlama)

Their stock, COIN, is worthy of consideration because:

• As Bitcoin prices boom and excitement around halving builds, trading activity will increase. This translates directly to increased revenue for the exchange, pumping COIN prices.
• The recent approval of spot Bitcoin ETFs has opened up a new avenue for mainstream investors to enter the crypto market. Many will likely turn to Coinbase, further boosting their trading volume. Most spot Bitcoin ETF issuers also use Coinbase Custody to store users’ coins. The more they store, the higher the revenue.

Best Crypto Stock #3 – MicroStrategy (MSTR): The Bitcoin Master

(MSTRUSD)

MicroStrategy, a business intelligence firm, is a Bitcoin believer led by industry legend Michael Saylor. The public firm has taken a unique approach and is synonymous with Bitcoin holding.

By early April, MicroStrategy was the largest public company holding BTC, controlling over 214,250 BTC (currently valued at over $15Bn). 

While their core software business has stagnated, their Bitcoin investment has seen tremendous returns. 

Here’s what to consider with MSTR stock:

• As mentioned earlier, revenue from their core business is low and stagnant. However, their heavy bet on Bitcoin means MSTR’s performance is heavily tied to BTC’s performance. If BTC edges higher after halving, MSTR could float to new levels. The reverse will harm the stock’s price.
• Moreover, MicroStrategy has used debt financing to acquire a large portion of its Bitcoin holdings. This increases its financial risk, especially if the price of Bitcoin falls. However, it is unperturbed. The firm raised $782 million in early March to buy more BTC, showcasing its unwavering commitment and prudent risk-taking.

The Bottom Line: Be On The Look Out For Crypto Stock Rallies

(BTCUSDT)

The upcoming Bitcoin halving may present a unique opportunity for investors looking for crypto stocks.

While the market remains volatile, Marathon Digital (MARA), Coinbase (COIN), and MicroStrategy (MSTR) stocks offer distinct ways for investors to capitalize on the anticipated price boom after halving. 

EXPLORE: USDT Stablecoin Issuer Tether is Now the 7th Largest BTC Holder in the World

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.