Hi HODLers, Hiveans and Lions,
In one word: Good! But as usual, most investors were expecting in and focused on Q2-2024 where it seems like the trading frenzy settled down.
Q1-2024 Highlights
So to sum it up:
- Higher transactions than Q1-2023
- USDC is literally a money making machine and has been on a tear
- BASE and other projects where they help validate the Blockhain
What was important imo?
The numbers I highlighted in red, these are most likely future recurring revenues.
These revenues are coming from custody activities, stablecoins, Layer 2 Block rewards and interests! All of these are very healthy.
Source and much more information to dig into here.
I already sold a bunch of PUTs on the name but I am thinking to outright buy some $COIN stocks if it correct around $200/$210. Even if CryptoMarkets would correct as well. I just think this is a well run and well capitalized company which might be of the size of MAG7 style companies in 3-5 years,
Time will tell!
Stay safe out there,