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As we conclude a historic year for Bitcoin and other cryptocurrencies, some cryptocurrency-related stocks are poised to end 2024 in the green. Here's a recap of some of the top performers:

Coinbase

COIN shares started the year at around $156. The stock rose to a high of $200 in March, coinciding with Bitcoin's rise to what was then a new all-time high of about $73,000. However, COIN's big breakout came in the latter half of the year. Stocks rose 67% between Election Night and Nov. 11, a sign investors saw Trump wins As a major turning point for the industry.

Boutique equity research firm Monness, Crespi, Hardt & Co. He grew up The stock price targeted $245 to $390 earlier this month. Analysts cited the Trump administration's policy Possible plan To create a strategy Bitcoin reserve As a positive catalyst for Coinbase's custody services.

COIN shares are up 58% year to date (to roughly $247) at 2 PM ET on Tuesday.

Accurate strategy

MicroStrategy, an unprofitable business intelligence firm, began buying Bitcoin in 2020. Today, the company owns 446,400 Bitcoin (acquired at an average price of $62,428 per coin), and executives say they have no intention of... Slow down At any time almost.

These days, MSTR is essentially a leveraged trade on BTC, and for those who bought shares at the beginning of the year, it has paid off. The stock is up more than 60% since Election Day alone.

MSTR shares hit $290 at 2 pm ET - up 323% in 2024.

Miners Hut 8, Basic Scientific

Bitcoin mining company Hut 8 debuted on the public market in 2018 at a price of about $17 per share. The stock reached a record high of around $80 in 2021, a rally that analysts attribute to the rise of bitcoin and Hut 8 mining. practical expansion.

After stocks tanked in 2022 and 2023, Hut 8 saw another boom this year, thanks to record-high Bitcoin prices and new mining technology. Recent target prices from Cantor Fitzgerald and Craig Hallum are in the mid-$30 range.

HUT shares were up 63% year to date at 2pm EST on Tuesday, north of $20.

What's even more so is the share price of rival mining company Core Scientific, which is up nearly 300% in 2024.

Company I emerged from bankruptcy In January, again on the Nasdaq. Core Scientific's stock rose to more than $7 in June immediately after his signing First hosting deal With cloud provider CoreWeave. CORZ stock was hovering around $14 on Tuesday afternoon.

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