Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
Submitted by Anonymous (not verified) on Fri, 04/05/2024 - 11:30The broker cut its price target to $14 from $17.50 while maintaining its buy rating.
The broker cut its price target to $14 from $17.50 while maintaining its buy rating.
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said
Retail engagement materially accelerated in the first quarter, the report said.
The broker raised its price target to $230 from $160 and maintained its market perform rating.
Restaking has grown into the second-largest DeFi sector on the Ethereum blockchain and is likely to become a core part of the network’s infrastruct
U.S.
The bitcoin halving, expected in mid-April, remains the main supply-side event, the report said.
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said.
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