Jul. 14 at 2:47 PM
$CRCL i’m confused, how can you be overly optimistic, but yet the market cap declines? In theory, the two should go hand in hand. Lol
“Mizuho maintains a "neutral" rating on Circle, believing the market's reaction to this positive news may be overly optimistic. The firm points out that since March of this year, the circulating market capitalization of USDC has decreased by approximately
$7 billion to approximately
$74 billion, reflecting a slowdown in its growth momentum, which could drag down Circle's trading revenue and reserve gains.”