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New Stock God Serenity: COIN, HOOD, and CRCL valuations may become attractive again
Odaily Planet Daily News reports that new stock god Serenity posted on the X platform, saying that as U.S. cryptocurrency regulatory policies move forward, crypto concept stocks such as Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) may attract renewed attention.
He believes that if the CLARITY Act advances in its current direction, it could be more beneficial to the traditional banking system, while limiting certain innovation in parts of the crypto sector and products that compete with banking services. Meanwhile, the relevant policies could affect market liquidity, but they may also strengthen the position of the U.S. dollar.
Serenity said that for swing traders, the above stocks again appear attractive at their current valuation levels.