As the cryptocurrency sector remains a rollercoaster ride for investors, three heavyweights – MicroStrategy Inc. (NASDAQ:MSTR), Riot Platforms Inc. (NASDAQ:RIOT), and Coinbase Global Inc. (NASDAQ:COIN) – are gearing up to release their third-quarter earnings on Wednesday.
With varied year-to-date performances and significant price movements, the question on everyone’s mind is: which of these crypto stocks is primed for a bullish breakout?
MicroStrategy: Riding High On Bitcoin
MicroStrategy has become a darling for crypto investors, boasting an impressive 275.55% year-to-date rise and a staggering 512.40% over the past year, bolstered by Bitcoin‘s (CRYPTO: BTC) trajectory. However, the company is expected to report a loss of 14 cents per share, with revenues projected at $122.66 million.
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The technical indicators paint a glowing picture: the stock trades well above its five, 20 and 50-day exponential moving averages, signaling strong bullish momentum. Currently priced at $256.34, MSTR is above all key …
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