Last week, Crypto Markets faced a decline in activity, with global crypto market capitalization down 3% as traders ended to avoid losses.
Despite this slowdown, some crypto stocks remain firmly on the radar of investors, primarily due to institutional adoption and the development of ecosystems that could drive new momentum. Some of them include Coin, Migi and Elw.
Coinbase (coin)
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Coinbase closed its Friday session at $312.59, up 1.92%. Stocks are focused this week, and Institutional Adoption News is driving investor sentiment.
On September 23, Caliber, a diversified real estate and digital asset management platform, announced that it has selected Coinbase Prime as its institutional trading and custody platform to support its Digital Asset Treasury (DAT) strategy.
Through Coinbase Prime, Caliber accesses deep liquidity and facility grade custody.
If the news continues to drive purchasing activities throughout the week, Coin’s price will be stronger at $329.26.
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On the other hand, if sales pressure is applied, there is a risk for retreats with prices below $293.61.
Mawson Infrastructure Group Inc. (Migi)
Migi ended Friday’s trading session at $0.50 per share, recording an earnings of 8.54% for the day. The positive moves in the stock have been attracting attention from market participants, particularly as the company recently provided new operations and corporate updates.
With a release dated September 17, the company reaffirms that it operates normally across its US facilities, and the Midlands Pennsylvania site remains a core hub supported by its long-term site tenure.
Importantly, the company noted that it dealt with NASDAQ listing status, attracted advisors and presented a compliance plan for the exchange. Mawson then secured enhancements to regain compliance and more time to keep the list.
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Given these updates, stock could exceed $0.53 if you buy momentum throughout the week.
Conversely, Migi can retreat and test support for nearly $0.47 if sales pressure recovers.
EarlyWorks Co., Ltd. (ELWS)
EarlyWorks shares closed Friday’s trading session at $2.63, winning 8.47%. This week’s strong moves are focused this week as traders consider the company’s latest regulatory updates.
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On September 23, EarlyWorks announced that the NASDAQ hearing panel had granted a final extension until October 29th to regain compliance with the exchange’s continued listing standards.
This extension is the last opportunity for early work to meet NASDAQ requirements. The company is working on an equity finance initiative to regain compliance, but if it fails to do so due to a new deadline, the securities will be delisted.
Given the growing attention regarding compliance and funding progress, ELWS price action could be a sharp swing.
Increased momentum this week could potentially raise the stock’s price to $3.16.
Conversely, sustained sales could push the stock to under $1.94.
