🥛 Top 7 crypto stocks by gains 🥇

GM. This is Milk Road, the daily newsletter that helps you connect the dots of the crypto sector.

Here’s what we got for you today:

✍️ Top 7 crypto stocks (ranked by gains)
✍️ The alt market is set to double?
🎙️ The Milk Road Show: Is Solana Winning the Institutional Race vs Ethereum w/ Nick Ducoff
🍪 Swedish Bitcoin reserve incoming?

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Prices as of 2:00 PM ET, provided by CoinGecko.

TOP 7 CRYPTO STOCKS (EXC. ETFS & DATS) RANKED BY YTD GAINS 📈

Crypto is a super speculative sector – which, in the short term, allows for some impressive gains…

But if useful products/services aren’t built around it, the speculative bubble will eventually burst.

Luckily, we’re already seeing a range of crypto companies building profitable products and services using blockchain technology.

We talk a lot about onchain products and the gains they pull in – but today, we’re going offchain.

Today, we’re looking at publicly traded crypto companies and their year-to-date (YTD) gains.

So let’s start by getting our list in order.

Here are the top 7 public crypto companies by market cap (excluding ETFs and Digital Asset Treasuries). 👇

Source: Yahoo Finance

Now, here are those same companies, ranked by their year-to-date gains, along with some insight on what they offer / why their gains are what they are…

Source: TradingView

1/ Robinhood +252% YTD

Robinhood already had a booming retail equity trading business, which they recently expanded to crypto (fuel, meet fire).

2/ Galaxy Digital +87.55% YTD

Galaxy is a double threat: it uses its massive data centers to mine crypto AND service AI companies (which is the Wall Street equivalent of catnip).

BTW, we recently wrote a Crypto PRO deep dive on Galaxy here.

And huge congrats to our PRO members who bought when we put our signal up a few weeks ago (+50% in roughly one month ain’t bad)!

Go PRO All Access to get future signals here.

3/ Riot Platforms +60% YTD

Riot is kinda like ‘Galaxy lite’ – they cover $BTC mining and AI compute. The difference is, Galaxy’s current capacity for AI compute (as well as planned expansions) is larger.

4/ Coinbase +40% YTD

Gonna go right ahead and assume you know the basic gist of what Coinbase offers…

But one of the newer, more bullish moves came earlier this year, when they made their big push towards becoming a financial ‘everything app’.

(Again, shout out to our PRO All Access members that have bought alongside us to pull in an unrealized return of 72% so far.)

5/ Circle +26% YTD

Wall Streets’ appetite for crypto 2025 (especially early on)? Ravenous. Crypto’s killer product? Stablecoins. The first stablecoin company to go public? Circle. The dots connect pretty easily.

6/ Mara Digital +7.33% YTD

Mara is another Bitcoin mining company – and with that, its price has largely moved in a dampened lock step with whatever $BTC is doing.

7/ Bullish -8.31% YTD

Bullish are super new to public markets, so they’re largely untested.

But they have a massive trading platform (Bullish) and media business (CoinDesk), so we wouldn’t be surprised to see them catch a bid as the bull market progresses.

Phew! Ok, we got through it!

Now it’s your turn to yap:

Which company are you most bullish on over the next 12 months?

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THESE TWO CHARTS SUGGEST ALTS WILL 2X WITHIN THE NEXT YEAR 📈

Consider this part #1247 of our “let’s make math fun” series…

Today, we’re going to try and predict a rough alt market peak, using the Bitcoin Dominance ($BTC.D) chart.

ICYMI: $BTC.D tracks the percentage of the total cryptocurrency market cap that’s made up by Bitcoin at any given time.

(When it’s rising, Bitcoin is outperforming altcoins. When it’s falling, altcoins are outperforming Bitcoin.)

In the 2017 bull market, when altcoins had their run up (i.e. when $BTC.D was falling), they clocked a ~2,700% gain.

As for their 2021 run up? They clocked about a quarter of those returns, at ~700%.

So if the quartering pattern continues and we end up seeing 1/4th of 2021’s gains this time around, we get…

Source: TradingView

Yep, a potential for ~175% gains between June 2025, till around August of 2026 (or roughly a 2x from where the altcoin market is as of right now).

The cool part?

This largely lines up with the breakout range of the cup and handle pattern forming on the TOTAL2 (altcoin market cap) chart, that we covered last week.

(Helping to validate the range being set by $BTC.D.)

But shoot, why am I telling you this, when I could be showing you…

Here’s the potential breakout from the cup & handle pattern, overlaid with the predicted range from the BTC.D chart. 👇

Source: TradingView

Both charts are pointing to a rough 2x gain in altcoin market cap in the medium term. 🤝

Now, here’s the math on all of that:

2 validation points, pointing to 2 similar price ranges = a warm, optimistic feeling starting to build in my tummy.

CRYPTO PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 🤔

Man, the macro outlook is looking nice right now!

But what are our cycle indicators saying? Let’s find out…

The goal is to spot the bull market peak before the inevitable bear market hits your bags hard.

Since timing the top perfectly is almost impossible, we use various indicators to give us a better shot at taking profits before it's too late.

Below are the 6 indicators we track, with a color-coded system to show how close they are to signaling the market peak:

🟢 Plenty of room to run 🏄

🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️

🔴 We’ve hit the market top indicator 🚨

Every Thursday, we update these 6 indicators exclusively for PRO members.

Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point.

Let's dive in and see if we're anywhere near the top of this bull market. 👇

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GO CRYPTO PRO AND UNLOCK:

Full access to the 6 bull market peak indicators above to help you spot the bull market top before it’s too late 📈
Weekly reports that help you spot early trends, navigate the markets by limiting risk & catch those sweet cha-ching moments 💰
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GO PRO TODAY

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