As 2024 wraps up a significant year for cryptocurrencies, several crypto-related stocks are performing remarkably well. Coinbase (COIN) started the year around $156, surged to the high-$200s by March, and achieved a 67% gain between election night and Nov. 11, with analysts raising the price target from $245 to $390 due to positive developments in custody services. MicroStrategy (MSTR), largely a leveraged trade on Bitcoin, has climbed over 323% in 2024, reflecting its significant Bitcoin holdings. Meanwhile, miners like Hut 8 and Core Scientific also saw substantial gains; Hut 8 increased 63% and Core Scientific’s stock nearly tripled after its relisting on Nasdaq and partnership with CoreWeave. The strong performance of these equities correlates with record-high Bitcoin prices and advancements in mining technology, positioning them among the best performers this year.

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