Crypto Mainstream Adoption Has Increased in Recent Months, Canaccord Says

Crypto Mainstream Adoption Has Increased in Recent Months, Canaccord Says


Galaxy Digital price target raised to C$23 from C$17 at Canaccord. The crypto financial services firm is well positioned to benefit from the continued adoption of digital assets, the report said. The company’s mining assets could appreciate in value if the AI trend continues, the broker said.

Galaxy Digital (GLXY) is well positioned given its strong institutional exposure to benefit from the continued adoption of digital assets on a structural basis, broker Canaccord Genuity said in a research report on Monday raising its price target for the crypto financial services firm.

Canaccord raised its Galaxy price target to C$23 from C$17 while

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