Top 3 Crypto Stocks With Big Upside Potential To Watch In June

Crypto stocks are gaining attention this June, with some displaying immense upside potential.

Notably, this spotlight coincides with Bitcoin’s recent rebound to $105,438.72, which has raised interest in companies related to digital assets.

Due to their recent performance and links to the broader crypto market, MARA Holdings Inc., Coinbase Global Inc., and Riot Platforms Inc. are in focus.

With Bitcoin previously touching $112,000, regulatory discussions are heating up in the United States.

These stocks are showing momentum that traders and long-term investors are watching closely.

MARA Stock Gains After Mining Boost

MARA Holdings Inc., trading at $14.32 has become a major player in the Bitcoin mining industry. Its market value is pegged at $5.10 billion.

Recently, the company revealed it mined 950 Bitcoins in May, marking a 35% increase from April.

This milestone pushed its total Bitcoin holdings past 49,000 units. Just days after the report, the company’s shares jumped 3%.

However, it is worth noting that MARA remains volatile, losing 10.50% last month alone.

Likewise, the crypto stock mimics the market’s downturn earlier in the month, which saw Bitcoin slip to $103,100, pressuring mining shares.

Yet, MARA’s investment in energy-efficient mining rigs suggests a plan to boost returns when prices rise again. While this bullish twist is forming a tailwind, there are concerns worth watching.

Talks around U.S. regulations targeting crypto miners’ energy use could affect operations. Recent geopolitical tensions, including Israel’s airstrikes on Iran, are also adding further uncertainty.

Despite that, MARA’s expanding scale and robust infrastructure, rated at 54 exahash per second, help support its upside potential for the rest of June.

Coinbase Stock Climbs on Shopify Seal and Volume Surge

Another top crypto stock to watch is Coinbase Global Inc. COIN, trading at $306.35, continues to lead as a top exchange in the US crypto market scene.

With a $76.93 billion market cap, its stock has gained 28.99% in just one week. Much of this boost comes from a June 12 announcement about a partnership with Shopify.

The deal allows 5.5 million merchants to accept Bitcoin as payment, which alone strengthened the crypto stock.

It is important to state that Coinbase’s performance shows growing interest in trading activity. This is pivotal as Bitcoin’s current price looks to breach its ATH above $111,900.

The report indicated that the firm recorded 14.23 million shares traded in a single day, showing high investor attention.

With a price-to-earnings ratio of 56.83, the stock shows crypto market confidence in its long-term plans.

Reports also show that Coinbase is actively lobbying for clearer crypto rules in the United States.

Recently, we covered that Coinbase’s Chief Policy Officer, Faryar Shirzad, pointed out that implementing stablecoin legislation is a matter of national urgency.

This, in summary, will benefit Coinbase through its revenue-sharing agreement with Circle.

Riot Crypto Stock Stays Steady with Solid Production Boost

RIOT by Riot Platform Inc. was priced at $9.56 at the time of writing. It is worth noting that before the minor dip, it was priced at $9.81, and incidentally, is another Bitcoin miner showing promise.

It gained 9.85% early this month after reporting it mined 514 Bitcoins in May. This makes a 1% increase from what the firm did in the past.

Earlier this month, its stock responded positively with a unique breakout prospect. Riot operates leaner than larger firms with a market cap of $3.52 billion.

However, one thing is clear: the crypto market favorite firm is deliberate about its growth as it continues to expand its footprint, particularly in Texas.

The company benefits from a $200 million credit line extension with Coinbase, which supports its mining operations.

While U.S. mining rules remain uncertain, Riot’s low-cost setup offers an advantage if Bitcoin prices rise further.

Its daily price movement, ranging narrowly from $9.81 to $10.14, shows stability.

Notably, as more companies like Strategy add Bitcoin to their balance sheets, RIOT and miners will continually gain relevance.

Riot’s position in the market keeps it among the crypto stocks with upside potential in June.