Last night, Circle's stock was officially listed, igniting market enthusiasm.
In contrast to Coinbase's peak and subsequent decline after its listing, Circle performed exceptionally well, with an IPO price of $31, soaring to $80 at the opening, peaking at $103, triggering upward circuit breakers twice, and finally closing at about $83, marking a rare strong opening in the US stock market in recent years.
Is this a dimensionality reduction strike by the crypto industry against the US stock market? Xiaohong believes that Circle may spark a wave of crypto IPOs, similar to the ICO boom in the coin circle in 2017, which may be reenacted in the US stock market until a super IPO like EOS emerges.
The EOS ICO lasted 341 days, raising 7.5 million ETH, which is approximately equivalent to $18.75 billion at current prices, an astonishing scale.
The capital market has very high expectations for stablecoins and the crypto sector, and the three major tracks of stablecoin, RWA, and DeFi within the coin circle are worth paying special attention to, as they may become the core infrastructure of a trillion-dollar market in the future.
