# Сопутствующие статьи по теме Growth

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Growth", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

**Title: Is CRCL Expensive Now? A DCF Valuation Analysis of Circle's Stock** **Summary:** This analysis uses a discounted cash flow (DCF) model to estimate the fair value of Circle (CRCL) stock, focusing on its USDC stablecoin business. Key assumptions include: USDC circulation of $70 billion by end-2025, growing at an average annual rate of 15% from 2026 to 2035; a 2.5% average benchmark interest rate; 38% gross margin; fixed operating costs of $500 million in 2025, increasing 10% annually; 24% effective tax rate; 10% discount rate; and a terminal PE multiple of 20. The fully diluted share count is 275 million. The model calculates EBITDA as interest income (USDC circulation × interest rate × margin) minus fixed costs. Free cash flow (FCF) is derived after taxes. The present value of explicit FCF (2026–2035) is $2.282 billion, and the terminal value (2035 FCF × 20) discounted to 2026 is $7.138 billion. The total enterprise value (EV) is $9.42 billion, implying a fair stock price of $34.25 per share as of January 2026. Sensitivity analysis shows that if USDC growth averages 20% annually, the fair value rises to ~$62 per share, suggesting potential margin of safety at current prices (around $62 in early February 2026). However, short-term volatility, forced sellers, and leverage risks are highlighted. The model is conservative, excluding other revenue streams (e.g., Circle’s emerging products like Arc chain) and emphasizing USDC’s growth and competitive sustainability as key variables. Historical USDC growth (2020–2025 CAGR ~76%) is noted but not assumed to continue. The conclusion underscores the need for evidence-based conviction to withstand market noise. *Note: This is a thought experiment, not investment advice.*

marsbit02/03 06:06

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

marsbit02/03 06:06

Avalanche RWA TVL hits $1.3B – Is AVAX next to rally?

Avalanche's RWA) Total Value Locked (TVL) reached $1.3 billion, driven by steady infrastructure growth and institutional adoption. Key factors include its subnet architecture, which enhances performance by isolating workloads and reducing congestion, and its compliance-friendly design, attracting regulated institutions. Notably, BlackRock expanded its $500 million BUIDL fund on Avalanche in Q4 2025, significantly boosting TVL and validating the network. Additional tokenized real estate and aviation loans contributed to this growth. Daily C-Chain transactions surged to 2.1 million, supported by RWA activity, gaming, and enterprise usage. Avalanche distinguishes itself in the on-chain RWA market by prioritizing institutional durability over retail speculation. Its subnet and Evergreen frameworks enable private, compliant chains suitable for traditional finance. The network offers sub-second finality, high throughput, EVM compatibility, and low fees, securing a leading position in the $19 billion global RWA market. Stablecoin activity reflects institutional demand, with a total supply between $1.63 billion and $2.19 billion. USDT dominates (49-55% share), while USDC accounts for 19-32%. Stablecoin transfer volume reached $69 billion over 30 days, growing 5.76%, indicating high-value settlement use cases rather than speculative trading. Overall, Avalanche is strengthening its institutional credibility through utility-driven growth in RWAs, stablecoins, and enterprise activity, supported by robust infrastructure and compliance alignment.

ambcrypto01/30 23:02

Avalanche RWA TVL hits $1.3B – Is AVAX next to rally?

ambcrypto01/30 23:02

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