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3 Crypto Stocks to Watch This Week COIN, MIGI, ELWS

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Crypto Market Cools Down, But These Stocks Are Heating Up

The crypto market experienced a slight chill last week, with the global market capitalization dipping by 3% as traders took a step back to avoid potential losses. However, even in a sluggish market, specific crypto-related stocks are showing signs of life, driven by significant company news and strategic developments.

From major institutional partnerships to high-stakes compliance battles, the stories behind these companies are creating unique opportunities for watchful investors. Here are three crypto stocks to keep on your radar this week: Coinbase (COIN), Mawson Infrastructure Group (MIGI), and Earlyworks (ELWS).

1. Coinbase (COIN): Riding the Wave of Institutional Adoption

Coinbase, a titan in the crypto exchange world, is once again in the spotlight. The company’s stock (COIN) closed Friday’s session at $312.59, marking a solid 1.92% gain. The positive momentum isn’t just market noise; it’s fueled by a significant vote of confidence from the institutional sector.

On September 23, Caliber, a diversified real estate and digital asset management firm, announced it had selected Coinbase Prime as its institutional trading and custody platform. This move is part of Caliber’s Digital Asset Treasury (DAT) Strategy and signals growing trust in Coinbase’s ability to provide secure, deep liquidity for large-scale players. Partnerships like this reinforce Coinbase’s position as the go-to platform for institutions entering the digital asset space.

What to Watch for COIN:

  • Upside Potential: If this wave of institutional optimism continues, buying activity could push COIN’s price toward the $329.26 resistance level.
  • Downside Risk: Conversely, if broader market selling pressure takes hold, the stock could retreat to test its support level near $293.61.

2. Mawson Infrastructure Group (MIGI): Navigating Nasdaq Compliance

Mawson Infrastructure Group (MIGI) caught the attention of traders with an impressive 8.54% surge, closing Friday at $0.50 per share. This positive movement follows crucial operational and corporate updates that have seemingly reassured investors about the company’s future.

In a recent announcement, Mawson confirmed that its U.S. facilities are operating normally. More importantly, the company addressed its Nasdaq listing status. After presenting a compliance plan, Mawson has successfully secured an extension from the exchange, giving it more time to meet the necessary requirements and maintain its listing. This extension provides critical breathing room and has injected a dose of confidence back into the stock.

What to Watch for MIGI:

  • Upside Potential: Should this positive momentum build, MIGI has the potential to push past the $0.53 level.
  • Downside Risk: If selling pressure mounts or concerns about its compliance plan re-emerge, the stock could fall back to test support around $0.47.

3. Earlyworks (ELWS): A High-Stakes Race Against Time

Earlyworks (ELWS) also posted a strong performance, ending Friday’s session up 8.47% at $2.63. Similar to Mawson, the focus on ELWS is squarely on its relationship with Nasdaq, but the situation is far more urgent.

On September 23, Earlyworks announced that the Nasdaq Hearings Panel granted it a final extension until October 29 to regain compliance with listing standards. This is the company’s last chance. Earlyworks is actively working on equity financing initiatives to meet the requirements, but the clock is ticking. Failure to do so by the deadline will result in its securities being delisted.

This do-or-die scenario makes ELWS a highly volatile and speculative stock, with the potential for massive swings in either direction based on news of its financing progress.

What to Watch for ELWS:

  • Upside Potential: Any positive news regarding its compliance or financing efforts could send the share price climbing toward $3.16.
  • Downside Risk: Conversely, sustained selling or a lack of progress could see the stock plummet below the $1.94 support level.

Key Takeaways for the Week Ahead

While the broader crypto market remains uncertain, these <3 Crypto Stocks to Watch This Week> demonstrate that individual company narratives can create powerful market movements. Coinbase’s strength lies in institutional trust, while Mawson and Earlyworks are locked in crucial battles for their exchange listings. Investors will be monitoring these developments closely, as they present both significant risks and potential rewards in the days to come.

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