Alliance Global Partners initiated coverage of SharpLink Gaming (SBET) with a Buy rating and $48 price target With almost $700M of daily trading volume, its partnership with Consensys, Ethereum founder Joe Lubin as chairman and Joseph Chalom as CEO with his investment background in digital assets, the company has the two most critical aspects to digital asset strategy success outside the performance of the underlying asset, the analyst tells investors in a research note. The firm believes the next phase of digital transformation is beginning with the shift to digital currency and the GENIUS Act regulating stablecoins is just the first step in a changing regulatory landscape.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBET:
- Mixed options sentiment in Sharplink Gaming Inc with shares up 4.09%
- SharpLink Gaming Boosts ETH Holdings and Proceeds
- SharpLink Gaming holds 797,704 Ethereum as of August 24
- Crypto Currents: Ether reaches new all-time high near $5,000
- Mixed options sentiment in Sharplink Gaming Inc with shares down 4.1%