Written by Amy Legate-Wolfe at The Motley Fool Canada
When it comes to cryptocurrency stocks, many of them fluctuate widely thanks to the up and down price of Bitcoin (CRYPTO:BTC). That seems to be the case for this cryptocurrency stock, which saw shares rise 8% this week, only to fall back slightly by 4% the next day.
However, when it comes to cryptocurrency, Galaxy Digital Holdings (TSX:GLXY) is still the only one I’d buy. Here’s why.
What happened?
As mentioned, the broader cryptocurrency market has seen a resurgence, with Bitcoin experiencing significant price increases. Galaxy Digital, being heavily involved in the crypto space, has benefited from this trend.
Most recently, Galaxy Digital has been involved in innovative projects, such as the tokenization of high-value assets like a 300-year-old Stradivarius violin into an NFT. Such initiatives highlight the company’s active role in leveraging…
