#CRCL Yesterday's highest price was $300, and its market cap once approached over $64 billion, surpassing USDC's market cap.
Currently, the latest data for USDC shows a total issuance of $61.6 billion, while CRCL's closing price is $263.45.
If we benchmark CRCL's market cap against USDC's market cap, the stock price needs to be around $280.
So the question arises, once CRCL's stock price exceeds $280 and its market cap surpasses USDC's market cap, does it enter an overvaluation era?
Currently, CRCL is down in pre-market trading, quoted at $247.31. Is it embracing a bubble? Or waiting for the bubble to return to value?
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