Circle Internet Group (Derivatives) (CRCL)

Circle stock continues to decline: removed from Russell indices!

Circle ($CRCL) was removed from the Russell 1000 Growth, Russell 3000 Growth and Russell Midcap Growth indices as part of Russell’s annual index update.

This decision could increase selling pressure in funds that track these indices.

While CRCL shares have fallen 32.8% over the past 30 days, after competitor Open Standard announced a new stablecoin Open USD with support from financial companies, it fell another 16.55% today to $62.

#Circle ($CRCL) shares tumbled more than 17% after a consortium backed by some of THE BIGGEST NAMES in

#payments,
#banking, and
#crypto

unveiled Open USD, a new stablecoin designed to challenge incumbents such as ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.

@openstandard

First, the conclusion: CRCL can be bought.
But you have to wait.
Wait until no one is discussing this token.
Wait until no one is discussing the crypto market.
Just wait.
If you can't accurately judge the timing and want to be overly cautious, then lower the expected price a bit.

I don't want to discuss moats or similar concepts.
I only look at a few points.
Whether the price is attractive. (How low can it fall, how high can it rise?)
(Reward-to-risk ratio)
If the market comes, does it have the characteristics to generate FOMO sentiment?
(Rebound strength)