Gemini Stock Climbs Near $30 Target as Crypto Card Sign-Ups Surge

Gemini stock is experiencing a rebound after a steep drop following its IPO. Analysts predict a strong performance for the crypto company, with a price target of around $30 on the rise in crypto card sign-ups and European expansion. 2025 sees Gemini’s crypto card sign-up numbers jump from 8,000 to 31,000. The stock is currently trading near $23. Analysts believe this growth will fuel future revenue. Gemini’s recent success with its crypto credit card has been a key driver of the company’s recovery. Sign-ups have increased significantly since launch, and users are turning into active traders. The company also secured approval to expand services in Europe under the MiCA law, potentially reaching new customers. This growth comes despite challenges Gemini faced in 2022 following the collapse of FTX, which caused liquidity issues with Genesis Capital. 2023 saw a return of trust for investors through legal settlements and internal investments. While other crypto giants like Coinbase, MicroStrategy, and Circle are performing well, analysts remain optimistic about Gemini’s future due to its growing customer base and expansion into Europe. The average price target for the stock is $30, reflecting growing confidence in the company’s European expansion strategy.