Coinbase (COIN) Could See Performance Challenges, What It Means For Crypto
Leading crypto exchange Coinbase could suffer the consequences of the recent bearish price action across the sector. According to a report from analytic firm Similarweb, the company could see a challenging earnings season with potentially negative results. Related Reading | Coinbase And Kraken Promote “Fake Bitcoin”, Craig Wright Lawsuit Says So In 2021, the crypto peaked […]
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Jim Cramer, the host of CNBC’s Mad Money thinks Coinbase is the “natural repository of crypto” and has recommended buying the stock. Jim Cramer, the host of CNBC’s “Mad Money” has recommended buying Coinbase stock, and suggested that 5% of investment portfolios should be allocated to cryptocurrency.Cramer made the comments in the Lightning Round on Aug. 25 in response to a caller who asked whether buying Coinbase stock was a good way to get crypto exposure. The 66-year-old finance personality stated that while Coinbase’s listing went “very poorly” he views it as a big player in crypto: “I....
Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance. Bernstein Forecasts New Bullish Phase For Coinbase Despite these challenges, analysts at Bernstein hold an optimistic outlook on Coinbase’s stock price, suggesting a potential new bullish phase that could propel COIN to....
As Coinbase nears a possible IPO, the powerhouse exchange faces several big challenges, says Fortune senior writer Jeff Roberts.
Coinbase Global (COIN) going public on the Nasdaq has been nothing but negative for the crypto industry. It led to the peak in Bitcoin, carnage in altcoins, and even COIN itself got crushed in the days following the debut. But now COIN is beginning to bounce, breaking out from the only downtrend resistance it has […]
From price volatility to becoming the most valuable U.S. exchange, here is how well Coinbase’s first day of trading tracks with other companies. American crypto exchange giant Coinbase went public on Wednesday with a direct listing on Nasdaq.The company’s performance on day one has been hailed as being positive overall, with Coinbase becoming the most valuable exchange in the United States ahead of legacy players such as the Chicago Mercantile Exchange.Coinbase’s first day of trading was seen by market commentators as a watershed moment for the crypto space, but how does its performance....