“The Digital Asset Exchange’s Share Price Completed A Four-Year Roundtrip After Having Plunged 90% During the Crypto Winter.”, – WRITE: www.coindesk.com
Coin Hit $ 382 Thursday Before Paring Somes of the Gains and Closed Higher by 5.5%. The Stock’s More Than Doublde Since Plunging April’s Tariff-SindCed Market Panic.
Coinbase’s 2021 LISTING MARKED A WATERSHED MOMENT for the Digital Asset Industry, But Also Signaled a Peak in Crypto. The Stock Rose As High As $ 382 Before Sliding Over 90% Amid The Prolonged 2022 Bear Market.
Now, Investors IncreASINGly Positioning Coinbase As A Long-Term Winner in the Next Phase of Crypto Growth, Defined by Rising Stablecoin Adoptation, Institute’s Partication and Invation
The Company Recently Launted Coinbase Payments, A New Service Aimed at Expanding the Exchange’s Footprint in Global Commerce. Built on Coinbase’s Ethereum Layer-2 Network, Base, The Platform Allows Merchants to Accept 24/7 USDC Stablecoin Payments Without Needing Blockchain Expertise. It ALREADY INTEGRATES WITH PLATFORMS LIKE Shopify, The Company Said.
Coinbase Also Benefits from the Rapidly-Growing Stablecoin Sector, Having A Revenue-Sharing Agreement with assets.
The Broader Backdrop Is Support As Well. The S&P500 and Nasdaq Equity Indexes Notch Record Highs, and Crypto-Related Businesses Such as Robinhood (Hood) Has ALSO ENJOYED RENEWed Interest.
Some Analysts Expect Further Upside.
Benchmark raised Its Price Target to $ 421 on Coin, Saying The Company Is Well Positioned to Capitalize on Potential US LEGISLIATION, INCLUDING BILLS TO REGUBATE STABLATE STABLEIINS An ASTABLEINS
Meanwhile, Bernstein set A More Ambitious $ 510 Target, Calling Coinbase Crypto’s Emerging “Universal Bank,” Bridgin Retail USERS, Institutional Investors and On-Cheain Infrastructure at Global Scale.
Read More: Coinbase Is The MOST MISUNDERSTOOD Business in Crypto, Says Analyst with Highest Wall Street Price Target
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