Strong Cryptocurrency Growth Could Translate To Big Gains For Coinbase
- Date: 02-May-2021
- Source: Nasdaq
- Sector:Financial Markets
- Country:Middle East
Strong Cryptocurrency Growth Could Translate To Big Gains For Coinbase
As has been the case for all recent cryptocurrency-related events, the Coinbase (COIN) initial public offering garnered significant investor attention. Coinbase’s platform facilitates cryptocurrency buying, selling, and storage.
On listing, COIN stock surged to a high of $429. This has been followed by some profit taking, and the stock currently trades at around $300. It seems that Coinbase is attractive for long-term exposure considering the wider adoption of cryptocurrencies. Company specific fundamentals also point to the stock trending higher.
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