Coinbase price, Coinbase stock price predictions 2022-2025. does NASDAQ COIN best for you.
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| Coinbase price, Coinbase stock price predictions 2022-2025. |
Coinbase's stock price is back below $200 after briefly trading in the rough territory last week. In particular, its price movement is similar to that of major cryptocurrencies. With this ratio in mind, this article looks at the short-, medium-, and long-term outlook for Coinbase's stock price as investors await its Q4 21 earnings report.
Coinbase price history
History of Coinbase Global, Inc. It was published in mid-April 2021. At the time, its stock price was at an all-time high of $429.12. A month later, it fell to $208.62, below its current price of $205.74.
Coinbase's price movements in recent sessions are similar to cryptocurrencies such as Bitcoin and Ethereum. For example, the price of Bitcoin rose from a six-month low of 32,950.55 two weeks ago to 45,929.30 last week. Since then, it has traded below the key $45,000 level.
Additionally, Ethereum is slipping below the $3,200 support reversal resistance level after briefly rallying last week. Against this trading price, Coinbase shares fall below $200 as the bulls failed to break out of that area last week.
Rising prices for various cryptocurrencies boosted Coinbase shares as more investors dive into the digital asset. Unfortunately, the crypto exchange Coinbase was among the traffic that was shut down for a while. The commercial follows Super Bowl LVI.
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What is the market cap of Coinbase?
Market value is an important parameter in valuing a company. It is obtained by multiplying the outstanding shares by the company's share price. According to Yahoo Finance, Coinbase has a market capitalization of $51.13 billion.
Is Coinbase a good investment?
Coinbase Global has been on a downward trend since late last year. However, several reasons justify its position as a good investment.
Coinbase is part of the marketplace
First, the company remains one of the leading cryptocurrency exchanges in the world. As shown in the chart below, it has the sixth largest daily trading volume. While other companies may go public in the coming years, Coinbase is likely to remain one of the most popular institutions in the United States and around the world.
Cryptocurrency adoption rate
Cryptocurrency adoption rates have increased recently. According to the Chainalysis Global Crypto Adoption Index 2021, the result was at the end of the second quarter of 24 years. For comparison, let's note that last year it was 2.4. In 2020, the adoption rate increased by 881% and 2,300% between 3Q19 and 21Q1. A continuation of this trend is expected to boost Coinbase's stock price in the coming months.
Is Coinbase Profitable?
Coinbase Global, Inc missed revenue and profit estimates in 3Q21. Also, amid the recent market sell-off, its stock price has plummeted in recent months. As the chart below shows, the company remains profitable despite the turmoil.
Coinbase Price Prediction 2022
As already mentioned, the capital has been in decline since mid-November 2021. During this period, it decreased by 46.95%. Despite the decline, many analysts are bullish on Coinbase's price in 2022.
As shown in the figure below, the analyst consensus rating is Buy. The latest tranche is a viable buying opportunity for investors based on competition and high growth. With a target price of $373.72, a 91.41% upside is expected.
According to Coinbase's stock price forecast through 2022, Goldman Sachs reiterated its view that the asset is a good buy at current levels. Although Citigroup lowered its trading price on the coin from $415 to $300, it remains relevant to the price movement of the cryptocurrency exchange. Meanwhile, Bank of America (BoA) was upgraded from neutral to buy with a $340 higher rating.
Coinbase Stock Price Technical Analysis
A look at the daily chart shows that Coinbase's share price is under pressure despite the recent recovery. It is still below the 25-day and 50-day moving averages. In the short term, it may move towards the $200 level, where it finds resistance at $207.96, the 25-day moving average. After that, it can be linked to videos that come with minimum volume support of 175.52.
With confidence building, Coinbase could reach $250 in the coming months. Level is the main position in NASDAQ: COIN since May 2021. The Bulls will have to do it though.
Coinbase Stock Price Prediction 2025
According to Wallet Investor, Coinbase's 2025 stock forecast is quite low. The company expects the cryptocurrency’s share price to reach $155.40 by early 2025. It is expected to fall to $147.12 by mid-2025 and $137.11 by the end of the year.
It is worth noting that although Coinbase’s share price forecast for 2025 is optimistic, analysts maybe be. That’s why it’s important to do your own research on origins. Additionally, following a trading strategy that assesses your risk appetite can help you avoid big losses.
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