Coinbase Stock? Coinbase is one of the world-leading cryptocurrency exchange platforms. The platform makes it easy to buy sell and store Crypto such as Bitcoin, Ethereum, etc. The company is was founded in 2012 by Brian Armstrong and Fred Ehrsam. It became the largest cryptocurrency exchange in the US by trading volume as of March 2021.
Furthermore, the platform offers a robust trading platform known as Coinbase Pro, which comes with outstanding features and charts to help the crypto community.
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The company introduced a stock known as COIN, which went public on 14th, April 2021. Find out more about the stock, its price, including how to get the stock in the sections under.
Below is what Coinbase Stock news has for you. On 22 April, Dan Dolev a Mizuho analyst-initiated coverage on the stock with a neutral rating and a 285-price target. Dolev said “over time, Coinbase pricing and industry pricing in general, may face downward pressure from platforms like Cash app and PayPal.
Because cash app and PayPal primarily use their crypto trading products as engagement tools, whereas Coinbase relies on its crypto trading products as the main source of revenue and profitability.”
Coinbase Stock Name
The Coinbase Stock name is COIN. This crypto exchange platform went public, with its share launching $381 on the Nasdaq stock exchange known as COIN. COIN is one of the hottest IPO stocks, as the popularity of crypto surges.
However, do you want to buy Coinbase Ipo stock? Be aware that the stock is currently trade between private investors on the NASDAQ private market. Retail investors can get ready to invest in public shares of Coinbase as soon as it enters the market.
Coinbase Stock Price
Coinbase was originally set to launch at $250 each share, but by 10:30 am ET, the opening price indicator changes to $342. The public sees it as one of the most anticipated listings of 2021. Some people estimated that it could have a valuation as high as $100 billion, though the company is taking a more conservative approach, valuing it closer to $65 billion.
Coinbase Stock Price Prediction
The current result of Coinbase stock shows how tied the company’s revenues are to the underlying bitcoin. Thus, with a bitcoin increase in price in the first quatre of the year, Coinbase revenue has surged. According to COIN, the revenue for Q1 2021 will likely be $1.8 billion vs 1.3 billion for the full year 2020.
Furthermore, Coin has kicked up the dreaded Demark 9 sell-through the hourly charts. Coin launched with a gap lower on Monday based on bitcoin’s weekend fall. So, this coin breached the Fibonacci 23.6% retracement from the opening day high to low. Support comes at $310.22, the day low, which is the current target from Demark’s sell signal.
However, based on the updates in April, COIN fights for gains as the bitcoin hangover continues. its share is lower by nearly 1% early on this session. Technically, the chart remains bearish with the Demark sell signal still in place. COIN breaks massive support at $338.32, which is a Fibonacci retracement level.
How to Buy Coinbase Stock
Follow the procedure below, to buy Coinbase stock.
- Register an account with a financial service company you like, that offers investors a trading platform, they can use to buy and sell shares of stock online.
- Determine the number of stocks you want to buy based on the total amount of money you can afford.
- Choose your type of stock order. The most common ones are market orders and limit orders. And the order type determines the amount you’re to pay for each share of Coinbase stock you purchase after carrying out your order.
- Then, execute your trade. This will be done by your Broker after you submit your order.
These are simple steps on how to buy the COIN.