This virtual currency broker can boast of being the most regulated crypto platform in the industry. Its listing on the stock exchange put it clearly above its competitors in terms of notoriety.
Today’s news from Coinbase as of 05/19/2022:
In a blog post Published on May 16 by Rishi Dean, Director of Product Management at Coinbase, the cryptocurrency exchange has made an update regarding the applications available on the Ethereum blockchain. From now on, it is possible to access web 3.0 thanks to the Coinbase application and without an intermediary.
This direct access includes all decentralized applications (dapps) based on Ethereum like OpenSea, Coinbase NFT or Sushiswap. All of this is possible with the new DApp Wallet and DApp Browser, powered by Multi-Party Computation technology.
On the side of analysts, the action Coinbase is rather attractive with the broker DA Davidson in particular recommending the stock for purchase with a target price of $160 against $197 for Oppenheimer, also in the “buy” position on the stock.
Medium-term Coinbase action opinion: Under the weight of the cryptocurrency bear market in early January, Coinbase stock hit all-time lows. It will be necessary to wait for the price to stabilize over a few days before considering buying it at very attractive prices.
Long-term Coinbase stock opinion: Coinbase has so far failed to hold above its IPO price. We think the startup was overvalued during its IPO. But once Coinbase’s stock price regains its balance, it will be an exceptional growth stock.
Here is the Coinbase live price.
Our overall opinion on the action Coinbase (COIN) for 2022
Coinbase Mirror Mag Rating: 9/10
68% of retail investor accounts lose money when trading CFDs with this provider. This may interest you: Meta Platforms (FB) Stock Review – Should You Invest Now? Our opinion, analysis and prediction 2022. You have to ask yourself if you can afford to take the high risk of losing your money.
Opinion on what is driving Coinbase stock down
Coinbase stock can be negatively impacted by a number of factors.
- Bitcoin drop
- Lower results
- Bearish phase of the crypto market
Opinion on what is driving Coinbase stock up
Coinbase stock can be positively impacted by a number of factors.
- Rise of Bitcoin
- Renewed interest in cryptocurrencies
- Fed dovish comments
68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. eToro users in France cannot open positions to buy real crypto assets, all orders are opened as CFDs.