COIN - 3 Reasons Coinbase Is a Star in the Making
2024-06-15 06:00:00 ET
Although it may seem premature, it's clear that Coinbase Global (NASDAQ: COIN) is already a standout performer. During the past year, its stock has surged by 350% and climbed more than 600% from its 2022 lows.
Despite this remarkable recovery, it is still about 35% below its all-time high. A closer look reveals that Coinbase has the potential to not only reclaim its previous heights, but to surpass them significantly as it reaches its full potential. Here are three compelling reasons Coinbase is a star in the making.
The first reason is its remarkable resilience. As the crypto winter waylaid the market in 2022, Coinbase saw its revenue and profit tumble, culminating in a net loss of $1 billion in second-quarter 2022.
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3 Reasons Coinbase Is a Star in the Making