COIN - Could This Undervalued Stock Make You a Millionaire One Day?
2024-04-18 07:45:00 ET
During the crypto winter of 2022, Coinbase Global (NASDAQ: COIN) shares fell more than 90% as activity on its crypto trading platform dried up. But as the crypto market built momentum and Coinbase continued to increase its product offerings, its stock has climbed more than 500% since the beginning of 2023 in what might be the ultimate comeback story.
Although hindsight is always 20/20, it's clear that investing during those dismal days in 2022 would have been the most opportunistic time. For those of you who have been following my coverage of Coinbase, you would have seen this opportunity and be comfortably up more than 300%.
Those days have since passed, but one thing remains true; Coinbase is undervalued and misunderstood. Here's where the company might be headed and whether it has what it takes to make some new millionaires.
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Could This Undervalued Stock Make You a Millionaire One Day?