Better Buy: Coinbase or Uniswap?
Cryptocurrency exchange Coinbase Global (NASDAQ: COIN) is up a stunning 72% this year. It remains a top pick of value investors, such as Ark Invest's Cathie Wood, who has repeatedly scooped up Coinbase shares on the cheap throughout 2023. For investors taking a long-term view of the crypto market, Coinbase has been an obvious choice.
But don't overlook the rise of decentralized cryptocurrency exchanges, such as Uniswap (CRYPTO: UNI), which continues to pose a significant competitive threat to Coinbase. In fact, Uniswap might actually have more long-term upside potential than Coinbase. Here's why.
Coinbase is a centralized cryptocurrency exchange, and Uniswap is a decentralized cryptocurrency exchange. That might seem like an arcane technical factor, but it actually has tremendous implications for how people invest in crypto. In the wake of the FTX (CRYPTO: FTT) meltdown last year, the debate over centralized exchanges and decentralized exchanges flared up into public view.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 67 Buy predictions and 12 Sell predictions.
With a target price of 226 € there is a hugely positive potential of 72.1% for Coinbase Global Inc. compared to the current price of 131.32 €.
