Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Coinbase Global Stock: Bear vs. Bull

TheMotleyFool

0 0

Coinbase (NASDAQ: COIN), one of the largest cryptocurrency exchanges in the world, took investors on a wild ride after its direct listing last April. It went public with a reference price of $250, hit its all-time high of $429.54 on the first trading day, and eventually closed at $328.28 per share.

Today, Coinbase trades in the mid-$230s. The market's initial enthusiasm fizzled out as Bitcoin's (CRYPTO: BTC) gains stalled, other speculative cryptocurrencies lost their momentum, and a growing number of regulatory threats cast dark clouds over the nascent industry.

But have investors become too bearish on this high-growth cryptocurrency stock? Let's compare the bear and bull cases to find out.

Source Fool.com

Like: 0

COIN

Share