How Coinbase Stock Rose 40.4% Last Month
Shares of Coinbase Global (NASDAQ: COIN) gained 40.4% in October, according to data from S&P Global Market Intelligence. The cryptocurrency broker followed along as many of its most popular digital tokens posted massive gains. For example, market-leading cryptocurrency Bitcoin (CRYPTO: BTC) gained 48.7% last month while blockchain-based smart contracts platform Ethereum (CRYPTO: ETH) posted a 51.4% return.
Both Ethereum and Bitcoin are setting new all-time highs again after a dip in the crypto market that stretched from May to September. Cryptocurrencies are still extremely volatile but the market has taken many steps toward a calmer and more predictable future.
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Source Fool.com
