How Meme Coins Are Driving Coinbase, Solana, and Lido Higher
After taking a breather last week, the crypto market picked up over the weekend and crypto stocks are reacting positively in early trading Monday. Meme coins, which provide no real value, are once again the hot topic of the day.
Coinbase Global (NASDAQ: COIN) has been one of the biggest winners. It was up 10.9% in early trading and is up 9.7% at 1 p.m. ET. Some of the biggest altcoins were also up big, with Solana (CRYPTO: SOL) up 13.5% from Friday's market close, Lido DAO (CRYPTO: LDO) gaining 13.2%, and Optimism (CRYPTO: OP) up 13.2%.
It's no surprise that when Bitcoin rises the rest of the market follows. In this case, Bitcoin is up 7.3% in the last 24 hours as I'm writing and altcoins have magnified that move.
Source Fool.com
Coinbase Global Inc. Stock
€194.00
-1.310%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 28 Buy predictions and 17 Sell predictions.
On the other hand, the target price of 161 € is below the current price of 194.0 € for Coinbase Global Inc., so the potential is actually -17.01%.
