Is It Time to Sell Coinbase?
As goes the cryptocurrency market, so goes (NASDAQ: COIN). The company's stock plummeted 86% in 2022 as investor appetite for the risky asset class plunged and Coinbase saw its trading volume tank.
But this year has been a complete turnaround as far as investor sentiment is concerned. As of Aug. 23, Coinbase shares were up 118% in 2023, crushing the broader Nasdaq Composite Index. They do, however, remain 78% off their all-time high.
After a monster price surge, is now the right time to sell Coinbase? Let's take a closer look at this top cryptocurrency stock.
Source Fool.com
Coinbase Global Inc. Stock
€126.72
-10.510%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 66 Buy predictions and 13 Sell predictions.
With a target price of 228 € there is a hugely positive potential of 79.92% for Coinbase Global Inc. compared to the current price of 126.72 €.
