“Going Vertical”: Coinbase Closes at Record High Despite Analyst Uncertainty - adtechsolutions

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“Going Vertical”: Coinbase Closes at Record High Despite Analyst Uncertainty


Coinbase Global Inc. (Coin) ended Thursday’s business session at a new time at a maximum of $ 369.21, which caused the excitement between investors and mixed analysts’ reactions.

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The shares increased by 3.89% of the day and nearly 40% in the last month, which meant 3.3% profit compared to the previous record $ 357.39 set in November 2021.

The overvoltage leaned in a bold reaction from the CEO of Real Vision Raoul Pal, which published“Go vertical,” in response to a milestone.

“The next step, crypto – liquidity SPIGOT is wide, wide open,” he added, signaling expectations for the wider market pace.

The new Maxim Coinbase comes when the company enters the S&P 500

The new Coinbase High record is followed by its recent integration into the S&P 500 19th May Index, the historical first for the cryptoral company.

The company was the most powerful shares on Tuesday on Tuesday and published a profit of 12.10%.

Some analysts attribute the momentum to political development, including the development of the brilliant law in the US house 17th June.

The aim of the bill is to bring greater clarity to Stablecoin regulations. Coinbase, which together created USDC Stablecoin with Circle Internet Group, earns half of its income from Stablecoin operations.

Despite the bull price action, experts are divided into whether Coinbase can maintain its ascending trajectory.

Investment advisor Andy Heilman recognized the power of shares, but suggested that she could pull out.

“A weekly view of $ Coin looks very bull, although this is due to a pullback,” he wrote on X, adding that technical patterns indicate “possible four -digit prices” in the long run.

Others repeated similar optimism carefully. Cantonese analyst noted that the expanding Daily Bollinger Band suggests that the shares “just want to climb”.

Meanwhile, colleague analyst Chad warned that coins seem to be “excessively widespread over the upper Bollinger Band”, signals a potential Cooldown.

For long -term holders, the assembly brought a sense of relief. “After buying Coinbase 1. The day I finally back to the price I paid, 4 years later,” the crypto commentator Whoisat said.

Coinbase debuted at Nasdaq in April 2021 for $ 381 per share, but closed the first day after $ 328.28 after a sharp intraday decline.

Coinbase Q1 income rises but profit decreases by 94%

Coinbase Mixed results of the first quarter reportedThe revenue increased by $ 24% year -on -year to $ 2 billion, but did not reach AO analysts 10% compared to the previous quarter.

While the revenue from transactions increased to $ 1.26 billion, its subscription and services division – communicating offer and victim in custody, it increased by 37% to nearly $ 700 million, reflecting growing diversification outside trading.

Despite the increase in income, net income dropped by $ 94% to $ 66 million because the company reflected its cryptometers in market volatility.

The modified profit was $ 526.6 million, ie $ 1.94 per share, still under last year’s number $ 2.53. Operating costs increased by 51% to $ 1.3 billion due to aggressive marketing and registration of asset.

Contribution “Going Vertical”: Coinbase closes on the record high in spite of the uncertainty of analysts He appeared for the first time Cryptonews.





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