RudyAsh
29 Nov 23
Coinbase Global's stock has experienced a significant price increase of 247% during 2023, driven by the renewed rise in cryptocurrency pricing/interest. However, an uncertain regulatory environment for crypto trading, on top of analyst-projected operating losses until 2027, raises doubts about ...
Coinbase Global's stock has experienced a significant price increase of 247% during 2023, driven by the renewed rise in cryptocurrency pricing/interest.
However, an uncertain regulatory environment for crypto trading, on top of analyst-projected operating losses until 2027, raises doubts about COIN's future.
Weak technical trading indicators and momentum patterns suggest investors sell and/or avoid the stock.
Disclaimer:This is not financial advice. Please do your own research before investing in any asset.