Name of opportunity: 👀
Coinbase Global Inc
Bitcoin rally?: 🪙
Bitcoin has recently been rising in value (as have several other cryptocurrencies) - and with it, the cryptocurrency exchange platform Coinbase has seen its stock rise in value too. Coinbase’s stock is currently up 4.48% in the past week - it rose by 10% but has since fallen.
How hot is this investment opportunity? 🔥🔥🔥
Analysts currently predict the price of Coinbase Global Inc will increase from $257.63 to $266.72 in the next 12 months. If you invested $1000, you might profit $35.28.
However, if Bitcoin does rally, and rises in value significantly, then it’s likely that Coinbase stock would also see a big rise in value too. Approximately a third of all the cryptocurrency trading that takes place on Coinbase is Bitcoin.
Donald Trump will be a keynote speaker at Bitcoin 2024, an industry conference in Nashville. It takes place on Saturday this week. Trump has recently embraced crypto despite previously being sceptical - he has said that if he wins the US election, he will be the first ‘crypto President’. This has been a driving factor in the value of Bitcoin and other cryptocurrencies lately, and the run up to November’s election may bring more changes to the crypto market, depending on what happens. The attempted assassination drove up the value of Bitcoin because of investors believing that it might be advantageous for Trump’s election campaign.
Crypto trading: 📈
Coinbase is an American cryptocurrency trading platform which was founded in 2012. Traders can buy and sell over 260 different cryptocurrencies on the platform, and there are also a range of other products and services available, including a credit card that gives cardholders rewards in crypto (available in the US) and a digital wallet that allows you to safely store and spend cryptocurrency online (available worldwide). According to data shared last year, Coinbase had 110 million users internationally, a figure which has grown every year of the company’s existence and may well continue to grow.
Which neme?: 🔍
‘Meme Stocks’, ‘Crypto’
Download Nemo to see if Coinbase stock rises on Saturday after the Bitcoin 2024 conference!
