About Coinbase

Coinbase is one of the largest and most well-known cryptocurrency exchanges in the world. Founded in 2012, Coinbase has grown to over 98 million verified users and processes billions in crypto trades every month. The company went public in April 2021 via a direct listing and was valued at nearly $86 billion at its peak, making it one of the highest valued exchanges.

Coinbase has cemented itself as a leader in the crypto space by providing an easy-to-use platform for buying, selling, transferring, and storing major cryptocurrencies like Bitcoin, Ethereum, and others. The company has also expanded its offerings to include custodial services for institutions, derivatives trading, DeFi services, NFT marketplace, and more.

The meteoric rise of the cryptocurrency market has been a key driver behind Coinbase’s growth. The total crypto market cap exploded from around $775 billion in January 2021 to $3 trillion in November 2021, bringing mainstream attention to digital assets. As more investors entered the market, Coinbase saw record-breaking trading volumes and revenue growth.

The long-term outlook for cryptocurrency adoption also bodes well for Coinbase. Surveys show that 15-20% of Americans own crypto already, indicating significant room for growth. As digital currencies continue to integrate into finance and payments, companies like Coinbase stand to benefit tremendously as cryptos become more mainstream.

Coinbase (COIN) Historical Performance

Since its public debut on April 14, 2021, through a direct listing, Coinbase’s stock has experienced significant ups and downs. On its first trading day, Coinbase started at $381 per share, resulting in an initial market cap close to $100 billion. The very next day, the stock price soared to $429 per share, which showed the immense interest of investors in the US’s first publicly traded crypto exchange platform.

But by May and June 2021, major cryptocurrencies like Bitcoin and Ethereum saw declining prices, which affected Coinbase. As crypto values dropped, so did trading volumes and transaction fees for Coinbase. By mid-July, its stock price had fallen to around $208 per share.

However, the mood shifted in Coinbase’s favor in fall 2021. The stock climbed back to the $350-360 range in November, thanks to rising crypto prices and trading volumes. But, Due to increasing inflation and interest rates, which was caused due to a tech stock downturn in late 2021 and early 2022, the Coinbase’s stock was pulled below its IPO price, reaching under $200 per share.

Throughout 2022, Coinbase’s stock remained volatile, swinging between $70 and $280 per share. This fluctuation in the stock was influenced by crypto prices, trading activity, and tech stock views. Overall, the trend leaned downward.

By August 2022, Coinbase’s market cap was around $20 billion, a drop from its $86 billion peak. In the future, Coinbase’s success will depend on its growth and market share in the ever-changing crypto industry. Also, The unpredictable nature of cryptocurrencies will continue to play a major role in Coinbase’s stock value.

Key Milestones in COIN’s Stock Price Journey

Here’s a table capturing some pivotal moments in Coinbase’s stock history post its public inception:

Coinbase Current Stock Analysis

To thoroughly analyze the current standing of Coinbase stock, especially given its notable dip from post-IPO peaks, it’s important to look into two primary analytical approaches: Fundamental Analysis and Technical Analysis. These both methodologies will provide a comprehensive understanding of the stock’s present valuation and its potential trajectory.

Fundamental Analysis

Fundamental analysis dives deep into a company’s financial health and performance. For Coinbase, the numbers from Q2 2022 provide a mixed picture:

• Net Revenue: Coinbase reported a net revenue of $808 million in Q2 2022. This is a decline from the $2 billion it reported in Q1 2022, a clear indication of the reduced crypto trading volumes.
• Monthly Transacting Users (MTUs): The number of users actively transacting on the platform was 9 million, a slight dip from the 9.2 million in the previous quarter.
• Assets on Platform: The assets held on the platform saw a significant drop, standing at $96 billion, down from the previous quarter’s $256 billion.
• Trading Volume: The trading volume too witnessed a decline, with the numbers being $217 billion, down from $309 billion.
• Earnings per Share (EPS): The EPS showed a stark contrast between the two quarters. It was -$4.98 in Q2 2022, compared to a positive $3.05 in the previous quarter.

Despite these numbers, there’s a silver lining for Coinbase. The company boasts a robust cash reserve, with over $6 billion in its coffers.

Technical Analysis

On the technical front, the story of Coinbase’s stock has been one of decline since its highs in 2021. However, there are some signs of recovery:

• Recent Performance: The stock has shown some resilience, bouncing back from its 52-week lows around $50. But it faces a hurdle at the $100 mark.
• 52-Week Range: Over the past year, Coinbase’s stock has seen considerable movement, oscillating between a 52-week low of $40.83 and a high of $368.90. Such a broad range underscores the stock’s significant volatility during this period.
• Moving Averages: In terms of short-term trends, Coinbase’s 50-Day Moving Average is positioned at $71.02. The stock’s current trading level, being slightly above this mark, indicates a potential short-term upward momentum. On the other hand, the 200-Day Moving Average for Coinbase is pegged at $151.12. With the stock trading considerably below this level, it might hint at a bearish outlook for the medium to long term.

For Coinbase’s stock (COIN) to show a positive technical trend, it needs to break past its moving averages and the resistance of its current downtrend. The recent upward movement from its lows does offer a glimmer of hope, but it remains to be seen if this momentum can be sustained.

Coinbase (COIN) Stock Price Prediction & Forecast

Based on current stock analysis and historical performance, we’ve projected the potential trajectory of Coinbase’s stock price in the coming years. Here’s a closer look at the predictions:

Coinbase (COIN) Stock Price Prediction & Forecast 2024

By 2024, Coinbase’s stock is anticipated to experience significant growth. The minimum price is projected to be $123.45, with an average price standing at a promising $172.75. On the higher end, the stock might even touch $223.65. This represents a growth of 136.13% based on the average price, reflecting the increasing adoption of cryptocurrencies and Coinbase’s potential expansion strategies.

Coinbase (COIN) Stock Price Prediction & Forecast 2025

Moving on to 2025, the forecast remains optimistic for Coinbase. The stock’s minimum price is expected to rise to $142.35, with the average price reaching $203.65. If market conditions remain favorable, the stock could potentially soar to a maximum of $263.55. This would mean a growth of 178.33%, indicating Coinbase’s potential to capitalize on new market trends, technological advancements, and its stronghold in the crypto exchange domain.

Coinbase (COIN) Stock Price Prediction & Forecast 2026

By 2026, the bullish trend for Coinbase’s stock seems to continue. The stock is predicted to have a minimum price of $163.45, an average price of $253.35, and, in an optimistic scenario, it might climb to $343.45. This translates to a growth of 246.21%. Such a surge could be attributed to the global acceptance of cryptocurrencies, regulatory advancements favoring the crypto industry, and Coinbase’s endeavors in enhancing user experience and security.

Coinbase (COIN) Stock Price Prediction & Forecast 2027

As we venture further into the future, the year 2027 holds substantial promise for Coinbase’s stock performance. The stock’s minimum price is projected to be $182.65, while the average price could ascend to an impressive $305.75. In a bullish market scenario, the stock might even peak at $423.65. This indicates a growth of 317.93% based on the average price. Such a rise can be attributed to the potential mainstream adoption of cryptocurrencies, Coinbase’s strategic partnerships, and its potential dominance in the crypto exchange market.

Coinbase (COIN) Stock Price Prediction & Forecast 2028

By 2028, the momentum for Coinbase’s stock is predicted to remain strong. The stock’s minimum price is expected to be $212.35, with an average price soaring to $363.45. On the higher spectrum, the stock could potentially reach a value of $513.45. This represents a growth of 396.74%, reflecting the platform’s potential innovations, its expansion into new crypto services, and the broader acceptance of digital currencies in the global financial ecosystem.

Coinbase (COIN) Stock Price Prediction & Forecast 2029

Approaching the end of the decade, 2029 seems to be a pivotal year for Coinbase’s stock. The forecast suggests a minimum price of $243.55, an average price of $435.65, and in a highly optimistic market condition, the stock might climb to a staggering $623.75. This would translate to a growth of 495.62%. Such a surge could be driven by the maturation of the crypto market, Coinbase’s potential global expansions, and the integration of advanced blockchain technologies into various sectors.

Coinbase (COIN) Stock Price Prediction & Forecast 2030

As we transition into a new decade, the year 2030 is anticipated to be significant for Coinbase’s stock trajectory. The forecasted minimum price stands at $283.65, with an average price potentially reaching $505.45. In an optimistic market scenario, the stock might surge to a high of $723.35. This suggests a growth of 590.48% based on the average price. Such a remarkable rise could be influenced by the broader institutional adoption of cryptocurrencies, Coinbase’s diversification into other financial services, and potential regulatory advancements favoring the crypto industry.

Coinbase (COIN) Stock Price Prediction & Forecast 2040

A decade later, in 2040, the momentum for Coinbase’s stock is predicted to remain robust. The stock’s minimum price is projected to be $453.45, with the average price soaring to an impressive $805.65. In a bullish market, the stock could peak at a remarkable $1,153.35. This represents a growth of 1,001.51%. Factors contributing to this ascent might include the global dominance of digital currencies, Coinbase’s technological innovations, and its potential leadership in decentralized finance (DeFi) platforms.

Coinbase (COIN) Stock Price Prediction & Forecast 2050

By 2050, the landscape of the financial world and the role of cryptocurrencies within it might be vastly different. For Coinbase, the stock’s minimum price is anticipated to be $703.45, with an average price of $1,003.55. On the higher end, the stock might achieve a value of $1,303.65, translating to a growth of 1,271.33%. Such a monumental rise could be driven by the potential global ubiquity of cryptocurrencies, Coinbase’s strategic global partnerships, and the integration of advanced blockchain solutions in various industries worldwide.

Is Coinbase Stock Buy, Sell or Hold?

Currently, analysts have mixed feelings about Coinbase stock, as shown by MarketBeat data. The average rating is 3.16/5, which suggests a cautious hold. Here is the breakdown of recent analyst recommendations.

1. Buy Ratings: 3
2. Strong Buy Ratings: 5
3. Hold Ratings: 10
4. Sell Ratings: 5
5. Strong Sell Ratings: 2

Well, the Optimistic ratings highlight Coinbase’s strong position as the biggest US crypto exchange, its well-known brand, and potential growth as more people use cryptocurrencies. They believe that the current drop in crypto markets and Coinbase’s stock price won’t last long.

On the other hand, some analysts are more cautious or even negative in the short term. They think that growing competition and slow growth of Coinbase in 2023 is the reason they suggest to avoid buying more Coinbase stock right now. They also recommend to sell some of the Coinbase stock as the company is losing customers to its competitors from other countries.

While they still see potential in the crypto market in the long run, they think it’s best to wait because of the current challenges the company is facing and the overall market’s ups and downs. Investors who are willing to take more risks might consider buying now, but others looking for a safe bet might want to wait for a better time.

Coinbase (COIN) FAQs

Is Coinbase safe to use?

Coinbase is one of the safest and most reputable crypto exchanges, with robust security measures like 2-factor authentication, offline storage of crypto keys, and insurance coverage for assets held online.

What cryptocurrencies can you buy on Coinbase?

You can buy over 100 cryptocurrencies on Coinbase including major coins like Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. They continue adding support for more assets over time.

Does Coinbase report to the IRS?

Yes, Coinbase complies with IRS regulations by issuing 1099-K tax forms to users with over $20,000 in transactions. This reports your capital gains/losses for tax purposes.

Is Coinbase free to use?

Coinbase offers free accounts with basic trading capabilities. However, for active trading they charge transaction fees around 0.5%. For advanced features, users pay subscription fees for Coinbase Pro and Prime.

Can I stake crypto on Coinbase?

Yes, staking allows you to earn yield on supported coins like ETH, SOL, and ALGO. Simply hold the assets in your Coinbase account to automatically earn staking rewards over time.

Is Coinbase worth the fees?

For basic buy-and-hold investing, the fees may be higher than competitors. But frequent traders and institutions may find its advanced features and liquidity worth the premium pricing.

What will Coinbase stock be worth in 2025?

By 2025, The Coinbase can reach over $200, with minimum and maximum price ranging between $140 and $260.

Is it good time to invest in Coinbase?

According to 18 Wall Street analysts, 3 recommend buying, 10 suggest holding, and 5 advise selling the stock. Overall, they recommend a moderate hold rating for Coinbase stock. Investors willing to take on more risk can consider buying now, while others can wait.

How to Buy Coinbase Stock?

There are various platforms where you can Coinbase stock. But, I would recommend Robinhood, a commission free investing app, or eToro, to buy share If you are a young investor or new to investing.