Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs – Finance Bitcoin News

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Coinbase shares have dropped significantly and today, COIN is swapping for more than 45% below that value at $187 per unit.

ran up to another price high beyond $64K to an all-time high of $69K, COIN hit another $342 price high. The stock is now close to half the $342 price high, and is 45.16% lower in value, trading at $187 per share. Similar to, the price is much lower than the ATH and in December COIN had a brief Holiday rally alongside the crypto economy’s passing comeback that month.

‘Fed’s Stance on Interest Rates Could Hurt the Stock’s Momentum,’ Says Boston Data Analyst Firm Trefis, the Boston-based data and analytics firm Trefis asked if the Coinbase stock was a good buy after such a sizeable correction. “The stock currently trades at just about 22x our projected 2021 earnings, which is not a particularly rich valuation for a highly profitable and futuristic stock with solid long-term earnings potential,” Trefis said on Wednesday.

 

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