Coinbase (COIN) Stock Price Forecast 2023, 2025, 2030 — Is COIN a Good Investment?

The share price of Coinbase (NASDAQ: COIN) has begun the year well. It reached $87.63, the highest amount since November 1 of the previous year. The recovery of Bitcoin‘s price has aided the resurgence of the stock market, which has been bolstered by the resurgence of cryptocurrencies. As a result, the stock price of the company has increased by more than 97% since its lowest point in 2022.

Based on daily trading volume, Coinbase Exchange is the second largest exchange in the world at present. As of 10 March 2023, around $2 billion worth of digital assets being traded daily on the platform. In addition, this makes it the largest cryptocurrency exchange in the United States. Binance US ranks second with only 17% of Coinbase’s total volume.

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Coinbase Stock Price History

When the middle of April 2021 rolled around, Coinbase Global, Inc. became a publicly traded business. The rising demand for cryptocurrency drove its share price to a new all-time high of $429.12.

It fluctuated between $260.93 and $208.62 from the middle of May to the middle of October of 2021. Granted, in the middle of August it spiked to a three-month high, over the upper border of the range.

After a breakout, Coinbase stock rose to a seven-month high in November 2021 before beginning a downward trend that has persisted into 2022. In May, the share price hit a new low of $40. As the crypto sell-off worsened, the stock eventually collapsed again, retesting its lows.

The value of Coinbase’s stock fell dramatically in 2022. Starting the year at $260, it was a true blue-chip stock in the cryptocurrency market. The stock price continued to fall, eventually hitting a new low of $35 in December of 2022. The Federal Reserve raised interest rates by more than 400 basis points to combat inflation, coinciding with this drop. Similar to the general drop in cryptocurrency prices, it also saw a downward trend.

The strong crypto return and the Fed shift helped push the stock price back up to $65 in 2023, a stronger year for the company.

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Coinbase (COIN) Stock Forecast 2023

For a while now, analysts have been pessimistic about Coinbase’s share price. Atlantic Securities forecasts that the stock price will range between $67 to $46. Similarly, forecast reductions have been made by analysts at Barclays, Needham, Bank of America, DA Davidson, and Oppenheimer. Goldman Sachs’s experts, who were the most correct, expected a decline to $41. Below, you’ll see that the vast majority of stock forecasters have issued bearish ratings for the company.

Looking at the daily chart, it is clear that the price of Coinbase’s stock has been gaining strength in the bull market of the previous few months. In a strong upswing, the stock price has risen above $44.17, a key level of resistance. In light of the fact that it marked the 30th of June’s lowest point, this was an extremely significant level.

There has been no breach of the 23.6% Fibonacci Retracement mark in the stock price. The 50-day moving average is now higher than the 25-day average (MA). Additionally, an inverted head and shoulders pattern has developed in the price of the stock.

Therefore, it is expected that the share price would rise further as investors want to reach the round number of $100. If the price is able to rise above this key psychological barrier, the 50% retracement level at $119 will be next in line.

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Coinbase (COIN) Stock Forecast 2025

When looking ahead to 2025, Wallet Investor is pessimistic about Coinbase stock. By 2025, the company predicts the share price of the cryptocurrency exchange will have plummeted. They anticipate that the corporation will have gone bankrupt by then, with share prices hovering around $0.0001.

Wallet Investor predicts a stock price of $1.25 for Coinbase in 2025, but we don’t think that’s realistic because it thinks Coinbase will go bankrupt by then. Additionally, it assumes that Bitcoin and other cryptocurrencies will be worthless. We expect the price to be between $5 and $20 by then, though it might be much lower.

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Coinbase (COIN)  Stock Forecast 2030

If the current 10-year average growth rate continues, Coinbase’s share price will reach $19.11 in 2030. If this Coinbase stock forecast for 2030 comes true, COIN stock will decline 69.58 percent from its present price.

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Coinbase Stock Recent Updates

Recent Coinbase news has been plenty. First, the corporation has been having trouble because of a decline in platform usage. Historically, cryptocurrency exchanges have thrived when prices were up and struggled when they were decreasing. Users looking to take advantage of price increases tend to flock to them. Recent months have shown a dramatic outflow of funds from cryptocurrency exchanges, as depicted in the graph below.

Also, layoffs have been implemented as a means of saving money for the business. The company announced the layoffs of 1,100 workers back in June. The company subsequently made an additional 60 layoffs in the following month, November. The corporation declared in January that it will be eliminating 10% of its workforce.

In addition, the Dutch Central Bank issued Coinbase a fine of 3.3 million euros for operating without proper registration. In addition, Mizuho analysts downgraded the currency and cautioned retail traders against investing in cryptocurrencies.

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Is Coinbase Stock Profitable?

For the third quarter of 2021/22, Coinbase Global, Inc. fell short of earnings and sales forecasts. On top of that, its share price has dropped considerably over the past few months as the market has crashed. The corporation, which had strong profits in 2021, has now turned a loss.

In the first three months of 2018, Coinbase lost $429 million, and then another $1 billion in the second three months. As the situation improved, the deficit decreased to $544 million by the end of the third quarter. The situation has worsened over the past three weeks, so this improvement is temporary.

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Is Coinbase Stock a Good Investment?

Beginning in the latter half of last year, Coinbase Global has been trending downward. However, it is still an excellent purchase for a number of reasons.

To begin, the company is still a major player among bitcoin trading platforms worldwide. According to the data presented in the following graph, its daily trading volume is sixth highest. Although new companies may emerge in the cryptocurrency space in the next years, Coinbase is expected to continue to be a major player in the United States and internationally.

The rate of people using cryptocurrencies has increased exponentially recently. By the conclusion of the second quarter of 2021, the score had reached 24 on the Chainalysis Global Crypto Adoption Index. The year before, it was at a much lower 2.4%. The rate of adoption increased by 881% in 2020, and by 2300% between Q3 of 2019 and Q2 of 2021.

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