Is Coinbase overvalued?

Leading U.S. crypto exchange Coinbase is “tremendously overvalued” at current levels, warned short-selling legend Jim Chanos, predicting a collapse in fee income that will send the stock plunging.
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Is Coinbase stock undervalued?

Coinbase's stock is overvalued

And the company recorded net earnings of $8.89 a share in 2021, up from $5.68 a year ago.
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Is Coinbase a good investment?

As the crypto market increases in value throughout the next decade, Coinbase will continue attracting a good chunk of those assets. The number of users Coinbase has will go up as well, thanks to the company's brand recognition, focus on security, and exceptional customer experience.
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Is Coinbase losing market share?

The firm's market value has shrunk by about $51 billion since the end of its first day of trading last April. Coinbase shares fell to an all-time low earlier in May, and even after recovering somewhat are still down about 80% from their debut. That's a steeper drop than Bitcoin's 53% slump in the same period.
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Is there a downside to Coinbase?

High transaction fees: Transaction fees are often expensive on the primary Coinbase platform. Customer service issues: Coinbase gets poor marks for customer service, including in the event of serious account security issues.
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⚠️ WHY COINBASE IS OVERVALUED RIGHT NOW!



Why you should not use Coinbase?

Transacting bitcoins on Coinbase may be worse for privacy than even PayPal. And it's because you also compromise the privacy of people who transacted with you. Then there's the issue of high fees. Coinbase's convenience and ease of use come at a cost: when you buy bitcoins, the fee is 1.49% to 3.99%.
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Should I keep crypto in Coinbase or wallet?

If you want to buy and sell your crypto, Coinbase will be the best choice. Why use Coinbase Wallet? If you're looking for a secure wallet for your digital assets, Coinbase Wallet will be your best bet.
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Can Coinbase go out of business?

Based on the evidence currently available, it would be pure speculation to say that Coinbase may go bankrupt. The company's CEO has denied that Coinbase is at risk, and other cryptocurrency exchanges will have to add similar risk factors to their own reports.
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What is the target price for Coinbase?

The average price target on Coinbase is $170.09, Bloomberg data show.
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What is the future of Coinbase stock?

Stock Price Forecast

The 21 analysts offering 12-month price forecasts for Coinbase Global Inc have a median target of 100.00, with a high estimate of 290.00 and a low estimate of 45.00. The median estimate represents a +76.99% increase from the last price of 56.50.
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Will Coinbase ever go back up?

Coinbase is “unlikely to return to recent levels of profitability in the near term absent a significant increase in crypto prices or volatility,” Will Nance, an analyst at Goldman Sachs Group Inc. wrote in a note. “We believe COIN's stock will struggle to outperform in the near term.”
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Is Binance or Coinbase better?

Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading. Both exchanges provide mobile apps with varying functionalities.
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Which coin is best to invest now?

7 best cryptocurrencies to buy now:
  • Bitcoin (BTC)
  • Ether (ETH)
  • Solana (SOL)
  • Avalanche (AVAX)
  • Polygon (MATIC)
  • Binance Coin (BNB)
  • KuCoin Token (KCS)
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Is Coinbase a buy sell or hold?

Coinbase Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.68, and is based on 16 buy ratings, 5 hold ratings, and 1 sell rating.
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Why is Coinbase so low?

Shares of Coinbase closed down 26% on Wednesday after the company reported shrinking revenue and declining users. Coinbase said Tuesday that revenue fell 27% year-over-year to $1.17 billion, which was below Wall Street's projected $1.48 billion. It also said it lost $430 million in the first quarter.
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Will Coinbase make money?

Coinbase generates revenue in a variety of ways, the most obvious being through transaction fees. Coinbase also earns money from maker-taker fees on Coinbase Pro, interchange fees, interest on cash and personal loans and the sale of software tools.
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What will Coinbase stock be worth in 2022?

(NASDAQ: COIN) Coinbase's current Earnings Per Share (EPS) is $11.60. On average, analysts forecast that COIN's EPS will be -$8.16 for 2022, with the lowest EPS forecast at -$12.48, and the highest EPS forecast at -$5.68.
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What happened to Coinbase?

Coinbase shares fell 15.6% in after-hours trading after the exchange released its earnings, dragging the crypto exchange's stock price down to 80% below its Nasdaq debut in April 2021.
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Is crypto bullish?

JPMorgan, the leading financial service provider, has recently announced that it is bullish on the prospects of cryptocurrencies, especially Bitcoin and thinks that it is undervalued.
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Should I worry about Coinbase?

While it is never 100% safe to keep your money on any online exchange, Coinbase has one of the safest web wallets you can use since it holds 98% of its assets in offline cold storage that cybercriminals cannot access.
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Are my assets safe on Coinbase?

Coinbase is still relatively secure, and users that use strong credentials should have little to worry about. Coinbase isn't insured by the SIPC, but it does carry crime insurance that protects some digital assets from theft and cybersecurity breaches.
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Is it safe to leave Bitcoin on Coinbase?

Coinbase takes extensive security measures to ensure your account and cryptocurrency investment remains as safe as possible, but ultimately, security is a shared responsibility.
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Do you actually own Bitcoin on Coinbase?

Coinbase.com stores your crypto for you after you buy it. You do not need a Coinbase.com account to use Coinbase Wallet. Coinbase Wallet is a self-custody wallet. The private keys (that represent ownership of the crypto) are stored directly on your device and not within a centralized exchange like Coinbase.com.
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Why are miner fees so high on Coinbase wallet?

The main reason for high bitcoin miner fees is supply and demand. The bitcoin block size is 1MB, which means that miners can only confirm 1MB worth of transactions for each block (one every ten minutes).
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What is the safest crypto exchange?

Cryptocurrencies Available for Trade

That's for good reason: Coinbase Pro, the robust exchange powering Coinbase, is one of the largest and safest platforms out there.
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