The Bitcoin Halving Is Done. 2 Cryptocurrencies to Buy Now.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2024
0mins
Source: NASDAQ.COM
- Bitcoin Halving and Crypto Market: The recent Bitcoin halving has not caused immediate price surges, but historical trends suggest long-term positive effects on prices.
- Cryptocurrency Opportunities: Bitcoin spot-price ETFs approval and upcoming Ethereum spot ETFs are expected to bring bullish effects to the crypto market.
- Bitcoin's Fourth Halving: Bitcoin's fourth halving has reduced the block reward, lowering its effective inflation rate below that of gold.
- Polkadot's Performance: Polkadot's price has fluctuated in 2024, presenting a potential buying opportunity for investors interested in Web3 technology.
- Investment Advice: The article suggests keeping an eye on Bitcoin and Polkadot for potential price gains and provides information on other stock investment opportunities.
Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COIN is 361.63 USD with a low forecast of 230.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 226.930
Low
230.00
Averages
361.63
High
440.00
Current: 226.930
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
