Some are so hot, even a small stake could transform into a humble fortune in 2021. Put These Tiny Cryptos on Your Radar NOWĪ surge of interest from institutional investors is setting the stage for a rally in a slew of small digital coins.īut understand this: These under-the-radar players are much more affordable than Bitcoin. Then Coinbase could be an excellent buying opportunity before the next major cryptocurrency rally, especially if management continues to make Coinbase the leading cryptocurrency exchange. Then we expect a bearish period for the stock, either as competitors drive down Coinbase's revenue or cryptocurrency prices pull back. What we predict will happen is COIN stock will jump higher in the early days after the IPO. There just might be a cooling off period coming after Bitcoin's incredible 800% growth over the last year. It's making a profit."Īnd long-term, the cryptocurrency market will only get hotter. "It has a powerful brand in a rapidly growing market.
"Coinbase Global will be a solid company." Dave tells us. That will eat into revenue and potential profits very quickly, and Wall Street won't like it.īut that doesn't mean this won't be a good stock to own. With more and more competitors to Coinbase cropping up, that trend will likely push cryptocurrency trading fees to zero as well. As we've seen in equity markets, brokerage fees have been slashed to zero on simple stock trades. It gets worse for Coinbase shareholders too.Ĭoinbase is going to have to slash its transaction fees to keep up with industry trends.
0 kommentar(er)
