Largest U.S. Crypto Exchange Continues Charge Up the Charts

Adding to the cryptocurrency buzz, Coinbase Global is enjoying the surge

Emma Duncan

Managing Editor

Apr 16, 2021 at 11:41 AM

COIN

Coinbase Global Inc (NASDAQ:COIN) has made its mark this week as not only the largest cryptocurrency exchange in the U.S., but with its public trading debut on the Nasdaq this past Wednesday, April 14. This morning, however, the equity was suffering from a (more-than-likely overdue) pullback, after its inconceivable surge to $428.54, during its first day of trading. However, the security looks to have quickly recovered, because at last check, COIN was up 2.9% at $332.19.

Coinbase Global is dancing on a nearly $100 billion value following its initial public offering (IPO) of $381 -- versus the $250 estimate. Wednesday's debut also handed the crypto concern a market cap of $63 billion. While just one analyst covers Coinbase Global stock, they sport a "buy" rating and average 12-month average price target of $440, which comes in 32% above current levels.

Follow @Schaeffers

Are You Ready for AI's Potential Supercycle Phase?
Amazon's Jeff Bezos surprised investors when he revealed that one emerging technology is the key to Amazon's future success... This technology could be worth $80 trillion by 2030. Learn more and join Motley Fool's Stock Advisor for 50% off!

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.