From NASDAQ.: 2024-05-06 08:36:00

Coinbase Global (NASDAQ: COIN) has seen a remarkable resurgence, up over 500% since the beginning of 2023. The company’s future looks bright as it aims to reclaim its previous all-time high of $343 and continues to diversify its revenue streams. The launch of its own blockchain, Base, has been a game-changer, attracting millions of users and generating significant profits.

Base, Coinbase’s Ethereum-compatible Layer 2 blockchain, has rapidly gained popularity, boasting over 8 million users and ranking No. 1 in transaction volume. The blockchain’s success has translated into substantial profits for Coinbase, with Base on track to generate around $200 million annually. This growth reflects Coinbase’s transformation into a comprehensive crypto platform offering innovative products and services.

Investors looking to capitalize on Coinbase’s potential should consider its stock trading at around $200, representing an opportunity for long-term success. As Coinbase continues to evolve, with Base leading the way, the company’s profitability and market position are poised for further growth. For savvy investors recognizing Coinbase’s pivot towards a multi-faceted ecosystem, now may be an ideal time to invest in the company.

Read more at Nasdaq: Wall Street Doesn’t Know About Coinbase’s Secret Weapon: How Base Could Send Its Stock Soaring