KOINBASE STOCK EYES A 20% crashed as forms of death

Stock Coinbase slipped this year, it was deleted over $ 38 billion worth, because the cropto trouble is intensified.

After the top at $ 350 in November last year, the company’s shares decreased to $ 190, and technical patterns indicate additional lower parties.

The CRIPTO prices were demolished this year

The decline occurred like Bitcoin (Btc) and most Altcoina strayed:

• Bitcoin fell from its values ​​of $ 109,400 in January to today’s price of $ 84,400.
• Similarly, Etherum (El) He slipped last year’s high of $ 4,100 to $ 2,000.
• The total market cap of all cryptocurries fell from over $ 3.8 trillion in 2024. To $ 2.76 trillion.

KOINBASE is a highly exposed price crypto. Historically, her business flourished when prices grow and vice versa. For example, its income is in 2021. increased to $ 7.3 billion, because most coins rose and then crashed to $ 3.1 billion next year, because Bitcoin crashed to $ 16,000.

Celida Income for 2023. year amounted to 3.1 billion dollars and doubled 2024. To $ 6.6 billion,

Fortunately, coinbase is diverse in the last few years, so the transaction income is not the only source of income. The latest financial results showed that the transaction income was $ 1.5 billion in the fourth quarter, while his subscriptions and income were $ 641 million.

His subscription and revenue of services increased rapidly, thanks to his stablecoin, blockage prizes, detention fees and interest and financing revenues.

Coinbase wants to grow their business in other areas. For example, the base, its layer-2 block network has become the largest player in the industry. Protocols in the network handle Over 22 billion volume over the past 30 days and has over $ 3.1 billion in the total value of locked.

Coinbase is also in conversation obtain deribit For $ 4 billion and $ 5 billion. This acquisition would do this to a large player in the breath of the derivatives.

Coincases opposes growing competition in the crypto industry. Most of this competition comes from international players like OCCS, HTKS and binance.

The price of a coincase stock is in danger of further underside

Wall Street Analysts are highly optimistic in terms of coin supplies. The average assessment His annual income will generate 23.7% this year to $ 8.12 billion and $ 8.38 billion next year. These analysts expect to rise to $ 318 from the current $ 189 to stock.

The daily shows that the stock of the waiter formed two risky patterns that indicate a possible drop to $ 150. He founded a bear pattern for stopping with two triangles to converge.

The coin will also form a death sample, which occurs when the 50-day and 200-day moving average crosses each other. Therefore, the stock is expected to have a strong bear interruption in the next few weeks.

KOINBASE was founded in June 2012. Brian Armstrong and Fred Ehrsam. Armstrong currently serves as the Director General.