Coinbase Global Inc. ($COIN) Stock Forecast: Up 5.1% Today

What is Coinbase Global Inc.?

Coinbase Global Inc. (COIN) is a leading US-based cryptocurrency exchange platform that allows users to buy, sell, and store various digital assets.

Why is Coinbase Global Inc. going up?

COIN stock is up 5.1% on Nov 18, 2024 16:02

• COIN stock experienced a strong bullish movement, rising over 9% at the high of the day.
• The surge in COIN's price could be attributed to the news of a Power Inflow alert received by Coinbase Global Inc., indicating significant interest from institutional investors and traders following smart money flows.
• Additionally, the announcement of a potential listing of meme coin Floki on Coinbase might have generated excitement and optimism among investors, contributing to the bullish momentum of COIN.
• The overall positive sentiment in the cryptocurrency market, fueled by Bitcoin's surge to a new all-time high and the increasing popularity of mobile crypto apps, likely provided a favorable environment for COIN's price appreciation.

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Zacks Investment Ideas feature highlights: Nasdaq 100 Index ETF, Tesla, Coinbase, MicroStrategy and Root

Nasdaq 100 Index ETF, Tesla, Coinbase, MicroStrategy and Root have been highlighted in this Investment Ideas article.

https://www.zacks.com/stock/news/2371291/zacks-investment-ideas-feature-highlights-nasdaq-100-index-etf-tesla-coinbase-microstrategy-and-root

Forget Dogecoin And Shiba Inu - This Meme Coin Skyrockets After Coinbase Hints At Possible Listing

Dogecoin DOGE/USD rival meme coin Floki FLOKI/USD has experienced a significant surge in value. This comes on the heels of an announcement by Coinbase, a leading US crypto exchange, about the potential inclusion of FLOKI in its future listings.

https://www.benzinga.com/markets/cryptocurrency/24/11/42027124/forget-dogecoin-and-shiba-inu-this-meme-coin-skyrockets-after-coinbase-hints-at-possible-l

Rocket Lab And Hut 8 Mining Are Among Top 7 Mid-Cap Gainers Last Week ( November 11-15 ) : Are The Others In Your Portfolio? - Hut 8 ( NASDAQ:HUT ) , Rocket Lab USA ( NASDAQ:RKLB )

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio? Shopify, Disney And Coinbase Were Among Top 10 Large Cap Gainers Last Week ( November 11-15 ) : Are The Others In Your Portfolio?

https://www.benzinga.com/news/mid-cap/24/11/42026532/rocket-lab-and-hut-8-mining-are-among-top-7-mid-cap-gainers-last-week-november-11-15-are-the-others-

Mobile Crypto Apps Are Climbing the Charts as Bitcoin Blasts Off

Bitcoin's recent spike to a new all-time high price has lifted the entire market-and mobile crypto apps on iOS and Android are surging too.

https://decrypt.co/291923/mobile-crypto-apps-climbing-bitcoin

Tradepulse Power Inflow Alert: Coinbase Global Inc. Receives Alert And Climbs Over 25 Points - Coinbase Glb ( NASDAQ:COIN )

COIN RISES OVER 9% AT THE HIGH OF THE DAY Today, Coinbase Global, Inc. COIN experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions.

https://www.benzinga.com/signals/24/11/42019573/tradepulse-power-inflow-alert-coinbase-global-inc-receives-alert-and-climbs-over-25-points

Trending Today

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Memecoin ($MEME) Crypto Forecast: Down 5.1% Today

Coinbase Global Inc. Price History

18.10.2024 - COIN Stock was up 5.1%

• COIN stock experienced a strong bullish movement, rising over 9% at the high of the day.
• The surge in COIN's price could be attributed to the news of a Power Inflow alert received by Coinbase Global Inc., indicating significant interest from institutional investors and traders following smart money flows.
• Additionally, the announcement of a potential listing of meme coin Floki on Coinbase might have generated excitement and optimism among investors, contributing to the bullish momentum of COIN.
• The overall positive sentiment in the cryptocurrency market, fueled by Bitcoin's surge to a new all-time high and the increasing popularity of mobile crypto apps, likely provided a favorable environment for COIN's price appreciation.

06.10.2024 - COIN Stock was up 20.3%

• Coinbase executive's call for SEC reform post-Trump's election win may have instilled confidence in investors regarding future regulatory clarity and crypto innovation, contributing to the bullish movement.
• The looming investor lawsuits and deadlines could have initially caused uncertainty but were potentially overshadowed by the positive sentiment surrounding Coinbase's future.
• The surge in bullish options trading on Coinbase indicates growing investor optimism and confidence in the company's performance and potential.
• Cathie Wood's Ark Invest dumping Palantir and Jack Dorsey's Block in favor of Coinbase, Amazon, and Meta could have further boosted investor interest and confidence in Coinbase's long-term prospects, driving the bullish movement.

06.10.2024 - COIN Stock was up 30.0%

• Coinbase's stock experienced a strong bullish movement today, driven by several factors:
• The surge in Coinbase's share price and other Bitcoin-related stocks can be attributed to the positive market sentiment following recent political events, which is seen as favorable for the crypto industry.
• The call for regulatory reform by Coinbase's chief legal officer indicates the company's proactive stance in navigating challenges and fostering innovation in the industry, which has likely resonated well with investors.
• The announcements of investor deadlines and legal actions may have initially caused some uncertainty in the market, but the overwhelming bullish options trends reveal a strong investor confidence in Coinbase's future growth potential despite the challenges.

13.10.2024 - COIN Stock was down 5.1%

• The introduction of the Coinbase 50 Index tracking the top 50 digital assets could have led to a shift in focus from COIN itself to a more diversified portfolio, impacting its stock price negatively.
• The bullish movement in Bitcoin, influenced by the crypto-friendly sentiment surrounding Donald Trump's win, might have diverted investor attention away from COIN, causing a bearish trend.
• The bearish options trends towards COIN by deep-pocketed investors could have signaled a lack of confidence in the company's future performance, contributing to the downward movement.
• The Power Inflow alert and rise in COIN after the signal might indicate a temporary positive response, but the overall market sentiment seems to have been dominated by the broader crypto trends and options activity, leading to the bearish movement in COIN.

12.10.2024 - COIN Stock was down 5.8%

• The bearish movement in COIN today can be attributed to profit-taking by investors after a period of significant gains.
• Despite the positive news surrounding Bitcoin's rally near $90,000 and the surge in BTC-linked stocks, COIN may have experienced a pullback due to overvaluation concerns.
• The bearish options trends and profit-taking behavior of deep-pocketed investors could have influenced the downward movement in COIN.
• The Power Inflow alert followed by a rise in COIN's price indicates that there might have been some short-term buying interest, but overall sentiment turned bearish leading to the decline in stock price.

07.10.2024 - COIN Stock was up 10.7%

• Coinbase's partnership with iTrustCapital for custodial services for retail client digital assets has likely boosted investor confidence in the platform's reliability and security.
• The positive shift for crypto and economic freedom following the US election, as emphasized by Coinbase's CEO, has contributed to the bullish movement of Coinbase's stock.
• The surge in Coinbase's share price and other Bitcoin-related stocks after the US election outcome indicates market optimism towards a more crypto-friendly regulatory environment.
• Coinbase's executive advocating for SEC reform post-election points towards a desire for regulatory changes that could further support crypto innovation and market growth, bolstering the positive momentum of the asset.

07.10.2024 - COIN Stock was up 5.6%

• Coinbase CEO's warning to lawmakers about the consequences of being anti-crypto likely boosted investor confidence in the future of cryptocurrencies, including COIN.
• The surge in U.S. stock market and ETFs following Donald Trump's election win contributed to the overall bullish sentiment, benefiting COIN as well.
• The partnership between Coinbase Custody and iTrustCapital to provide custodial services for retail client digital assets further solidified COIN's position in the market.
• The general optimism surrounding the future regulatory environment for cryptocurrencies post the US election results fueled investor interest in crypto-related stocks like COIN.

11.10.2024 - COIN Stock was up 8.8%

• Coinbase stock surged above $300 for the first time since 2021, indicating renewed investor confidence in the company's growth prospects.
• The deployment of Bitcoin on Solana by Coinbase aims to tap into the expanding DeFi market, showcasing the platform's commitment to innovation and diversification.
• Legal actions and deadlines related to securities class action lawsuits against Coinbase may have initially caused some uncertainty but were overshadowed by positive market developments.
• CEO Brian Armstrong's bold statement warning against being "anti-crypto" likely resonated with investors, reinforcing the long-term potential of cryptocurrencies and boosting COIN's stock performance.

12.10.2024 - COIN Stock was up 5.1%

• The bullish movement in COIN today can be attributed to several factors:
• The surge in Bitcoin's price, nearing $90,000, has positively impacted stocks associated with the cryptocurrency, including COIN.
• The Power Inflow alert received by Coinbase Global Inc. could have attracted more investors, leading to a 4.9% rise in the stock.
• Breaking the $300 mark for the first time since 2021 indicates renewed investor interest and confidence in the company.
• The deployment of Coinbase-wrapped Bitcoin on Solana to grow the DeFi market could have also contributed to the positive sentiment surrounding COIN.

08.10.2024 - COIN Stock was up 9.1%

• Coinbase's deployment of Bitcoin on Solana for DeFi purposes likely contributed to the bullish movement, attracting more users to participate in Solana's DeFi ecosystem.
• The warning from Coinbase's CEO, Brian Armstrong, emphasizing the importance of crypto acceptance may have boosted investor confidence in the company's future prospects.
• The overall positive sentiment in the cryptocurrency market, fueled by events like Donald Trump's victory leading to a stock market surge, could have also positively impacted COIN's bullish movement.

08.10.2024 - COIN Stock was up 5.5%

• The deadline reminder for a securities class action lawsuit may have initially caused some uncertainty among investors, but the bullish movement suggests that market participants are optimistic about the company's future.
• The deployment of Bitcoin on Solana by Coinbase could have contributed to the positive sentiment, indicating the company's efforts to expand its presence in the growing DeFi market.
• CEO Brian Armstrong's bold statement warning against being anti-crypto might have resonated positively with investors, showcasing strong leadership and confidence in the industry.
• The overall surge in the U.S. stock market following news of Donald Trump's victory could have also provided a favorable market environment for COIN and other related assets.

08.10.2024 - COIN Stock was up 5.5%

• The bullish movement in COIN today is linked to the favorable news about the integration of Bitcoin on Solana's DeFi ecosystem by Coinbase. This step is considered as a strategic move to broaden its services and enter the growing DeFi market.
• Furthermore, the statement from Coinbase CEO Brian Armstrong to lawmakers, underlining the significance of adopting cryptocurrencies, may have bolstered investor confidence in the company's future prospects.
• The nearing deadline in the class action lawsuit against Coinbase Global, Inc. appears to have had limited impact on the stock's performance today, as investors paid more attention to the positive developments and remarks from the company's leadership.
• The general bullish mood in the U.S. stock market, driven by re-election hopes for Donald Trump, likely played a part in the rise of COIN's price, indicating an overall positive market sentiment towards risk assets such as cryptocurrencies.