COINBASE GLOBAL: Just another one caught swimming naked in the 2022 bear market

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Coinbase Global Stock Fair Value – It’s no secret that Coinbase Global ($NASDAQ:COIN) (COINBASE GLOBAL) has had a rough start to the year. One of the biggest problems for Coinbase is that it is highly leveraged to the price of Bitcoin. So when the price of Bitcoin falls, as it has over the past few months, Coinbase’s revenue and profits take a big hit. To make matters worse, Coinbase is also facing increasing competition from other crypto exchanges such as Binance and BlockFi.

These companies are eating into Coinbase’s market share and are putting pressure on margins. So it’s no surprise that Coinbase is feeling the pain in the current market conditions. The question is whether the company can survive another bear market.

Price History

Right now, news about COINBASE GLOBAL is mostly negative. On Wednesday, the stock opened at $43.7 and closed at $45.7, a 6.1% increase from the prior closing price of $43.1. However, many are skeptical about the company’s long-term prospects, especially given the current bear market. 2022 will be a critical year for COINBASE GLOBAL, and it remains to be seen if they can weather the storm. Live Quote…

About the Company

VI Analysis – Coinbase Global Stock Fair Value Calculator

COINBASE GLOBAL‘s fundamentals reflect its long term potential, below analysis on COINBASE GLOBAL are made simple by VI app. The fair value of COINBASE GLOBAL share is around $136.9, calculated by VI Line. Now COINBASE GLOBAL stock is traded at $45.7, undervalued by 67%. More…

VI Peers

The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.

– Riot Blockchain Inc ($NASDAQ:RIOT)

Riot Blockchain Inc. is a cryptocurrency mining company that focuses on Bitcoin mining. The company has a market capitalization of $981.09 million and a return on equity of -17.02%. Riot Blockchain Inc. was founded in 2000 and is headquartered in Castle Rock, Colorado.

– Robinhood Markets Inc ($NASDAQ:HOOD)

Robinhood Markets Inc is a financial services company that offers a commission-free trading platform for stocks, options, and cryptocurrency. The company has a market cap of 9.19B as of 2022 and a Return on Equity of -33.37%. Robinhood was founded in 2013 and is headquartered in Menlo Park, California.

– MicroStrategy Inc ($NASDAQ:MSTR)

MicroStrategy Inc is a publicly traded business intelligence company. The company has a market cap of 2.66B as of 2022 and a ROE of -77.69%. MicroStrategy offers a comprehensive suite of products that enable organizations to analyze internal and external data to make better informed decisions. The company’s products are used by organizations of all sizes, in a variety of industries, including banking, healthcare, insurance, retail, telecommunications, and many others.

Summary

If you’re considering investing in COINBASE GLOBAL, it’s important to understand the risks involved. While the company has been growing rapidly in recent years, it’s still a relatively young company and there’s no guarantee that it will continue to be successful. There’s also the potential for a sharp decline in the value of cryptocurrencies, which would negatively impact COINBASE GLOBAL’s business. With that said, COINBASE GLOBAL could still be a good long-term investment.

The company has a strong management team, a huge user base, and a dominant position in the cryptocurrency exchange market. If the cryptocurrency market continues to grow, COINBASE GLOBAL is well-positioned to benefit. Just be sure to do your own research and understand the risks before investing.