The new introduced COIN price of Coinbase Global Inc dropped suddenly. It was expected, that is what happens when insiders have been distributed lots of shares. Contrary to what people say, it is probably not linked to cryptocurrency volatility. Sometimes, the analysis is pretty simple. After the market introduction of COIN, the early holders have taken their profits.
Now the market analysis. We can see that the down trend as stopped and is now ranging. It is probably a good point of entry in this market.
Paypal adoption of cryptocurrencies, Visa and Mastercard, we see more companies also adding cryptocurrencies to their balance sheet. It is possibly signs of potential growth of this stock price...
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