Coinbase - COIN - Stock - The Most important listing for Crypto?
Coinbase - COIN - Stock - Arguably the Most important listing for Crypto. Coinbase may eventually be seen as the Dow Jones, Nasdaq, or S&P for Crypto. It is not just tied to Bitcoin. In order to represent more of the crypto market, Coinbase may have to offer more coins. We will see? Coinbase charges high fees so from a revenue standpoint that is favorable for now. Competition may occur if Binance.US goes public. From a technical analysis standpoint, Coinbase has limited chart data but is trending down at the debut. We will have to watch the resistance zones to see if there are signs of reversals. Again there is limited chart data even on the 15 minute chart, so we will have to wait to make a full analysis. At some point more investor will see the value and FOMO will kick in. We will see? Price Action will tell the story.
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