Where Will Coinbase Global Stock Be in 1 Year?
The cryptocurrency exchange faces a murky future.
On Dec. 6, 2024, Coinbase's (NASDAQ: COIN) stock closed at $343.62 per share. That represented a 155% gain from the previous 12 months. The bulls embraced the leading cryptocurrency exchange again as President Trump's electoral victory lit a raging fire under many of the market's top cryptocurrencies. But after Coinbase's stock hit that three-year high, it plunged back to about $160. Let's see why it was cut in half -- and if it can recover over the next 12 months.
As one of the world's largest crypto exchanges, Coinbase flourishes when rising crypto prices drive investors to trade more actively. But it flounders when the crypto market cools off, and investors pivot toward more conservative investments.
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