The financial market often suffers from instability due to the total economic events and the changing feelings of investors. However, pioneers like Coinbase and others have a relatively better stability due to the names of major brands. Interestingly, Coinbase’s stock analysis with Palantir Technologies brings interesting visions. Analysts claim that the price of the currency may reach $ 500 if it follows the plate of Blaouter. Here is how.
Coinbase’s share price to $ 500 if this happens
Coinbase is one of the most popular encrypted exchanges and has received the interest of investors while performing large stock prices. Coinbase (Coin) is currently trading at $ 298.11 after a significant increase in the earning report.
Interestingly, the stock expert discovered a link between the currency stock and the stockir technologies stock (PLTR), claiming that if the other Coinbase arrow is followed, its value may reach $ 500. This comparative analysis is derived from the Ichimoku cloud index, with a focus on PLTR in the face of a major resistance area in mid -2014, referred to as the “last coach”.
However, this resistance area has become the “launch plate” of the arrow, which leads to a massive raising gathering. More importantly, the currency price scheme indicates that at a similar stage and fights a strong resistance level.
If this is the Launchpad platform, it may witness a similar gathering and eventually reaching $ 500 in the optimistic scenario.
The Kantonian Cat Cat says on July 2024 monthly with an Eshshmoko cloud, fighting the $ Last Boss coin like $ PLTR in July 2024.
Coinbase’s earning report exceeds expectation, currency price for gathering?
That is long awaited Coinbase’s profit report In the end, it exceeds all expectations. Former analysts expected that the fourth profits would cost $ 2.11 per share and generate revenues of $ 1.84 billion.
Instead, it has achieved the best quarterly revenue in the past three years, reaching 2.27 billion dollars and $ 4.68 per share. Other statistics include a net income of $ 1.3 billion ($ 273 million in the fourth quarter of last year), a trading volume of $ 439 billion, an increase of 185 % on an annual basis, and more.
Experts believe that the increase in trading volume is due to the increase in volatility in the encryption assets. It is worth noting that Coinbase overcame the collapse of the last stock market, which was led by the Chinese Deepseek Ai model.
Interestingly, the price of Coinbase has increased significantly since the revenue report, which has been currently circulated at $ 298.11 after an increase of approximately 9 %. However, this is not equally with investor expectations for such a profitable quarter.
Can Coinbase really reach $ 500?
The currency price scheme creates the oud and formation cup, which puts this arrow at a critical turn before the gathering. In more analysis, Coin recently broke up above the main resistance level and it is a strong upscale momentum.
The continuity of this bullish trend can lead to a crowd by 89.46 %, pushing Coinbase to a new ATH of $ 561 or higher.
Moreover, if the currency scanned the main resistance between $ 324 and $ 360 and follows the Palantir 2024 movement, the price may reach $ 500. However, additional factors such as strong profits, increased trading sizes, and favorable macroeconomic environment must be taken into account.
What should investors look forward to?
The above -mentioned expectations lead to Coinbase’s revenue reports that show that the exchange of encryption works with innovative and strategic moves in this industry. Moreover, its largest support factor is high demand amid cooperation, partnerships and USDC Stablecoin.
Interestingly, it can gain an additional upward momentum while re -entering the Indian encryption market. This, in addition to the upward upward trend, can lead to the price of Coinbase, which reaches $ 500 or higher.
Related questions (common questions)
Coinbase’s share price can reach $ 500 if it follows the Breakout Palaantir Technologies.
According to the latest COINBASE profit report, the company exceeded all expectations, and received revenues of $ 2.27 billion.
With slight hiccups in the beginning, the currency price is $ 298.11 after an increase of approximately 9 %.
Bouja Khargia
With a deep -rooted passion for reading and five years experience in writing the content, POOJA is now focusing on formulating content direction around the cryptocurrency market. As a dedicated encryption journalist, Poja is constantly looking for topics and media statistics to create convincing pieces for encryption lovers. Staying in view of the latest trends and progress in this field is an integral part of its daily routine, which provides a commitment to provide time in time and insight.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: