Coinbase Stock Recovers with Crypto Bounce; More Upside Potential Ahead

Coinbase Stock Recovers with Crypto Bounce; More Upside Potential Ahead


TipRanks
2022-07-18 16:21:45

Coinbase (COIN) is still one of the leading platforms around for buying and selling cryptocurrency. Thus, when cryptocurrency values recover, so too does Coinbase stock. There's still value to be had in crypto, apparently, as Coinbase is up over 16% today so far. I remain bullish on Coinbase. Yes, the value of cryptocurrencies has been declining, and use cases for crypto, in general, are still light. However, with a recession likely inbound—if not already here, depending on who you talk to—contrarian investors should still find value in alternative investments. For most investors, cryptocurrency begins at Coinbase.