Coinbase’s Stock Price Prediction: What to Expect in 2025
Coinbase is one of the largest cryptocurrency exchanges in the world. Their platform is used for buying, selling, and storing various digital currencies such as Bitcoin, Ethereum, Solana, and XRP, amongst others. The company’s stock (Ticker Symbol: COIN) went public in April 2021 and has been a roller coaster ride for investors since.
With the crypto market experiencing significant growth and volatility, it’s no surprise that investors are interested Coinbase’s stock price prediction for 2025.
In this article, we’ll explore the factors that could impact Coinbase’s stock price prediction for 2025 and provide a detailed analysis based on available data and market insights.
Coinbase’s Drastic Rise and Collapse
Coinbase’s stock (ticker symbol $COIN) has been on a wild ride since its debut on the public market in 2021. It’s initial public offering (IPO) in April 2021 was a huge success, with the company’s shares soaring on their first day of trading.
The stock price reached an all-time high of $429 in August 2021, driven by the growing popularity of cryptocurrencies and the increasing institutional adoption of digital assets.
The stock saw a drastic rise as the cryptocurrency market boomed and demand for cryptocurrencies skyrocketed. This increased demand for anything crypto related, and led to a surge in the price of Coinbase stock, as the company’s platform was one of the most popular ways for individuals to buy and sell cryptocurrencies.
Jim Cramer, host of CNBC’s ‘Mad Money,’ even proclaimed that he saw $COIN shares rising to $475.
How it started…How it’s going$COIN @JimCramer pic.twitter.com/XbVIZFdi2A
— GuruLeaks (@Guruleaks1) May 10, 2022
However, the crypto market experienced a significant sell-off in late 2021, causing Coinbase’s stock price to drop significantly. The company’s stock price plummeted to as low as $32 in late 2022, as the crypto market faced regulatory uncertainty and widespread selling.
The company’s revenue took a hit, and regulatory concerns added to the negative sentiment surrounding the stock.
This was largely due to a number of factors, including increased regulation and declining institutional investment. As a result, Coinbase’s stock price also declined dramatically, losing much of the gains it had made in 2021.
Analyzing this information is crucial for determining Coinbase’s stock price prediction for 2025.
Bank of America on $COIN: “We think Coinbase likely faces a number of new headwinds over the near/medium term due to the recent collapse of rival crypto exchange FTX. As a result, we downgrade it to Neutral from Buy and reduce our estimates.$COIN is down 20% over the last week. pic.twitter.com/RhKCJgt3Ae
— Barchart (@Barchart) November 18, 2022
Coinbase’s Stock ($COIN) is Trending Again
Recently, Coinbase’s stock price has been on an upward trend since the beginning of 2023, driven by positive news and increasing demand for cryptocurrencies. In February 2023, the stock jumped over 70% after a federal securities lawsuit against the company was dismissed.
This news was seen as a positive sign for the crypto market, as it indicated that the regulatory environment was becoming more favorable for digital asset exchanges.
The growing interest from institutional investors and the increasing adoption of cryptocurrencies by mainstream companies are also contributing to the stock’s upward trend. This is one of the reasons why investors are interested in Coinbase’s stock price prediction for 2025.
Technical Analysis of Coinbase’s Stock $COIN
As seen in the chart above, on the daily timeframe, the stock price has been in a powerful uptrend since the beginning of January 2023.
With consistently increasing volume and institutional involvement, the stock price has also touched the 200 Day moving average, showing strength and bullishness.
The large-bodied candles also highlight the bullishness of Coinbase’s stock. If the stock price crosses the nearest resistance; which is the 200 DMA, we can expect the price to reach levels of $110 – $115 in the coming trading sessions with support at 200 DMA.
Coinbase and Crypto Market Correlation
Coinbase’s share price is highly correlated with the price action of cryptocurrencies such as Bitcoin and Ethereum. When the crypto market is experiencing growth, Coinbase’s stock price tends to rise, and vice versa.
This is because Coinbase generates the majority of its revenue from trading fees on its platform, so the performance of the crypto market directly impacts the company’s financial performance.
This means that investors should closely monitor the crypto market when making investment decisions in Coinbase. This is another important factor to consider for Coinbase’s stock price prediction 2025.
Once $COIN breaks 100 theres not much resistance until 160. And guess what? Bitcoins chart looks really bullish. pic.twitter.com/bS1DvKHyPy
— HULK (@HulkCapital) February 3, 2023
Cathie Wood’s Bullish Stance on Coinbase
Cathie Wood, of Ark Invest, is one of Coinbase’s biggest bulls. Wood is a well-respected investment manager and has a track record of making successful investments in technology and disruptive companies.
In 2021, Wood made a significant investment in Coinbase and has been bullish on the company’s prospects ever since. In Jan. of 2023, she doubled down on her investment and scooped up an additional $3.3 million worth of $COIN shares.
She believes that Coinbase is well-positioned to benefit from the growing demand for cryptocurrencies and that the company’s stock price will continue to rise in the coming years.
She is also quite bullish on bitcoin, making a shocking price prediction for BTC by 2030.
Cathie Wood’s $COIN purchases sizzling since November 2022 pic.twitter.com/qCn8kDCG0o
— Stocktwits (@Stocktwits) February 3, 2023
Coinbase’s Stock Price Prediction in 2025
Coinbase’s stock price prediction for 2025 depends on multiple factors:
-
Firstly, the company is a leader in the crypto market and has a proven track record of delivering strong financial performance.
-
Secondly, Coinbase is well-positioned to benefit from the growing demand for cryptocurrencies, as more and more institutional investors and mainstream companies adopt digital assets.
-
Thirdly, Coinbase has a highly experienced management team and a strong company culture, which is important for the long-term success of the company.
-
Finally, the overall health of the economy will also play a role in determining the future of Coinbase stock.
If the global economy continues to recover, it could drive up demand for cryptocurrencies and potentially drive up the price of Coinbase’s stock. On the other hand, if the economy stalls, it could reduce demand for cryptocurrencies and potentially reduce the price of Coinbase stock.
Conclusion
In conclusion, Coinbase’s stock price prediction for 2025 is uncertain and will depend on a number of factors that are currently in play in the cryptocurrency market.
The growth of the cryptocurrency market, institutional investment, regulation, and the overall health of the economy will all play a role in determining the future of Coinbase stock.
Despite the uncertainty, many experts remain optimistic about the future of Coinbase’s stock (COIN) and believe that it has the potential to deliver strong returns in the years to come.
The overall sentiment seems to be going in the bullish direction for $COIN, and the collapse of FTX, could make Coinbase seen as the ‘secure’ crypto exchange.
Bullish 🍻
[…] At the start of 2023, Coinbase’s stock price demonstrated impressive performance, surging from approximately $34 to $81 in January, representing a 100% increase in value. However, the stock has experienced a slight decline this month after this initial surge. However, the regulatory outlook for the digital asset sector remains uncertain, and Coinbase is not immune to regulatory scrutiny. […]