2023 ended up being a banner year for Coinbase (NASDAQ: COIN) as the stock rose more than 400% in value. Some of the gains were driven by a bounce off extremely low valuations, but a lot of it was driven by a recovery in the crypto market.
In this video, Travis Hoium covers the stock’s performance and why there’s more ahead for Coinbase in 2024.
*Stock prices used were end-of-day prices of Dec. 28, 2023. The video was published on Dec. 31, 2023.
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Travis Hoium has positions in Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Coinbase Jumped 418% in 2023 and Could Have a Huge 2024 was originally published by The Motley Fool
