Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says_老虎社区_美港股上老虎

Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says

cnbc2021-06-16

Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...

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267

Wongwonggg
·2021-06-17
Wil buy when drop to 200
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zackf
·2021-06-17
Yeah
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2
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SSVC
·2021-06-17
Cool Appreciate your response and comments Thanks
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- Angsana:
  nice
  2021-06-17
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- FFE:
  comment
  2021-06-18
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Liangjie
·2021-06-17
Hodl
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Harozzz
·2021-06-17
Future is Coinbase
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1
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hoxle
·2021-06-17
Becoming more and more viable
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2
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zeeling
·2021-06-17
Cool
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1
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Alihuat
·2021-06-17
Coinbase is more tempting....
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1
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- zeeling:
  Cool
  2021-06-17
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- Seward:
  Great
  2021-06-17
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Lingster
·2021-06-17
I set my target 200 for buy
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- zeeling:
  Cool
  2021-06-17
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Silverlitz
·2021-06-17
Need to go lower than 200 before I buy
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1
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Blading23
·2021-06-17
Read
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Bubikhoo
·2021-06-17
Ok
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77663629
·2021-06-17
COMMENT me
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Sandy92
·2021-06-17
Oh icic
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2
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xiaoming1
·2021-06-17
Please like and comment
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Guay
·2021-06-17
Yes
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1
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堵神
·2021-06-17
Please like and comment thanks ☺️
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2
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Alice156
·2021-06-17
Hope it is good opportunity.
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1
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SaveHK
·2021-06-17
Go crypto Go crypto BTC to 1000000USD🚀🚀🚀🚀🚀🎊💯🎉
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1
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Munching
·2021-06-17
Speculative buy, casino style
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- CPCat:
  I think better to invest in the casino ( $Coinbase Global, Inc.(COIN)$ ) than to be a player in the casino (crypto)
  2021-06-17
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163487301,"gmtCreate":1623891410003,"gmtModify":1634026368586,"author":{"id":"3576636145098537","authorId":"3576636145098537","name":"zackf","avatar":"https://static.tigerbbs.com/6e148ee72387fd63bd5db10cbad48e8a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163487301","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163577696,"gmtCreate":1623890358715,"gmtModify":1634026413751,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Cool Appreciate your response and comments Thanks&nbsp;","listText":"Cool Appreciate your response and comments Thanks&nbsp;","text":"Cool Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/163577696","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4828420,"gmtCreate":1623893039667,"gmtModify":1635314700654,"authorId":3575326435298567,"author":{"id":3575326435298567,"authorId":3575326435298567,"name":"Angsana","avatar":"https://static.tigerbbs.com/3c8492153d7059ec1aa704a1bd541c14","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163577696,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"},{"id":4850083,"gmtCreate":1623971869777,"gmtModify":1635312748401,"authorId":3576491867633529,"author":{"id":3576491867633529,"authorId":3576491867633529,"name":"FFE","avatar":"https://static.tigerbbs.com/4ffa41dea6894aac6a21859912e31f1a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163577696,"type":1,"supId":4828420,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"},{"id":163524817,"gmtCreate":1623889563739,"gmtModify":1631892383602,"author":{"id":"3586942970388190","authorId":"3586942970388190","name":"Liangjie","avatar":"https://static.tigerbbs.com/2986260e07d2486d9748174ce6d5d515","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Hodl&nbsp;","listText":"Hodl&nbsp;","text":"Hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163524817","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163563908,"gmtCreate":1623889137704,"gmtModify":1631889103351,"author":{"id":"3579862040038906","authorId":"3579862040038906","name":"Harozzz","avatar":"https://static.tigerbbs.com/9fe4ee8e38ad1b6b8db21f9d745af71a","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Future is Coinbase&nbsp;","listText":"Future is Coinbase&nbsp;","text":"Future is Coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163563908","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163512079,"gmtCreate":1623888695291,"gmtModify":1634026469539,"author":{"id":"3574242159805641","authorId":"3574242159805641","name":"hoxle","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Becoming more and more viable","listText":"Becoming more and more viable","text":"Becoming more and more viable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163512079","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163597519,"gmtCreate":1623888236431,"gmtModify":1634026484274,"author":{"id":"3578196134540225","authorId":"3578196134540225","name":"zeeling","avatar":"https://static.tigerbbs.com/901d745faf2cd5225a6dbed44ad6236a","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163597519","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163279554,"gmtCreate":1623887508878,"gmtModify":1634026510309,"author":{"id":"3575407991823828","authorId":"3575407991823828","name":"Alihuat","avatar":"https://static.tigerbbs.com/d450d741a6a78a315c768cda177843d8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Coinbase is more tempting....","listText":"Coinbase is more tempting....","text":"Coinbase is more tempting....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/163279554","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4825246,"gmtCreate":1623888277444,"gmtModify":1635315034527,"authorId":3578196134540225,"author":{"id":3578196134540225,"authorId":3578196134540225,"name":"zeeling","avatar":"https://static.tigerbbs.com/901d745faf2cd5225a6dbed44ad6236a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163279554,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"},{"id":4825297,"gmtCreate":1623888388409,"gmtModify":1635315028989,"authorId":3578127212994089,"author":{"id":3578127212994089,"authorId":3578127212994089,"name":"Seward","avatar":"https://static.tigerbbs.com/78f3473c7879ec142432e3c73a905543","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163279554,"type":1,"supId":4825246,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"EN"},{"id":163249390,"gmtCreate":1623887232710,"gmtModify":1634026519490,"author":{"id":"3571880665524407","authorId":"3571880665524407","name":"Lingster","avatar":"https://static.tigerbbs.com/4eff9a4fb2d0ee077174f5b3cf9c8136","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"I set my target 200 for buy&nbsp;","listText":"I set my target 200 for buy&nbsp;","text":"I set my target 200 for buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/163249390","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4825250,"gmtCreate":1623888284435,"gmtModify":1635315034052,"authorId":3578196134540225,"author":{"id":3578196134540225,"authorId":3578196134540225,"name":"zeeling","avatar":"https://static.tigerbbs.com/901d745faf2cd5225a6dbed44ad6236a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163249390,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"}],"langContent":"EN"},{"id":163225106,"gmtCreate":1623886871205,"gmtModify":1634026531487,"author":{"id":"3570362135363824","authorId":"3570362135363824","name":"Silverlitz","avatar":"https://static.tigerbbs.com/abc7af211be1f2d501fd1885af02f33e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Need to go lower than 200 before I buy","listText":"Need to go lower than 200 before I buy","text":"Need to go lower than 200 before I buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163225106","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163262475,"gmtCreate":1623886585297,"gmtModify":1634026541256,"author":{"id":"3565700003213382","authorId":"3565700003213382","name":"Blading23","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Read&nbsp;","listText":"Read&nbsp;","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163262475","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163266900,"gmtCreate":1623886551900,"gmtModify":1634026543053,"author":{"id":"3576837410161825","authorId":"3576837410161825","name":"Bubikhoo","avatar":"https://static.tigerbbs.com/3247ebd81f7b901adc64183ed4fe7458","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163266900","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163214474,"gmtCreate":1623886066798,"gmtModify":1634026558188,"author":{"id":"3585109808495850","authorId":"3585109808495850","name":"77663629","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"COMMENT me","listText":"COMMENT me","text":"COMMENT me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163214474","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163292407,"gmtCreate":1623885553609,"gmtModify":1634026578831,"author":{"id":"3563504647645776","authorId":"3563504647645776","name":"Sandy92","avatar":"https://static.tigerbbs.com/9f86355f6dbed4dfca34d989df1a36e1","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Oh icic","listText":"Oh icic","text":"Oh icic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163292407","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163296978,"gmtCreate":1623885519994,"gmtModify":1634026580502,"author":{"id":"3583115173057099","authorId":"3583115173057099","name":"xiaoming1","avatar":"https://static.tigerbbs.com/ac37184a3e43827b0c0629f6fda7ea11","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163296978","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163201936,"gmtCreate":1623885217925,"gmtModify":1634026591326,"author":{"id":"3578180216622993","authorId":"3578180216622993","name":"Guay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163201936","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163672597,"gmtCreate":1623884971119,"gmtModify":1634026596880,"author":{"id":"3569643178216945","authorId":"3569643178216945","name":"堵神","avatar":"https://static.tigerbbs.com/cacee5ba5c333e51bfcd4bed94dada85","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment thanks ☺️","listText":"Please like and comment thanks ☺️","text":"Please like and comment thanks ☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163672597","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163676057,"gmtCreate":1623884932879,"gmtModify":1631884324499,"author":{"id":"3568349626879479","authorId":"3568349626879479","name":"Alice156","avatar":"https://static.tigerbbs.com/60ff94c21a2d26f4682ac8ed41af2e37","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Hope it is good opportunity.","listText":"Hope it is good opportunity.","text":"Hope it is good opportunity.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163676057","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163649224,"gmtCreate":1623884499968,"gmtModify":1631884436900,"author":{"id":"3570678493691973","authorId":"3570678493691973","name":"SaveHK","avatar":"https://static.tigerbbs.com/89b74f5799a23844400ed6de94296d38","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Go crypto Go crypto BTC to 1000000USD🚀🚀🚀🚀🚀🎊💯🎉","listText":"Go crypto Go crypto BTC to 1000000USD🚀🚀🚀🚀🚀🎊💯🎉","text":"Go crypto Go crypto BTC to 1000000USD🚀🚀🚀🚀🚀🎊💯🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163649224","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163653354,"gmtCreate":1623884163578,"gmtModify":1634026618603,"author":{"id":"3585889470457472","authorId":"3585889470457472","name":"Munching","avatar":"https://static.tigerbbs.com/7994afc48f9078fd5f5d157fbe40ab8d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Speculative buy, casino style","listText":"Speculative buy, casino style","text":"Speculative buy, casino style","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/163653354","repostId":1137784542,"repostType":4,"repost":{"id":"1137784542","pubTimestamp":1623856057,"share":"https://www.laohu8.com/m/news/1137784542?lang=&edition=full","pubTime":"2021-06-16 23:07","market":"us","language":"en","title":"Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784542","media":"cnbc","summary":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is be","content":"<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Coinbase on the dip for a long-term opportunity on the crypto economy, Canaccord says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cryptocurrency-buy-the-dip-on-coinbase-says-canaccord.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137784542","content_text":"Coinbase’s price may fluctuate alongside the value of bitcoin in the short-term, but Canaccord is betting on the future of blockchain technology and initiating coverage of the crypto exchange as a buy.\nThe largest U.S. cryptocurrency exchange’s stock, which last traded at around $233, made itspublic debut in mid-Apriland fell sharply with the price of bitcoin in late May. Bitcoin is currently trading around $39,000 following a rollercoaster month of trading after itsprice drop almost a month ago.\nCoinbase’s revenue is largely driven by trading fees, 81% of which come from retail trading and 5% from institutional trading, according to Canaccord. It has the highest trading fees across crypto exchanges, the bank found.\nStill, Canaccord said it’s confident Coinbase’s business will ultimately expand beyond retail trading and into emerging opportunities for the blockchain – which could include supporting new protocols beyond bitcoin and Ethereum, decentralized finance and cloud solutions – and that crypto exchange will be a “super on-ramp” into that new world.\nCanaccord set its one-year price target on the stock at $285, which is 12 times its 2022 enterprise value-to-sales estimate.Enterprise value-to-salesis a ratio that measures a firm’s value versus its sales revenue.\n“Market share and technology leaders that leverage their positions to drive innovation via creating new customer behaviors present some of most compelling, long-term value propositions in the market,” the bank said. “Although we will see ongoing volatility, we don’t think that comparing the longer-term potential of the blockchain and digital assets to what we have seen in ecommerce is off the mark.”\nThe analysts noted that Coinbase shares are likely to see headwinds in the short term, based on crypto spot price volatility so far in June.\n“If we are in a bitcoin holding pattern here for a while, COIN could likely see sequentially weaker financial performance,” they said.\nStill, “we remain biased to the upside on bitcoin medium term and believe that resilience and elegance in the blockchain provide a great foundation for the entirety of digital assets from here,” the analysts wrote.\nCanaccord’s analysts highlighted bitcoin’s increasingly vertical supply curve – that is, the fact that quantities are limited, regardless of how much investors are willing to pay – as well as institutional interest in digital assets, comparative valuation to other stores of value, and “importantly what we view as an inevitable U.S. ETF.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4823561,"gmtCreate":1623885488784,"gmtModify":1635315210532,"authorId":3582520228861009,"author":{"id":3582520228861009,"authorId":3582520228861009,"name":"CPCat","avatar":"https://static.tigerbbs.com/3bafaf3d39abfb78a4bedf785310721a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163653354,"type":1,"supId":0,"prevId":0,"content":"I think better to invest in the casino (<a href=\"https://laohu8.com/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a>) than to be a player in the casino (crypto)","text":"I think better to invest in the casino (<a href=\"https://laohu8.com/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a>) than to be a player in the casino (crypto)","html":"I think better to invest in the casino (<a href=\"https://laohu8.com/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a>) than to be a player in the casino (crypto)"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":267,"commentSize":142,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}