Coinbase Just Hit an All-Time Low, but It's Still a Buy
It has been a brutal end to the year for Coinbase (NASDAQ: COIN). The onset of crypto winter, combined with the fallout from the FTX meltdown, has led droves of investors to dump Coinbase shares. Coinbase is now down 82% year to date, and its market value has plunged below $10 billion on more than one occasion. And for the past two weeks, Coinbase has been hitting new all-time lows.
However, there is a strong case to be made that Coinbase is now significantly undervalued by investors. Due to all the fear, uncertainty, and doubt (FUD) in the marketplace, investors are knocking Coinbase down to unreasonable lows. Let's take a closer look at the contrarian case for investing in Coinbase now.
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