Coinbase (COIN) Up By 250% – Here’s Why It’s Outperforming BTC And ETH

Coinbase (COIN) Up By 250% – Here’s Why It’s Outperforming BTC And ETH
The shares of Coinbase Global (COIN) have been on a tear in recent weeks, emphasizing its positive performance in 2023. While the recent resurgence experienced by the exchange’s shares coincides with the climate shift in the general cryptocurrency market, the latest price data reveals that COIN might actually be doing better than the market leaders, Bitcoin and Ethereum, since the turn of the year. Here’s Why Coinbase (COIN) Is Up By 250% In 2023 A recent report by crypto intelligence platform IntoTheBlock has revealed that COIN is amongst the crypto-related stocks enjoying the overall positive trend in the cryptocurrency space. This positive momentum recently pushed the price of the Nasdaq-listed Coinbase stock to an 18-month high of around $115. According to data from IntoTheBlock, the COIN shares have surged in value by more than 60% in the past three months. A look at the broader price chart shows that the stock has increased by approximately 250% year-to-date (YTD), outperforming Bitcoin’s and Ether’s YTD upswing of 130% and 75%, respectively. Related Reading: Ethereum Price Prediction: Crypto Analysts Reveal Catalyst That Will Dri ..

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