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Coinbase IPO buzz sends other cryptocurrencies higher

Coinbase IPO buzz sends other cryptocurrencies higher


Seeking Alpha
2021-04-13 14:17:45
Coinbase IPO buzz sends other cryptocurrencies higher

The upcoming Coinbase Global (COIN) IPO has sparked new interest in other cryptocurrencies. Analysts note that ETF approval and institutional interest could broaden the cryptocurrency rally.Wedbush Securities on Bitcoin/crypto: "While the supply/demand dynamics of Bitcoin likely create an upward trajectory looking ahead, this digital gold path will continue to create an emotional bull/bear debate around crypto on the Street that is not going away. In our opinion, Bitcoin is not disappearing but instead likely to become more mainstream over the coming years. To this point, we believe the story and theme here is much larger than just investing in Bitcoin and predicting its potential path/timeline to $100k, but rather around the potential ramifications that crypto, blockchain, and Bitcoin could have across the technology and corporate world for the next decade." 24-hour moves: Ripple (XRP-USD) +21.29%, Cardano (ADA-USD) +5.24%, Uniswap (LTC-USD) +4.44%, Stellar (XLM-USD) +6.15%, Bitcoin Cash (BCH-USD) +5.18%, Dogecoin (DOGE-U)

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