COIN

Vision

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In a surprising turn of events, Coinbase, the leading crypto exchange in the U.S., has witnessed a staggering 78% surge in its share price throughout November. Climbing from $71.88 per share to $128.27, the crypto giant achieved its highest value since April 2022.
The notable price action caught the attention of financial market experts and crypto enthusiasts alike. Among them is&nbsp;<a href="https://x.com/JohnEDeaton1/status/1729542802231447794?s=20" rel="noopener noreferrer nofollow">John Deaton</a>, the founder of CryptoLaw and a well-known advocate for&nbsp;<a href="https://u.today/1348-million-in-xrp-unveiled-by-main-binance-competitor-details" rel="noopener noreferrer nofollow">XRP</a>.
Offering a bullish perspective on Coinbase's future,&nbsp;<a href="https://u.today/xrp-advocate-defends-cardano-creator-from-bitcoin-fans-after-this-happened" rel="noopener noreferrer nofollow">Deaton</a> expressed his confidence in a short but powerful statement, declaring, "I think it's a screaming buy under $150." <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8e3243d6-87d6-4ae5-9ac3-1619a7d742e2" src="https://u.today/sites/default/files/inline-images/COIN_2023-11-29_15-27-18.png">Source: <a href="https://www.tradingview.com/x/ZlIeMT1Z/" rel="noopener noreferrer nofollow">TradingView</a>
Thus, according to Deaton's vision, Coinbase's share price may have the potential for an additional 16.94% upside.
<h2 dir="ltr" id="insiders-and-sec">Insiders and SEC</h2>
The green candles illuminating COIN's price chart are seen as a direct response to the challenges faced by Coinbase's main competitor, Binance, the world's largest cryptocurrency exchange. Recent regulatory pressures led to the resignation of Binance's CEO and a hefty $4.3 billion fine for the exchange.
While&nbsp;<a href="https://u.today/coinbase-v-sec-heres-whats-happening-now" rel="noopener noreferrer nofollow">Coinbase</a> is not immune to regulatory scrutiny, facing an ongoing legal battle with the U.S. SEC for over a year, the recent surge has prompted some insiders to capitalize on the rally.
Notably, Fred Ehrsam, cofounder and director of the exchange, reportedly seized on the opportunity to cash out, selling a substantial $9 million worth of shares.
<blockquote>
 <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$COIN</a>🔸Coinbase co-founder and director Fred Ehrsam sells almost $9M in company stock— *Walter Bloomberg (@DeItaone) <a href="https://twitter.com/DeItaone/status/1729587903297126458?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 28, 2023</a>
</blockquote>
As the crypto market continues to navigate regulatory hurdles and competitive dynamics, Deaton's bullish stance on Coinbase suggests that there may be untapped potential in the rising share prices, making it a topic of considerable interest for investors eyeing the broader crypto landscape.

XRP Lawyer Shares Bullish Vision on Coinbase's COIN Price: 'It's Screaming Buy'

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