COIN

Winter

<p>H.C. Wainwright, a leading New York investment bank, has notified its investors that crypto winter is finally over.</p>
<p>Furthermore, crypto lending platforms that have been able to weather the storm will be uniquely poised to profit from a likely future hype train – chief among them being Coinbase.</p>
<h2 id="scarcity-drives-value">Scarcity Drives Value</h2>
<p>In the words of H.C. Wainwright <a href="https://hcwco.bluematrix.com/sellside/EmailDocViewer?encrypt=2b411f55-2386-4e7f-8f86-4cf9037b824d&amp;mime=pdf&amp;co=Hcwco&amp;id=jayson.derrick@investoogroup.com&amp;source=mail" data-wpel-link="external" target="_blank">analyst</a> Mike Colonnese, Coinbase is uniquely positioned to profit from the purported future bull run due to its unicorn status as a high-value, publicly traded crypto company. As a result, Coinbase’s stock, COIN, can be considered a rare asset and one expected to perform well in any bull run.</p>
<blockquote><p>“Lastly, we view COIN as a scarce asset, as Coinbase is the only publicly listed crypto native company in the US with a market cap in excess of $10B, which means competition for investor capital is extremely limited, and given the current regulatory environment for crypto, we see Coinbase’s scarcity value unlikely to change over the near term.”</p></blockquote>
<p>Furthermore, Colonnese believes there is no time like the present for investors looking to break into the market to get in on the action, citing an 85% price drop since COIN’s ATH. Currently, COIN is valued at $40 per share. However, Colonnese asserted that in the near future, the stocks’ price could shoot up to 75$, provided everything goes according to plan.</p>
<p>The analysis of Coinbase’s possible future performance also takes into account the SEC’s <a href="https://cryptopotato.com/gary-gensler-the-sec-will-not-change-its-attitude-toward-crypto-exchanges/" data-wpel-link="internal">recent actions</a> against various crypto platforms. However, Colonnese notes that the SEC generally takes action against staking services offered by financial services. Fortunately for Coinbase, staking only accounted for 3% of its revenue last year.</p>
<h2 id="bull-run-allegedly-on-the-horizon">Bull Run Allegedly on the Horizon</h2>
<p>Further strengthening his argument, Colonnese shares recent <a href="https://cryptopotato.com/bitcoin-for-beginners/" data-wpel-link="internal">Bitcoin</a> growth charts, inferring that the price of the asset seems to have not only stabilized but gone on an upwards trend. In turn, crypto markets – which are still highly dependent on BTC’s value – have increased by up to 45% since last year, when the crypto winter had already settled in.</p>
<p>Although the market shows signs of recovery, it’s important to note that untoward developments can come out of the left field at any moment – and even a<a href="https://cryptopotato.com/bitcoin-bounces-back-5-from-false-alarm-panic-dump/" data-wpel-link="internal"> false alarm</a> can trigger a sell-off that may discourage newer investors. The golden rule still stands – before any investment, Do Your Own Research.</p>
<p>The post <a href="https://cryptopotato.com/crypto-winter-is-over-says-new-york-investment-bank-h-c-wainwright/" rel="nofollow">Crypto Winter Is Over, Says New York Investment Bank H.C. Wainwright</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

Crypto Winter Is Over, Says New York Investment Bank H.C. Wainwright

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