Rosenblatt analyzers believe that Coinbase successfully reduces the effect of weaker trading sizes by taking advantage of the rapid expansion of Stablecoins – especially USDC.
Stablecoins, the digital assets designed to maintain a fixed value – have often linked to the US dollar – have seen remarkable growth over the past year.
According to Cryptoquant, the total market value of the dollar -backed Stablecooins increased by more than 46 %, reaching record levels in 2024.
Rosenblatt is recommended to purchase Dip Coinbase, pointing to the growth of USDC Stablecoin
Trading volumes in cautious market conditions decreased, with average daily in March now by 20 % less than February, although an increase of 10 % just two weeks ago. Meanwhile, StableCoin Growth, led by USDC-second largest Stablecoin in the market-has increased from the revenue sharing agreement by 50 % with Coinbase.
Chris Brendler, an analyst in Rosenblatt, expressed his confidence in Queen Baz’s look, noting that the potential pressure on the company’s upper line is compensated through the power of the powerful market share and the rapid growth of USDC, which increased by 36 % from year to date.
He highlighted that with Stablecoin’s legislation most likely by the third quarter of 2025, investors may reduce the capabilities of non -rooted revenue flows in Coinbase. With the transformation of the political environment, the stock is expected to be re -evaluated with the height of investors with more confidence in the Coinbase business mix.
For this reason, Brendler stated that Rosenblatt recommends buying arrows and offering any vulnerability related to size as the opportunity to buy.
Brendler set a target target of $ 305 for stocks, which represents an approximately 50 % increase from the last closure price.
The USDC’s global adoption increased, making the market more stable
The market value is about 143.78 billion dollars, and it represents approximately 61.71 %, while the market value of USDC is about 25 % in the Stablecoin market.
Tether’s market value increased by 5 % this year, while USDC increased by 36 %.
During the company’s latest profit call, CEO Coinbase Brian Armstrong stated that the company’s long -term goal is to make USDC above Stablecoin.
Coinmarketcap Reports that USDC is circulating at $ 0.9999, which reflects a decrease of 0.01 during the past 24 hours.
Although 9 % decreased in March and a decrease in 21 %, Coinbase has increased by 1 % since Trump was re -elected in November.
Brendler said: “We believe that the continuous weakness is unlikely due to many positive winds from the sea from changing the positions towards encryption in the capital, so our estimates remain unchanged at the present time,” Brendler said.
Rosenblatt begins to report Coinbase due to the capabilities of the new management as a positive incentive
Noting the possibility of a positive catalyst for the position of the new pro -captain management and the expected expectations that pay the institutional adoption, Rosenblatt began to start reports on Coinbase, recommending investments with a price of $ 305 and “purchase” classification.
According to analysts, the long -awaited list will stimulate full institutional adoption, which makes the new administration as a great positive incentive for the encrypted currency.
The company believes that organizational clarity will benefit greatly from Coinbase, especially since SEC is increasingly tolerance of digital assets.
In addition, Coinbase reduced its dependence on trading fees by diversifying its sources of income. In the fourth quarter of 2024, incredible revenue increased by 71 % annually, and Rosenblatt is expected to continue this trend.
Although traditional financial institutions may become more competitive, analysts believe that the range of wide products in Coinbase and more than ten years of experience will help them to stick to first place.
Cryptopolitan Academy: Do you want to develop your money in 2025? Learn how to do this with Defi on our next electronic performance. Keep your place
adxpro.online