Coinbase Stock Skyrockets 20%! Bitwise CIO Predicts It Could Be the Next Trillion-Dollar Giant
TradingKeyMay 14, 2025 1:44 AM
TradingKey – Coinbase shares surged nearly 24%, catapulting its market cap to $65.4 billion and ranking 387th globally.
On Tuesday (May 13), Coinbase (COIN)—the world’s second-largest crypto exchange—soared 25% intraday before closing up 23.97% at $256.90, fueled by its upcoming S&P 500 inclusion.
Coinbase Stock Price Chart, Source: Google.
With its market cap now at $65.4 billion, Coinbase has jumped 111 spots to become the 387th most valuable asset worldwide.
Global Asset Rankings #340-350, Source: 8marketcap.
"If I had to pick one sub-$100B company most likely to hit $1 trillion next, it'd be Coinbase," declared Matt Hougan, Bitwise’s Chief Investment Officer.
TradingKey Stock Score
Coinbase Global Inc Key Insights:The company's fundamentals are relatively very healthy. Its valuation is considered overvalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading. View Details >>
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