3 Charts That Show Me Coinbase Is Set Up for a Big Year Ahead
Coinbase (NASDAQ: COIN) is a top dog and first mover in the crypto space. It's a platform that allows people to invest in over 100 cryptocurrencies. While Bitcoin (CRYPTO: BTC) is the most famous coin offered on Coinbase, the real action is found in the non-Bitcoin crypto available on the site. That's where you will find 12,000% returns.
These non-Bitcoin cryptocurrencies are referred to as altcoins. I believe this altcoin universe will one day dwarf Bitcoin in importance (and valuation). So that's why investors are flocking to Coinbase, in my opinion. They are looking for under-the-radar coins that will shoot to the moon.
First we'll look at charts for Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX), two altcoins on the Coinbase platform that have skyrocketed this year. And then we'll see a dramatic mismatch, when we look at Coinbase's stock chart. So let's start with one of the big winners on Coinbase's platform.
Source Fool.com
