Better Bitcoin Stock: Coinbase Global vs. Marathon Digital
(NASDAQ: COIN) and Marathon Digital (NASDAQ: MARA) represent two very different ways to invest in the Bitcoin (CRYPTO: BTC) market. Coinbase is one of the world's largest cryptocurrency exchanges, and it facilitates trades of Bitcoin, Ether (CRYPTO: ETH), Tether (CRYPTO: USDT), and other crypto assets. Marathon is a Bitcoin miner that mines its own Bitcoin with a massive fleet of high-end application-specific integrated circuit (ASIC) miners.
Both stocks more than tripled this year as Bitcoin's price more than doubled. That rally was driven by stabilizing interest rates, potential approvals for exchange-traded funds (ETFs) pinned to Bitcoin's spot price, and its growing popularity as a safe haven asset. But should you invest in either of these Bitcoin-driven stocks right now?
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 27 Buy predictions and 14 Sell predictions.
With a target price of 181 € there is a slightly positive potential of 9.09% for Coinbase Global Inc. compared to the current price of 165.92 €.
