Better Buy: Coinbase or Uniswap?
Cryptocurrency exchange Coinbase Global (NASDAQ: COIN) is up a stunning 72% this year. It remains a top pick of value investors, such as Ark Invest's Cathie Wood, who has repeatedly scooped up Coinbase shares on the cheap throughout 2023. For investors taking a long-term view of the crypto market, Coinbase has been an obvious choice.
But don't overlook the rise of decentralized cryptocurrency exchanges, such as Uniswap (CRYPTO: UNI), which continues to pose a significant competitive threat to Coinbase. In fact, Uniswap might actually have more long-term upside potential than Coinbase. Here's why.
Coinbase is a centralized cryptocurrency exchange, and Uniswap is a decentralized cryptocurrency exchange. That might seem like an arcane technical factor, but it actually has tremendous implications for how people invest in crypto. In the wake of the FTX (CRYPTO: FTT) meltdown last year, the debate over centralized exchanges and decentralized exchanges flared up into public view.
Source Fool.com
Coinbase Global Inc. Stock
Our community is currently high on Coinbase Global Inc. with 36 Buy predictions and 20 Sell predictions.
However, we have a potential of -8.75% for Coinbase Global Inc. as the target price of 185 € is below the current price of 202.75 €.
