Why Coinbase, Cardano, and Solana Are Rising Today
Most cryptocurrencies and crypto-related stocks zoomed higher today after crypto proponents claimed victory in a closely watched lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the creator of XRP (CRYPTO: XRP).
Shares of the large U.S.-based crypto exchange (NASDAQ: COIN) traded nearly 18% higher as of 2:52 p.m. ET today. Meanwhile, since late afternoon yesterday, the prices of cryptocurrencies Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) were up roughly 22% and 16.5%, respectively.
The big news for the crypto industry is that today a U.S. district court judge made a big ruling in the lawsuit between the SEC and Ripple, which is expected to have major ramifications for the entire crypto industry.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
On the other hand, the target price of 161 € is below the current price of 223.8 € for Coinbase Global Inc., so the potential is actually -28.06%.
