Coinbase 在市場動盪中暴跌，但分析師認為有潛在的上漲空間

Coinbase (COIN) 股票在過去五天下跌了 16%，反映了加密貨幣和股市的波動。加密貨幣分析師威爾·克萊門特(Will Clemente) 表示，由於低估了Coinbase 的收入來源，投資者可能會錯失潛在的買入機會，其中包括不斷增長的以太坊第2 層網絡Base，該網路會產生大量交易費用。儘管策略轉向「加密超級應用程式」模式，但傳統投資者仍然將 Coinbase 僅視為交易所，可能忽視了其長期潛力。

Coinbase Share Tumble Amidst Market Volatility, but Analyst Highlights Potential Upside

Coinbase 股價因市場波動而暴跌，但分析師強調潛在的上漲空間

Coinbase (COIN), a prominent cryptocurrency exchange, has witnessed a significant drop in its share price, plunging 16% over the past five trading days. This decline mirrors the broader market volatility that has gripped both the cryptocurrency and stock markets. However, one analyst believes that investors may be overlooking a potential buying opportunity in Coinbase.

著名的加密貨幣交易所 Coinbase (COIN) 股價大幅下跌，過去五個交易日暴跌 16%。這種下跌反映了加密貨幣和股票市場更廣泛的市場波動。然而，一位分析師認為，投資者可能忽略了 Coinbase 的潛在買入機會。

"The street isn't really pricing in the crypto native revenue that I think a lot of the crypto natives understand," remarked crypto analyst Will Clemente in a recent Unchained Crypto podcast.

加密貨幣分析師威爾·克萊門特 (Will Clemente) 在最近的 Unchained Crypto 播客中表示：“我認為很多加密貨幣本地人都明白，市場並沒有真正對加密貨幣本地人的收入進行定價。”

According to Clemente, Coinbase represents a unique investment proposition akin to Tesla's venture-style bet in the public markets five years ago. He contends that traditional investors continue to perceive Coinbase solely as an exchange, despite its substantial business model transformations in the past 12 months.

Clemente 表示，Coinbase 代表了一種獨特的投資主張，類似於特斯拉五年前在公開市場上的創投。他認為，儘管 Coinbase 在過去 12 個月裡發生了巨大的商業模式轉變，但傳統投資者仍然只將 Coinbase 視為一家交易所。

"Throughout the bear market, they made a lot of strategic pivots to shift toward what I'm calling a crypto super app," Clemente asserted.

克萊門特斷言：“在整個熊市中，他們做出了很多戰略調整，轉向我所說的加密超級應用程式。”

Clemente specifically highlighted Coinbase's Ethereum layer-2 network, Base, which boasts a total value locked (TVL) of $5.35 billion and processes an impressive 30.81 daily transactions per second.

Clemente 特別強調了 Coinbase 的以太坊第 2 層網路 Base，該網路擁有 53.5 億美元的鎖定總價值 (TVL)，每秒處理令人印象深刻的 30.81 筆每日交易。

"Over the last 30 days, Base has generated $30 million in top-line revenue for Coinbase just based on the sequencer fees, which annualizes out to like $360 million a year," he explained. Clemente suggests that traditional investors are failing to recognize the significant activity taking place on-chain.

「在過去 30 天裡，僅根據定序儀費用，Base 就為 Coinbase 創造了 3,000 萬美元的收入，每年約為 3.6 億美元，」他解釋道。克萊門特表示，傳統投資者未能認識到鏈上發生的重要活動。

"The street doesn't even know what Base is, and they're definitely not extrapolating out the potential of a ton of activity taking place there and the sequencer fees that Coinbase may benefit from," he emphasized.

他強調：“華爾街甚至不知道 Base 是什麼，他們絕對不會推斷那裡發生的大量活動的潛力以及 Coinbase 可能從中受益的測序費用。”

At the time of publication, Coinbase shares were trading at $218.08, a decline of nearly 16% over the past five days, as reported by Google Finance data.

根據Google財經數據顯示，截至發稿時，Coinbase 股價為 218.08 美元，過去五天下跌近 16%。

Cointelegraph anticipates that Coinbase will release its earnings report for the first quarter of 2024 in the coming weeks.

Cointelegraph 預計 Coinbase 將在未來幾週內發布 2024 年第一季的收益報告。

The broader market backdrop remains volatile, with the S&P 500 having shed 3.12% over the past five days and Bitcoin (BTC) recording a decline of approximately 4.67% in the same period. Meanwhile, geopolitical tensions in the Middle East are expected to exert further downward pressure on both markets following reports of explosions at Isfahan airport in central Iran.

更廣泛的市場背景仍然波動，標準普爾 500 指數在過去五天下跌了 3.12%，比特幣 (BTC) 同期下跌了約 4.67%。同時，在伊朗中部伊斯法罕機場發生爆炸的報道之後，中東地緣政治緊張局勢預計將為兩個市場帶來進一步的下行壓力。