Coinbase：被低估的加密貨幣超級應用程式有望成長

由於加密貨幣和股票市場的波動，Coinbase (COIN) 的股價在過去五天內下跌了 16%。然而，分析師 Will Clemente表示，這種下跌提供了買入機會，因為投資者可能忽略了該公司從其加密原生計畫（例如以太坊第2 層網路Base）中獲得的潛在收入。

Coinbase: A Crypto Super App with Undervalued Potential

Coinbase：潛力被低估的加密貨幣超級應用

Amidst the recent market volatility, Coinbase (COIN) shares have experienced a significant decline of over 15% in the past five days. However, renowned crypto analyst Will Clemente believes that investors may be overlooking the tremendous potential of the company.

在近期市場波動的情況下，Coinbase (COIN) 股價在過去五天內大幅下跌超過 15%。然而，著名加密貨幣分析師威爾·克萊門特（Will Clemente）認為，投資人可能忽略了該公司的巨大潛力。

Clemente asserts that Coinbase has evolved beyond its traditional role as an exchange, transforming into a comprehensive "crypto super app" with a diverse array of offerings. He highlights Coinbase's Ethereum layer-2 network, Base, as a key driver of future growth.

Clemente 斷言，Coinbase 已經超越了其作為交易所的傳統角色，轉變為提供多種產品的綜合性「加密超級應用程式」。他強調 Coinbase 的以太坊第 2 層網路 Base 是未來成長的關鍵驅動力。

Base has rapidly gained traction, boasting a total value locked (TVL) of $5.35 billion and processing over 30 transactions per second. Clemente estimates that Base's sequencer fees alone could generate annual revenue of $360 million for Coinbase.

Base 迅速獲得關注，鎖定總價值 (TVL) 達 53.5 億美元，每秒處理超過 30 筆交易。 Clemente 估計，光是 Base 的定序儀費用就可以為 Coinbase 帶來 3.6 億美元的年收入。

"Traditional investors still view Coinbase purely as an exchange, but the company has made significant strategic shifts towards becoming a crypto super app," Clemente emphasizes. "They're not fully appreciating the potential of Base and the revenue it can generate."

克萊門特強調：“傳統投資者仍然將 Coinbase 純粹視為一家交易所，但該公司已經做出了重大戰略轉變，朝著成為加密貨幣超級應用程式的方向發展。” “他們沒有完全認識到 Base 的潛力及其可以產生的收入。”

Despite Base's impressive performance, its impact on Coinbase's valuation remains largely unrecognized by mainstream investors. Clemente attributes this oversight to a lack of awareness and understanding of the on-chain activity that is driving Base's growth.

儘管 Base 的表現令人印象深刻，但其對 Coinbase 估值的影響在很大程度上仍未得到主流投資者的認可。 Clemente 將這種疏忽歸因於對推動 Base 成長的鏈上活動缺乏認識和理解。

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

「街上甚至不知道基地是什麼，」克萊門特評論道。 “他們絕對沒有推斷在那裡發生的活動的潛力以及 Coinbase 可能從中受益的測序費用。”

Clemente's bullish outlook on Coinbase is supported by the company's upcoming earnings report for the first quarter of 2024. The report is expected to shed light on the financial impact of Base's growth and other strategic initiatives.

Clemente 對 Coinbase 的樂觀前景得到了該公司即將發布的 2024 年第一季財報的支持。

While the broader market faces headwinds, Coinbase's unique position as a crypto super app provides a compelling investment opportunity for those willing to embrace the transformative potential of the crypto ecosystem.

雖然更廣泛的市場面臨阻力，但 Coinbase 作為加密超級應用程式的獨特地位為願意擁抱加密生態系統變革潛力的人提供了令人信服的投資機會。

Despite the recent sell-off, Coinbase's fundamentals remain strong. The company is well-positioned to capitalize on the growing demand for crypto products and services, driven by its comprehensive platform and innovative offerings such as Base.

儘管最近出現拋售，Coinbase 的基本面依然強勁。在其綜合平台和 Base 等創新產品的推動下，該公司處於有利地位，可以利用對加密產品和服務不斷增長的需求。

As the crypto industry matures and adoption accelerates, Coinbase is poised to emerge as a leading player in this rapidly evolving landscape. Its undervaluation presents a significant opportunity for investors to capitalize on the company's long-term growth potential.

隨著加密貨幣行業的成熟和採用的加速，Coinbase 有望成為這個快速發展的領域的領導者。其估值被低估為投資者提供了利用該公司長期成長潛力的重大機會。

In conclusion, Coinbase's transformation into a crypto super app with a diverse revenue stream has been overlooked by traditional investors. However, savvy investors who recognize the potential of Base and the company's strategic positioning can seize this opportunity to invest in a company at the forefront of the crypto revolution.

總而言之，Coinbase 轉型為具有多元化收入來源的加密貨幣超級應用程式的過程被傳統投資者忽視了。然而，認識到 Base 潛力和公司策略定位的精明投資者可以抓住這個機會，投資一家處於加密革命前沿的公司。