由于加密货币市场波动，Coinbase 面临价格暴跌；分析师强调隐藏的潜力

尽管加密货币分析师威尔·克莱门特 (Will Clemente) 表示投资者可能会错过潜在的买入机会，但 Coinbase (COIN) 的股价在过去五天内暴跌 16%。 Clemente 认为，传统投资者仍然仅将 Coinbase 视为交易所，而忽视了其向“加密超级应用程序”的转变，其以太坊第 2 层网络 Base 具有巨大的收入潜力。截至撰写本文时，COIN 交易价格为 218.08 美元，过去五天下跌约 16%。

Coinbase Faces Market Volatility Amid Broader Crypto Turmoil, Analyst Highlights Untapped Potential

Coinbase 在更广泛的加密货币动荡中面临市场波动，分析师强调尚未开发的潜力

Amidst the recent fluctuations in the crypto and stock markets, Coinbase (COIN) shares have experienced a significant decline, plunging 16% over the past five trading days. However, one prominent analyst, Will Clemente, believes that investors may be overlooking the company's untapped potential.

在近期加密货币和股票市场的波动中，Coinbase（COIN）股价出现大幅下跌，过去五个交易日暴跌 16%。然而，一位著名分析师威尔·克莱门特认为，投资者可能忽视了该公司尚未开发的潜力。

In a recent episode of the Unchained Crypto podcast, Clemente drew parallels between Coinbase and Tesla's position in the public markets approximately five years ago. He suggested that traditional investors tend to perceive Coinbase primarily as an exchange, despite the company's active business restructuring over the past year.

在 Unchained Crypto 播客的最近一集中，克莱门特将 Coinbase 和特斯拉大约五年前在公开市场的地位进行了比较。他表示，尽管 Coinbase 在过去一年中积极进行业务重组，但传统投资者倾向于将 Coinbase 主要视为交易所。

"Over the course of the bear market, they've made several strategic adjustments to transform themselves into what I term a 'crypto super app,'" Clemente remarked.

克莱门特表示：“在熊市过程中，他们做出了几次战略调整，将自己转变为我所说的‘加密超级应用程序’。”

He specifically highlighted the progress of Coinbase's Ethereum layer-2 network, Base, which has accumulated a total value locked (TVL) of $5.35 billion and processes over 30.81 transactions per second.

他特别强调了 Coinbase 的以太坊第 2 层网络 Base 的进展，该网络已累计锁定总价值 (TVL) 53.5 亿美元，每秒处理超过 30.81 笔交易。

"Base has produced $30 million in top-line revenue for Coinbase in the past 30 days solely through sequencer fees, which equates to an annualized revenue of $360 million," Clemente explained. He emphasized that traditional investors may be underestimating the significance of this on-chain activity.

Clemente 解释道：“过去 30 天内，仅通过排序器费用，Base 就为 Coinbase 带来了 3000 万美元的收入，相当于年收入 3.6 亿美元。”他强调，传统投资者可能低估了这一链上活动的重要性。

"The market is unaware of Base and its potential. Consequently, they are not fully comprehending the potential revenue streams Coinbase could realize from the growing activity on the network and the sequencer fees associated with it," Clemente added.

“市场不了解 Base 及其潜力。因此，他们没有完全理解 Coinbase 可以从网络上不断增长的活动以及与之相关的排序器费用中实现的潜在收入流，”克莱门特补充道。

As of the time of writing, COIN is trading at $218.08, marking a decline of approximately 16% over the past five days. Over the same period, the S&P 500 has retreated by 3.12%, while Bitcoin (BTC) has depreciated by around 4.67%.

截至撰写本文时，COIN 的交易价格为 218.08 美元，过去五天下跌约 16%。同期，标准普尔 500 指数下跌 3.12%，而比特币 (BTC) 贬值约 4.67%。

Meanwhile, expectations of further market declines persist due to escalating geopolitical tensions in the Middle East following reports of explosions at Isfahan airport in central Iran.

与此同时，由于伊朗中部伊斯法罕机场发生爆炸的报道，中东地缘政治紧张局势不断升级，市场进一步下跌的预期依然存在。

Amidst the prevailing market volatility, Cathie Wood's ARK Invest remains actively selling COIN shares. On April 15, ARK reportedly sold 3,689 COIN shares valued at roughly $824,000. This action follows ARK's previous divestment of a substantial number of Coinbase shares in March, when the stock was experiencing a notable year-to-date increase of approximately 54%.

在当前市场波动的情况下，Cathie Wood 的 ARK Invest 仍然积极出售 COIN 股票。据报道，4 月 15 日，ARK 出售了 3,689 股 COIN 股票，价值约 824,000 美元。此前，ARK 在 3 月份撤资了大量 Coinbase 股票，当时该股今年迄今已大幅上涨约 54%。