Coinbase 在市场动荡中暴跌，但分析师认为有潜在的上涨空间

Coinbase (COIN) 股票在过去五天里下跌了 16%，反映了加密货币和股票市场的波动。加密货币分析师威尔·克莱门特 (Will Clemente) 表示，由于低估了 Coinbase 的收入来源，投资者可能会错失潜在的买入机会，其中包括不断增长的以太坊第 2 层网络 Base，该网络会产生大量交易费用。尽管战略转向“加密超级应用程序”模式，但传统投资者仍然将 Coinbase 仅视为交易所，可能忽视了其长期潜力。

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

Coinbase 股价因市场波动而暴跌，但分析师强调潜在的上涨空间

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.

著名的加密货币交易所 Coinbase (COIN) 股价大幅下跌，过去五个交易日暴跌 16%。这种下跌反映了加密货币和股票市场更广泛的市场波动。然而，一位分析师认为，投资者可能忽视了 Coinbase 的潜在买入机会。

"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.

加密货币分析师威尔·克莱门特 (Will Clemente) 在最近的 Unchained Crypto 播客中表示：“我认为很多加密货币本地人都明白，市场并没有真正对加密货币本地人的收入进行定价。”

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 代表了一种独特的投资主张，类似于特斯拉五年前在公开市场上的风险投资。他认为，尽管 Coinbase 在过去 12 个月里发生了巨大的商业模式转变，但传统投资者仍然只将 Coinbase 视为一家交易所。

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

克莱门特断言：“在整个熊市中，他们做出了很多战略调整，转向我所说的加密超级应用程序。”

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 特别强调了 Coinbase 的以太坊第 2 层网络 Base，该网络拥有 53.5 亿美元的锁定总价值 (TVL)，每秒处理令人印象深刻的 30.81 笔每日交易。

"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.

“在过去 30 天里，仅根据测序仪费用，Base 就为 Coinbase 创造了 3000 万美元的收入，每年约为 3.6 亿美元，”他解释道。克莱门特表示，传统投资者未能认识到链上发生的重要活动。

"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.

他强调说：“华尔街甚至不知道 Base 是什么，他们绝对不会推断出那里发生的大量活动的潜力以及 Coinbase 可能从中受益的测序费用。”

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.

据谷歌财经数据显示，截至发稿时，Coinbase 股价为 218.08 美元，过去五天下跌近 16%。

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

Cointelegraph 预计 Coinbase 将在未来几周内发布 2024 年第一季度的收益报告。

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.

更广泛的市场背景仍然波动，标准普尔 500 指数在过去五天里下跌了 3.12%，比特币 (BTC) 同期下跌了约 4.67%。与此同时，在伊朗中部伊斯法罕机场发生爆炸的报道之后，中东地缘政治紧张局势预计将给两个市场带来进一步的下行压力。