Thursday 15 April 2021

Coinbase IPO | From $381 to $429.54 and closed at $328.28

Having a cryptocurrency exchange be listed on the NASDAQ is funny because cryptocurrency is thought to be decentralised meaning the government does not control it's supply and cannot produce more Bitcoin for example when it is in high demand.

So it is funny that Coinbase chooses to list on the financial market which is usually manipulated or controlled by institutional investors. However, being the first major cryptocurrency start-up listed in the US market, it has added more credibility to cryptocurrency showing it's power as it's listing IPO price beats the original reference price of USD$250.

 Read more: Q1 2021 Portfolio Update | Crypto, Stock Holdings and Dividends

Coinbase IPO Price

Coinbase opened at $381 and quickly shot up as high as $429.54, before closing for the day at $328.28. It is amazing how valuations are nowadays with IPOs being so hot. From Airbnb to Slack and Roblox, IPOs really are red hot as people want to snag a piece of it for themselves. There is so much volatility and excitement in the stock market that at times, it kinda scares me as price increases and decreases at such a rapid pace. All right, back to the topic of Coinbase.

Cryptocurrency prices leading up to Coinbase IPO

What it did was also to drive cryptocurrency prices up with Bitcoin hitting USD$64,000 and dogecoin hitting ATH. Coinbase being able to do a direct listing definitely boost the confidence that cryptocurrency is definitely here to stay. Traditional banks will now have extra competition as different storage avenues are available and people can have more exposure to them.

Coinbase has also mentioned that their business results would fluctuate with the volatility of crypto assets. This is a huge step into exposing more people to cryptocurrency and those who have stood with it since the beginning can finally see all the aspiration and ideas come true.

Read more: Let’s talk about Cryptocurrency | Revealing my Crypto holdings

Making history

It is amazing to be witnessing this whole thing and it will go down in history. I am happy to be able to record this down in my blog. There are just so many things happening that is worth recording. Let's see 10 years from now, how different would cryptocurrency be?

You can also find me on

Would appreciate a like or subscribe on my YouTube channel if you have enjoyed my videos and articles!

1 comment:

  1. Recording success in Cryptocurrency Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $50,000support level once again and this is likely to trigger a possible move towards $60,000 resistance area regardless the dip.However , it's is best advice you find a working strategy by hub/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with Mr Carlos daily signals and strategy, on his platform, and his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 3weeks of trading with his daily signals, growing my 0.2BTC to 2.2BTC. Mr Carlos daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him and I'm still trading with him, He is available to give assistance to anyone who love crypto trading and beginners in bitcoin investment , I would suggest you contact him on WhatsApp: +1(424)285-0682 and telegram : @IEBINARYFXfor inquires and profitable trading platform systems. Bitcoin is taking over the world.