Markets
What You Absolutely Must Know:
- JPMorgan has suddenly decided that Coinbase is the “big deal” and upgraded it to an “overweight” rating. Apparently, risks are now easier to swallow and, surprise, its value looks way more attractive compared to other crypto companies. Who would’ve thought?
- There’s a juicy little Base token possibly coming up, which could add a stunning $4-$12 billion to Coinbase’s pockets. JPMorgan says it could seriously beef up Coinbase’s Layer 2 blockchain. Sounds fancy, right?
- USDC yields and Coinbase One (because who doesn’t want to pay for a subscription?) could boost earnings by a whole $1 per share. Yep, you read that right: one dollar. That’s how big things get on Wall Street.
So here’s the scoop: JPMorgan (you know, the giant bank) upgraded Coinbase from “neutral” to “overweight” – because apparently they’ve found some new shiny toys and risks aren’t as scary anymore. They even upped the price target to $404. That’s a solid jump from where it’s sitting at around $332 this morning. Not bad, right?
They’re particularly excited about two things: a possible Base token and some extra fancy USDC payouts. Because who doesn’t love a token with a cryptic name, right?
Let’s talk Base, shall we? Coinbase’s Layer 2 blockchain, which they launched back in August 2023, is now one of the largest out there. It’s like that cool new restaurant everyone’s talking about. JPMorgan thinks Coinbase could score a pretty massive $12 billion to $34 billion market cap. That’s a lot of money, even in crypto land! And guess what? Coinbase would pocket a nice chunk of it, maybe up to $12 billion. Cha-ching!
But wait, there’s more! Coinbase is also trying to sweeten the deal with its USDC yields through the “exclusive” Coinbase One subscription. Think of it like a VIP club that offers 4% returns to subscribers. So, by segmenting users (because who doesn’t love being segmented?) they could boost earnings by about $1 per share annually. Hey, every little bit counts!
Of course, there’s still the looming threat of decentralized exchanges (DEXs), but JPMorgan believes things are stabilizing between the two, so no need to panic. Coinbase’s all-in-one model-brokerage, market making, exchange, custody-should keep it going, even if fees take a little dive. After all, who needs fees when you’ve got a well-oiled machine?
In the grand scheme of things, JPMorgan has pegged Coinbase’s value at 50 times what it expects the company to earn by 2027, factoring in all this Base token wizardry. They’ve got a price target of $404 by December 2026. So, are we looking at the next big thing? Only time will tell. But if you like crypto and numbers, it might be worth your while to keep an eye on Coinbase. 🧐
Read More
- DOT PREDICTION. DOT cryptocurrency
- GBP CNY PREDICTION
- PENGU PREDICTION. PENGU cryptocurrency
- Brent Oil Forecast
- USD KZT PREDICTION
- SEI PREDICTION. SEI cryptocurrency
- Gold Rate Forecast
- SOL PREDICTION. SOL cryptocurrency
- LTC PREDICTION. LTC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
2025-10-24 16:39