CandleFocus Can Coinbase Stock Price Hit $500 as Argentina Expansion Fuels Growth?
2025-01-28
Author: Content Editor
Coinbase has received regulatory approval to launch operations in Argentina, allowing the company to provide trading and custody services within the country's legal framework. The approval comes as research shows a high demand for cryptocurrencies in Argentina, with many viewing it as a hedge against inflation and transaction costs. The move marks a significant expansion for Coinbase and could potentially lead to a rebound in the company's stock price, which has experienced a notable correction in recent months. Technical analysis suggests that the stock price could see a jump of 6.5% followed by a 33% surge if buyers regain bullish momentum.
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