Coinspeaker
Coinbase Optimistic about 2023 Despite Rocky 2022
Crypto company Coinbase (NASDAQ: COIN) is optimistic about 2023 despite recording its all-time low since its initial public offering last year, declining 85.88%. On this day last year, the company traded at $268.15 before the crypto winter that affected many. It has amassed so much loss and now sells at $35. It has been the tough year 2023 for crypto, and many crypto firms had their own share, with many dismissing workers, including Coinbase
Apart from its one-year loss, Coinbase has also shed more than 86% since the year started. The company dropped 48.30% in the last three months and declined 23.26% over the past month. In the last five days, COIN has lost almost 13%. Even with Coinbase’s poor performance for the past year, the chief investment officer and portfolio manager at Ark Invest, Cathie Wood, purchased an additional 296,578 shares of Coinbase stock worth $11.9 million. With the latest purchase, the investment fu
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