Join the larget crypto conference of 2023 in Bitcoin

OKX BOTS

Ethereum’s “the merge” may pump COIN stock: CITI

Ethereum's "the merge" may pump COIN stock: CITI 3

Banking giant Citi’ analyst stated that upcoming development works in the Ethereum project to shift the network from Proof-of-work to Proof-of-stake may result in better outcomes for Coinbase’s COIN. 

“The Merge” is a very important upgrade development work in the Ethereum blockchain project. Through the merge, developers will shift the Ethereum blockchain from Proof-of-work (PoW) consensus to Proof-of-stake (POS) consensus to make the transactions of the Ethereum network very efficient & much better, which will further make the Ethereum network affordable & useful for retail traders.

According to the Citi client note, Peter Christiansen, a Citi analyst, is looking at the stock price of Coinbase (COIN) for the next 90 days. According to Peter, Coinbase (COIN) is showing a bullish moment in the next three months because of the ongoing upgrade work in the Ethereum blockchain network.

Peter noted that “the merge” and regulatory clarity are two catalysts for the Coinbase exchange and it could turn into ” hundreds of millions of annual blockchain reward revenue for Coinbase (COIN)” and stimulate Web 3.0 development“.

Coinbase (COIN) price action

On 5 August, the price of COIN closed at $93.05 with a net 4.67% over the last trade day. 

Ethereum's "the merge" may pump COIN stock: CITI 2

In the present situation, the COIN price is not much impressive because it is down by around 74% from its all-time high. Probably the analysis presented by the CITI analyst may play some significant role to back up the price of COIN.

Not only Coinbase stock is struggling but also the Coinbase team is struggling because of the ongoing two lawsuits, one against Coinbase & another against Coinbase’s former product manager Ishan Wahi.  

One of the lawsuits is indirectly targeting the Coinbase exchange to provide unregistered securities trading. These things are creating huge controversy among the US regulatory bodies vs crypto companies.

Read also: In 2014, former Google CEO calls BITCOIN as a “remarkable cryptographic achievement”

Ethereum’s “the merge” may pump COIN stock: CITI

 

https://bitcoinik.com/ethereums-the-merge-may-pump-coin-stock-citi/feed/

https://bitcoinik.com/ethereums-the-merge-may-pump-coin-stock-citi/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

🚀🚀Get ready for the biggest ICO of 2022.
✅ICO starts from August 16, 2022
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

Please follow and like us:
Social media & sharing icons powered by UltimatelySocial