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📅 July 3, 7:00 – July 9,
10x Research: Coinbase's stock price is nearing the overvaluation threshold, recommending shorting.
Odaily News 10x Research stated that the stock price of the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) is rapidly approaching an overvaluation threshold. Analyst Markus Thielen indicated that Coinbase's fundamentals (primarily volume) have not kept pace with the rise in stock price, and the stock price is quickly nearing the overvaluation threshold, which is a typical characteristic of a "tactical reversal". (CoinDesk)