{"id":202088,"date":"2023-11-28T14:48:22","date_gmt":"2023-11-28T09:18:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=202088"},"modified":"2023-11-28T14:48:22","modified_gmt":"2023-11-28T09:18:22","slug":"xrp-lawyer-john-deaton-recommends-buying-coinbase-coin-shares-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-lawyer-john-deaton-recommends-buying-coinbase-coin-shares-crypto-news\/","title":{"rendered":"XRP Lawyer John Deaton Recommends Buying Coinbase (COIN) Shares – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

In a surprising turn of events, Coinbase, the renowned cryptocurrency exchange<\/a>, has witnessed an impressive surge, reaching a new high in nearly 18 months. Meanwhile, this surge follows legal troubles for rival Binance, which recently pleaded guilty to money laundering and sanctions violations in the U.S.<\/p>\n

In the midst of these developments, XRP Lawyer John Deaton shares insights on Coinbase\u2019s stock and its potential, emphasizing its value proposition even as the crypto landscape undergoes seismic shifts.<\/p>\n

<\/p>\n

Coinbase\u2019s Soaring Stock Amid Binance Legal Woes<\/h2>\n

Coinbase<\/a>, a leading player in the cryptocurrency exchange realm, has experienced a remarkable upswing, hitting an 18-month high in the wake of legal troubles for its competitor, Binance. Meanwhile, the Coinbase\u2019s shares (COIN<\/a>) closed at $119.77 on November 27, marking its highest point since May 5, 2022.<\/p>\n

In addition, the COIN stock has touched a high and low of $121.46 and $112.1828 in the last 24 hours, as per Nasdaq data. Meanwhile, the recent surge in the exchange\u2019s stock price represents a staggering of around 257% increase on a year-to-date (YTD) basis. However, it is worth noting that despite the recent jump, the COIN stock still lags behind its all-time high of nearly $353 in November 2021.<\/p>\n

Meanwhile, the catalyst for Coinbase\u2019s recent climb stems from Binance and its founder<\/a>, Changpeng \u201cCZ\u201d Zhao, pleading guilty to money laundering, violating U.S. sanctions, and operating an unlicensed money-transmitting business. Notably, the settlement between Binance and the U.S. government amounted to $4.3 billion, leading to CZ stepping down as CEO<\/a> and Binance agreeing to compliance monitors for up to five years.<\/p>\n

<\/p>\n

Also Read: TrueUSD (TUSD) Stablecoin Depegs, Here\u2019s Why<\/a><\/strong><\/p>\n

John Deaton\u2019s Perspective on Coinbase\u2019s Potential<\/h2>\n

<\/p>\n

Notably, XRP Lawyer John Deaton provides a unique perspective on Coinbase\u2019s trajectory. Despite the significant surge, he expresses cautious optimism, pointing out that Coinbase\u2019s stock was a mere $45 just months ago.<\/p>\n

However, despite the fluctuations in Coinbase\u2019s stock, Deaton maintains confidence in its investment potential. He emphasizes the COIN\u2019s previous low value and expresses a continued belief in its attractiveness, asserting it\u2019s a worthwhile buy below $150.<\/p>\n

\n

\u201cHard to imagine Coinbase stock (COIN) was $45 months ago. I still believe it\u2019s a buy below $150.\u201d<\/p>\n<\/blockquote>\n

Meanwhile, Deaton\u2019s comments reflect the nuanced nature of the cryptocurrency market, where legal challenges for one platform can result in windfalls for another. As Coinbase navigates its legal battle<\/a> with the U.S. Securities and Exchange Commission (SEC), the endorsement from industry figures like Deaton adds an intriguing layer to the ongoing narrative of Coinbase\u2019s resilience and potential for growth.<\/p>\n

Also Read: Elon Musk Takes A Dig At Instagram & Business Insider On X<\/a><\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor and crypto journalist at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"Crypto\"\"Crypto\"<\/div>\n
ChatGPT Predicts 5 Cryptocurrencies to Buy in December 2023 <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"BTC\"BTC<\/div>\n
SEC in Talks with BlackRock and Grayscale on Spot BTC ETF Listings <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"BONE\"BONE<\/div>\n
BONE on Binance DeFi Sparks Imminent Listing Buzz. <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In a surprising turn of events, Coinbase, the renowned cryptocurrency exchange, has witnessed an impressive surge, reaching a new high in nearly 18 months. Meanwhile, this surge follows legal troubles for rival Binance, which recently pleaded guilty to money laundering and sanctions violations in the U.S. In the midst of these developments, XRP Lawyer John […]<\/p>\n","protected":false},"author":2,"featured_media":177117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-202088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=202088"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202088\/revisions"}],"predecessor-version":[{"id":202090,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202088\/revisions\/202090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177117"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=202088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=202088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=202088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}