2021 has been a rollercoaster year for the crypto industry, with Bitcoin (BTC) scaling up to an all-time high of $65,000 earlier this year in April, only to dip down to the sub $30,000 zone just months later. However, a moment that is widely considered by many to be a tipping point for the industry — at least in terms of mainstream legitimization — was when Coinbase (COIN) made its debut on Nasdaq via a direct listing.
Leading up to April 14, the day of the aforementioned listing, COIN’s reference price was set at $250. However, it is worth recalling that at the time, the digital asset market was at its absolute apex, as a result of which the COIN price rose sharply just minutes after its launch climbing as high as $430. That said, the asset’s price has since continued to dip steadily, currently trading at a 90-day loss of approximately 40% at a price point of around $242.
Why is COIN on the decline?
Are traditional investors still a bit wary of crypto?
Crypto firms going public, a trend for the future?
The list is already growing, fast
Continue Reading on Coin Telegraph
