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Coinbase Jumped 418% in 2023 and Could Have a Huge 2024

Coinbase's comeback from a terrible 2022 has been a sight to see.

By Travis Hoium – Dec 31, 2023 at 11:15AM EST

2023 ended up being a banner year for Coinbase (COIN +6.23%) as the stock rose more than 400% in value. Some of the gains were driven by a bounce off extremely low valuations, but a lot of it was driven by a recovery in the crypto market.

In this video, Travis Hoium covers the stock's performance and why there's more ahead for Coinbase in 2024.

*Stock prices used were end-of-day prices of Dec. 28, 2023. The video was published on Dec. 31, 2023.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$195.90
(+6.23%)+$11.49
Bitcoin Stock Quote
Bitcoin
CRYPTO: BTC
$74,464.00
(+0.62%)+$460.69
Ethereum Stock Quote
Ethereum
CRYPTO: ETH
$2,333.19
(+0.30%)+$6.86
Solana Stock Quote
Solana
CRYPTO: SOL
$85.00
(+1.96%)+$1.64

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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