Coinbase (NASDAQ: COIN) is considered the easiest "on-ramp" into the world of cryptocurrencies - as much as America Online (AOL) was to the internet back in the 1990s.
It's one of the most downloaded apps on the Apple App Store, with over 1.5 million downloads since its 2014 debut. Every month, an estimated 8.8 million people are actively trading on the platform and giving themselves a shot at crypto profits.
But there's another way to potentially make money off of Coinbase - buying its stock directly.
On its first day of trading on the NASDAQ in April 2021, COIN closed at $328.28. As of this week, it's trading for around $191.
That's a 42% dip from its stock market debut.
But with 73 million folks using this platform worldwide, Coinbase isn't going anywhere anytime soon.
And no one ever got rich by buying high and selling low...
Which begs the question - is COIN a "buy" right now?
The newest to the Alternative Wealth Daily advisory board, Danny Brody, sat down with long-time board member Dave Zeiler to share his thoughts about the company and its stock.
Here's what he had to say...
Any investor serious about crypto needs to have the two "foundational" coins, Ethereum and Bitcoin, in their portfolio.
But there's a lot more to the crypto market than the popular tokens.
There are a bunch of tiny coins - microcurrencies, if you will - that sell for pennies on the dollar compared to the cost of a single Bitcoin. Yet they are quickly racking up some of the biggest gains we've ever seen anywhere - easily beating the stock market and gold market.
I'm talking potential returns of 75 to one, 211 to one... even 5,567 to one. This new class of game-changing cryptos is set to skyrocket, and we have all the details on them here...