“Coinbase rival Binance coin and Dogecoin are surging ahead of pivotal IPO… Here’s why”
April 16, 2021
“Crypto prices were surging on Wednesday as investors watched for the U.S. hotly anticipated debut of Coinbase Global COIN, 3.10% later in the session. Popular crypto asset, dogecoin, which was engineered as a joke back in 2013, was was up more than 127%, outpacing the world’s No. 1 crypto bitcoin, which was up 14% on the day, touching a record near $65,000.
Crypto broker Coinbase will begin trading on the Nasdaq Wednesday under the symbol “COIN” as a direct listing, and it’s seen as a watershed moment in digital assets, which were started back in 2009 with the inception of bitcoin. Coinbase was given a reference price of $250 a share late on Tuesday evening, which values it at over $60 billion and some investors are anticipating that its value could exceed $100 billion on the top end of bullish estimates…”