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Coinbase's Meme Coin Listings Strategy Post-Election Aims for $500 Stock
Dec 4, 2024, 02:40 PM
Coinbase Global Inc. has recently intensified its listing of meme coins, marking a significant shift in its strategy following the 2024 U.S. Presidential Election. The exchange has listed several meme coins, including some already available on Binance, its main competitor. This move has been described as an effective strategy to stagger listings over weeks, avoiding the dilution of attention that could occur with too many simultaneous listings. The listings have sparked discussions among investors and observers, with some suggesting that Coinbase's approach is putting pressure on other exchanges like Binance and Robinhood to follow suit. The strategy appears to be aimed at capturing market attention and potentially increasing Coinbase's revenue and earnings, with predictions that the company's stock could reach $500.
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