// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Coinbase stock could sink all the way back to $60 – analyst says – CoinsMegaNews

Coinbase stock could sink all the way back to $60 – analyst says

2 years ago CryptoExpert
coinbase stock could sink to $60 analyst says

[ad_1]

coinbase stock could sink to $60 analyst says

Piper Sandler downgraded Coinbase Global Inc on Wednesday.
Analyst Patrick Moley cited regulatory uncertainty for dovish view.
Coinbase stock has gained close to 60% over the past thirty days.

Coinbase Global Inc has been an absolute delight for shareholders over the past thirty days but a sharp downturn is likely moving forward, as per a Piper Sandler analyst.

Avoid Coinbase stock due to regulatory uncertainty

On Wednesday, Patrick Moley downgraded the crypto exchange to “neutral” and lowered his price target as well to $60 that signals a 25% downside from here.

The analyst turned dovish primarily because the U.S. Securities and Exchange Commission sued the Nasdaq-listed firm last month for operating as an unregistered exchange (read more).

In a research note today, he attributed the recent surge in Coinbase stock to prominent asset managers filing for a Spot Bitcoin ETF and the consequent benefit to crypto prices but said:

Rising crypto prices have not translated to increased trading volumes for COIN in recent quarters and the timing of a Spot Bitcoin ETF approval is anyone’s guess.

Coinbase Global will report a weak second quarter

Moley expects the crypto company to report monthly transacting users and trading volumes at a two-year low in its second financial quarter.

The Piper Sandler analyst agreed that Coinbase Global will eventually emerge as a major player within the crypto space but said:

We’d like to see more progress on regulatory front and a convincing turnaround in underlying fundamentals of the business before becoming more positive on Coinbase stock.

Despite the regulatory crackdown, though, Coinbase increased its market share last month to a new high since January 2023, as per data from Kaiko – a digital assets data provider.

Share this articleCategoriesTags

[ad_2]

Source link

Tags:

More Stories

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

1 year ago CryptoExpert
Crypto funds register $126 million in outflows led by investor hesitancy

Crypto funds register $126 million in outflows led by investor hesitancy

1 year ago CryptoExpert
ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

1 year ago CryptoExpert
ZachXBT Unmasks Frauds on Ethereum Layer-2 Networks

Fraud Syndicate Targets Ethereum Layer 2: Base, Blast, Arbitrum

1 year ago CryptoExpert
Crypto crashes result in $783 million in long liquidations in the last 24 hours

Crypto crashes result in $783 million in long liquidations in the last 24 hours

1 year ago CryptoExpert
Polygon (MATIC) Investor Skepticism Grows Ahead of Price Correction – What’s Next?

Here’s Why Polygon (MATIC) Price Faces a 35% Correction

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Best Online Gambling Establishment: An Overview to Enjoying Secure and Fair Gaming

5 hours ago xtw18387208b

5 hours ago xtw18387208b

Finest Online Gambling Enterprises That Approve Bitcoin Deposits

15 hours ago xtw18387208b

15 hours ago xtw18387208b