Weekly Recap | Coinbase +10.84%, SEC exemption fuels rally
Weekly Review·
- Coinbase accumulated a 10.84% increase this week to close at $ 194.25, significantly outperforming the S & P 500.
- The surge was primarily driven by the US SEC releasing a tokenization securities exemption framework and the company's product line expansion.
- Institutional consensus remains a buy with an average target price of $ 202.00345, while market views on long-term value diverge.