Ethereum is nearing record highs, and Coinbase, as one of the largest players in the crypto market, is expected to gain significantly. Experts highlight several key factors driving the growth of both Ethereum and Coinbase.
Who Will Lead During Rising ETH Prices
Bernstein analysts point out that Coinbase is set to benefit the most from rising ETH prices. Since early June, Ethereum's value has surged by about 80%, driven by new stablecoins and active use of the Ethereum ecosystem.
Base as a Key Tool for Coinbase
The Layer 2 network Base processes over 9 million transactions daily, generating around $75 million in annual revenue for Coinbase. This platform significantly strengthens Coinbase's ties with the growing Ethereum ecosystem.
Future of Coinbase and Ethereum in the Market
With about $590 million worth of ETH, Coinbase directly benefits from the rising cryptocurrency prices. Analysts predict that if the bullish trend continues, Coinbase will emerge as a significant player in this process.
The growth of Ethereum opens new opportunities for Coinbase. Given current achievements and strategies, Coinbase may become one of the biggest winners in the crypto market if interest in Ethereum continues to rise.
