TipRanks
2022-12-09 02:07:49

Coinbase Stock (NASDAQ:COIN): Cathie Wood’s Catching the Falling Knife. Should You?

Coinbase (NASDAQ:COIN) can't seem to catch a break. Undoubtedly, shares of the popular crypto exchange platform have felt shockwaves from FTX's collapse. Adding more salt to the wounds, Apple (NASDAQ:AAPL) recently blocked the latest release of Coinbase's wallet due to a violation of policies. Things seem to be going from bad to worse for Coinbase. With innovative and unprofitable growth stocks, once again, amplifying volatility faced by the Nasdaq 100 (NDX), bottom-fishers may be wondering if it's too soon to dip a line in the waters. Despite the massive negative momentum, famed innovation investor Cathie Wood is not afraid to brave the dip.

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