分析師的樂觀和基本協議：Coinbase投資者如何玩漫長的遊戲

儘管有短期關注，但分析師仍然對Coinbase的未來保持樂觀，並受到基本協議和潛在ETF批准的推動力。

Analyst optimism surrounding Coinbase (COIN), fueled by the potential of the Base protocol and anticipation of altcoin ETFs, is creating buzz among investors. But is the hype justified?

在基本協議的潛力和Altcoin ETF的潛力的推動下，分析師對Coinbase（Coin）的樂觀情緒正在引起投資者之間的嗡嗡聲。但是炒作是合理的嗎？

Coinbase's Long-Term Vision: A Mainstream Finance Onramp

Coinbase的長期願景：主流金融機構

For Coinbase investors, the core thesis hinges on crypto becoming a mainstream financial force, with Coinbase leading the charge. Recent discussions at the Goldman Sachs Communacopia + Technology Conference highlighted this vision. While the potential launch of a Base native token remains a key short-term catalyst, the bigger picture involves Coinbase's expansion into new products and ecosystem integrations.

對於Coinbase投資者而言，核心論文取決於加密貨幣成為主流的金融力量，而Coinbase領導了這一指控。高盛山脈 +技術會議的最新討論強調了這一願景。儘管基本原始令牌的潛在推出仍然是主要的短期催化劑，但更大的局面涉及Coinbase擴展到新產品和生態系統整合。

The expanding partnership with JPMorgan, offering direct bank-to-wallet connections for Chase customers and reward points integration, is a significant step. This not only strengthens Coinbase's position with institutions but also unlocks potential user growth and revenue streams across retail and institutional segments.

與摩根大通（JPMorgan）的不斷擴展的合作夥伴關係，為追逐客戶提供直接的銀行對貨物連接和獎勵積分集成，這是重要的一步。這不僅加強了Coinbase在機構中的立場，而且還可以釋放零售和機構領域的潛在用戶增長和收入來源。

The Trading Volume Conundrum

交易量難題

Despite the optimism, declining spot trading volume remains a concern. Investors should be mindful of how this could impact near-term revenue and earnings. Simply Wall St Community members estimate Coinbase's fair value to range from $137.60 to $510, demonstrating the impact of trading volume trends and growth prospects on investor sentiment. Engaging with diverse opinions can help inform your next move.

儘管有樂觀的態度，但現貨交易量的下降仍然是一個令人擔憂的問題。投資者應該注意這可能如何影響近期收入和收入。 Simply Wall ST社區成員估計，Coinbase的公允價值從137.60美元到510美元不等，這表明了交易量趨勢和增長前景對投資者情緒的影響。發表不同的意見可以幫助您告知您的下一步行動。

Altcoin ETFs: A Potential Game Changer

Altcoin ETF：潛在的遊戲規則

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on altcoin ETFs, including Canary HBAR and Grayscale Polkadot (DOT), setting a new deadline for November 8. However, analysts like those at Bloomberg maintain a high likelihood (90%) of ETF approval in the near term. The delay is believed to be related to the SEC's efforts to finalize generic listing rules for new crypto ETFs, ensuring regulatory alignment as crypto products gain broader adoption.

美國證券交易委員會（SEC）延遲了對替代ETF的決定，包括金絲雀HBAR和灰刻級Polkadot（DOT），為11月8日設定了新的截止日期。但是，像彭博社這樣的分析師在近任期內維持了ETF批准的高可能性（90％）。據信，延遲與SEC為最終確定新加密ETF的通用清單規則的努力有關，以確保隨著加密產品獲得更廣泛的採用而確保監管一致性。

DOT and HBAR are supported by regulated futures markets, increasing their chances of approval, similar to Bitcoin and Ethereum. Crypto analysts are even forecasting over 100% upside if ETFs are approved.

DOT和HBAR得到了受監管的期貨市場的支持，增加了他們的認可機會，類似於比特幣和以太坊。如果ETF獲得批准，則加密分析師甚至預測超過100％上漲空間。

Base Protocol: A Foundation for Optimism

基礎協議：樂觀基礎

The Base protocol, Coinbase's Ethereum Layer 2 solution, is a key component of the long-term bullish narrative. By providing a scalable and cost-effective platform for decentralized applications (dApps), Base aims to attract more users and developers to the Coinbase ecosystem. A native token launch would likely amplify this effect.

基本協議Coinbase的以太坊2層解決方案是長期看漲敘事的關鍵組成部分。通過為分散應用程序（DAPP）提供可擴展且具有成本效益的平台，旨在吸引更多用戶和開發人員進入Coinbase生態系統。本地令牌發布可能會擴大這種效果。

Final Thoughts: Keep Calm and Crypto On

最終想法：保持冷靜和加密

The world of crypto is never dull, is it? While regulatory delays and trading volume fluctuations might cause a few jitters, the underlying optimism surrounding Coinbase, fueled by Base protocol and potential ETF approvals, suggests a bright future. So, buckle up, do your research, and remember: in the wild west of crypto, a little patience (and a good sense of humor) goes a long way.

加密世界永遠不會沉悶，是嗎？儘管監管延誤和交易量的波動可能會引起一些不安，但在基本協議和潛在的ETF批准的推動下，圍繞Coinbase的基本樂觀情緒表明了光明的未來。因此，搭扣，進行研究，並記住：在加密貨幣的野外，有點耐心（和一種幽默感）有很長的路要走。