由於加密貨幣市場波動，Coinbase 面臨價格暴跌；分析師強調隱藏的潛力

儘管加密貨幣分析師 Will Clemente 表示投資者可能會錯過潛在的買入機會，但 Coinbase (COIN) 的股價在過去五天內暴跌 16%。 Clemente 認為，傳統投資者仍然僅將 Coinbase 視為交易所，而忽視了其向「加密超級應用程式」的轉變，其以太坊第 2 層網路 Base 具有巨大的收入潛力。截至本文撰寫時，COIN 交易價格為 218.08 美元，過去五天下跌約 16%。

Coinbase Faces Market Volatility Amid Broader Crypto Turmoil, Analyst Highlights Untapped Potential

Coinbase 在更廣泛的加密貨幣動盪中面臨市場波動，分析師強調尚未開發的潛力

Amidst the recent fluctuations in the crypto and stock markets, Coinbase (COIN) shares have experienced a significant decline, plunging 16% over the past five trading days. However, one prominent analyst, Will Clemente, believes that investors may be overlooking the company's untapped potential.

在近期加密貨幣和股票市場的波動中，Coinbase（COIN）股價大幅下跌，過去五個交易日暴跌 16%。然而，一位著名分析師威爾·克萊門特認為，投資人可能忽略了該公司尚未開發的潛力。

In a recent episode of the Unchained Crypto podcast, Clemente drew parallels between Coinbase and Tesla's position in the public markets approximately five years ago. He suggested that traditional investors tend to perceive Coinbase primarily as an exchange, despite the company's active business restructuring over the past year.

在 Unchained Crypto 播客的最近一集中，克萊門特將 Coinbase 和特斯拉大約五年前在公開市場上的地位進行了比較。他表示，儘管 Coinbase 在過去一年中積極進行業務重組，但傳統投資者傾向於將 Coinbase 主要視為交易所。

"Over the course of the bear market, they've made several strategic adjustments to transform themselves into what I term a 'crypto super app,'" Clemente remarked.

克萊門特表示：“在熊市過程中，他們做出了幾次戰略調整，將自己轉變為我所說的‘加密超級應用程式’。”

He specifically highlighted the progress of Coinbase's Ethereum layer-2 network, Base, which has accumulated a total value locked (TVL) of $5.35 billion and processes over 30.81 transactions per second.

他特別強調了 Coinbase 的以太坊第 2 層網路 Base 的進展，該網路已累積鎖定總價值 (TVL) 53.5 億美元，每秒處理超過 30.81 筆交易。

"Base has produced $30 million in top-line revenue for Coinbase in the past 30 days solely through sequencer fees, which equates to an annualized revenue of $360 million," Clemente explained. He emphasized that traditional investors may be underestimating the significance of this on-chain activity.

Clemente 解釋道：“過去 30 天內，僅通過排序器費用，Base 就為 Coinbase 帶來了 3000 萬美元的收入，相當於年收入 3.6 億美元。”他強調，傳統投資者可能低估了這項鏈上活動的重要性。

"The market is unaware of Base and its potential. Consequently, they are not fully comprehending the potential revenue streams Coinbase could realize from the growing activity on the network and the sequencer fees associated with it," Clemente added.

「市場不了解 Base 及其潛力。因此，他們沒有完全理解 Coinbase 可以從網路上不斷增長的活動以及與之相關的排序器費用中實現的潛在收入流，」克萊門特補充道。

As of the time of writing, COIN is trading at $218.08, marking a decline of approximately 16% over the past five days. Over the same period, the S&P 500 has retreated by 3.12%, while Bitcoin (BTC) has depreciated by around 4.67%.

截至本文撰寫時，COIN 的交易價格為 218.08 美元，過去五天下跌約 16%。同期，標準普爾 500 指數下跌 3.12%，而比特幣 (BTC) 貶值約 4.67%。

Meanwhile, expectations of further market declines persist due to escalating geopolitical tensions in the Middle East following reports of explosions at Isfahan airport in central Iran.

同時，由於伊朗中部伊斯法罕機場爆炸的報道，中東地緣政治緊張局勢不斷升級，市場進一步下跌的預期依然存在。

Amidst the prevailing market volatility, Cathie Wood's ARK Invest remains actively selling COIN shares. On April 15, ARK reportedly sold 3,689 COIN shares valued at roughly $824,000. This action follows ARK's previous divestment of a substantial number of Coinbase shares in March, when the stock was experiencing a notable year-to-date increase of approximately 54%.

在當前市場波動的情況下，Cathie Wood 的 ARK Invest 仍然積極出售 COIN 股票。據報道，4 月 15 日，ARK 出售了 3,689 股 COIN 股票，價值約 824,000 美元。此前，ARK 在 3 月撤資了大量 Coinbase 股票，當時該股今年迄今已大幅上漲約 54%。