分析师的乐观和基本协议：Coinbase投资者如何玩漫长的游戏

尽管有短期关注，但分析师仍然对Coinbase的未来保持乐观，并受到基本协议和潜在ETF批准的推动力。

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?

在基本协议的潜力和Altcoin ETF的潜力的推动下，分析师对Coinbase（Coin）的乐观情绪正在引起投资者之间的嗡嗡声。但是炒作是合理的吗？

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

Coinbase的长期愿景：主流金融机构

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.

对于Coinbase投资者而言，核心论文取决于加密货币成为主流的金融力量，而Coinbase领导了这一指控。高盛山脉 +技术会议的最新讨论强调了这一愿景。尽管基本原始令牌的潜在推出仍然是主要的短期催化剂，但更大的局面涉及Coinbase扩展到新产品和生态系统整合。

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.

与摩根大通（JPMorgan）的不断扩展的合作伙伴关系，为追逐客户提供直接的银行对货物连接和奖励积分集成，这是重要的一步。这不仅加强了Coinbase在机构中的立场，而且还可以释放零售和机构领域的潜在用户增长和收入来源。

The Trading Volume Conundrum

交易量难题

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.

尽管有乐观的态度，但现货交易量的下降仍然是一个令人担忧的问题。投资者应该注意这可能如何影响近期收入和收入。 Simply Wall ST社区成员估计，Coinbase的公允价值从137.60美元到510美元不等，这表明了交易量趋势和增长前景对投资者情绪的影响。发表不同的意见可以帮助您告知您的下一步行动。

Altcoin ETFs: A Potential Game Changer

Altcoin ETF：潜在的游戏规则

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.

美国证券交易委员会（SEC）延迟了对替代ETF的决定，包括金丝雀HBAR和灰刻级Polkadot（DOT），为11月8日设定了新的截止日期。但是，像彭博社这样的分析师在近任期内维持了ETF批准的高可能性（90％）。据信，延迟与SEC为最终确定新加密ETF的通用清单规则的努力有关，以确保随着加密产品获得更广泛的采用而确保监管一致性。

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得到了受监管的期货市场的支持，增加了他们的认可机会，类似于比特币和以太坊。如果ETF获得批准，则加密分析师甚至预测超过100％上涨空间。

Base Protocol: A Foundation for Optimism

基础协议：乐观基础

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.

基本协议Coinbase的以太坊2层解决方案是长期看涨叙事的关键组成部分。通过为分散应用程序（DAPP）提供可扩展且具有成本效益的平台，旨在吸引更多用户和开发人员进入Coinbase生态系统。本地令牌发布可能会扩大这种效果。

Final Thoughts: Keep Calm and Crypto On

最终想法：保持冷静和加密

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.

加密世界永远不会沉闷，是吗？尽管监管延误和交易量的波动可能会引起一些不安，但在基本协议和潜在的ETF批准的推动下，围绕Coinbase的基本乐观情绪表明了光明的未来。因此，搭扣，进行研究，并记住：在加密货币的野外，有点耐心（和一种幽默感）有很长的路要走。