May. 13 at 3:03 PM
🚀
$COIN is mooning after landing a spot in the S&P 500 — up 16.8% to
$242! Coinbase is replacing
$DFS (getting scooped up by Capital One), making it the first pure crypto firm to join the index. Let that sink in. TradFi just gave crypto its biggest stamp of approval yet.
🔥 This move follows Coinbase’s
$2.9B acquisition of Deribit and comes as
$BTC hovers above
$100K. With passive funds now forced to load up on
$COIN, the rocket fuel just ignited.
💼 Coinbase’s recent earnings showed
$65.6M net income on
$2.03B revenue. Not bad for a space once dubbed “too volatile to survive.” Now with a
$61.6B market cap,
$COIN is nearly touching its 52-week high of
$348.75.
📈 Year-to-date still red, but the long-term chart tells a different story: 3-year gain of 256% and counting.
👀 Analyst price target avg:
$255.78 — high end?
$400. With fresh flows from SPX trackers and crypto mainstreaming by the day,
$COIN is no longer just a trade. It’s a movement.
