|Bid||228.40 x 1300|
|Ask||229.00 x 2900|
|Day's range||226.53 - 232.69|
|52-week range||208.00 - 429.54|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||13 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||388.27|
Dogecoin (CRYPTO: DOGE) was in the doghouse Friday morning. As of 10:40 a.m. EDT, Elon Musk's favorite cryptocurrency had dropped by 6.2% from Thursday's value, and folks looking for a reason why might want to turn their attention to Fred Ehrsam. In an interview Wednesday on Bloomberg TV, Ehrsam, the co-founder of cryptocurrency trading platform Coinbase (NASDAQ: COIN), delivered this prediction: "90% of NFTs produced ... will have little to no value in three to five years."
Let's dive into why I filled some buy orders on Coinbase, NextEra Energy, and Starbucks on Monday. It's been a rough few weeks for the cryptocurrency market, and things have also been a little choppy for the leading trading platform of these high-tech digital currencies. Coinbase hit the market at a reference price of $250 two months ago.
Coinbase Global (NASDAQ: COIN), Skillz (NYSE: SKLZ), and Teladoc Health (NYSE: TDOC) are all still trading at least 40% below their previous highs. The leading cryptocurrency exchange traded as high as $429.54 the day it hit the market two months ago, and it's been largely downhill from there. Bitcoin (CRYPTO: BTC) was peaking in April, correcting sharply with negative news out of China and Elon Musk.