How to Invest in Web 3.0 and Make Money with Coinbase Stock in 2023

Coinbase, a Bitcoin (BTC) exchange, is experiencing a surge in its stock as the maximum gains for COIN in 2023 surpass 400%. This has sparked interest in how to invest in Web 3.0, make money from Web 3.0, and the top Web 3.0 tokens, stocks, and websites. Furthermore, some are wondering if Web 3.0 is already here and how to build a Web 3.0 website. Gavin Wood is a key figure in the Web 3.0 space.

COIN becomes top crypto pick for 2023

Data from Cointelegraph Markets Pro and TradingView reveals that the largest crypto trading platform in the United States has hit 20-month highs this week.

Coinbase and Bitcoin have both seen a rise in the year 2023, but as the year closes, Coinbase appears to be in a class of its own.

The company’s COIN stock has reached $162 on Dec. 19, surpassing the 4.

Now, traders are speculating that the potential approval of the first U.S. spot Bitcoin exchange-traded fund (ETF) could lead to even more upside continuation.

Compared to the largest altcoin, Ether (ETH), Coinbase has outperformed, with ETH/USD up around 85% since the start of the year.

Some — notably investment giant ARK Invest — have reduced exposure as COIN climbs. According to data from the official website of ARK CEO Cathie Wood, COIN holdings in the firm’s ARK Innovation (ARKK) ETF have dropped around 11% in December alone.

The holdings, while still ARKK’s largest component, remain significantly beneath its aggregate cost basis of just under $255.

As more people look to invest in Web 3.0, Coinbase remains the top pick for those looking to make money with Web 3.0 tokens. With the guidance of Gavin Wood, CEO of Web 3.0, investors are looking to create and build Web 3.0 websites to capitalize on this growing trend.

Armstrong: Anti-crypto is “bad politics”

Coinbase CEO Brian Armstrong is confident that the crypto industry will experience growth in 2024.

In line with this, the firm recently joined other U.S. crypto players in a fundraising move worth nearly $80 million to support “pro-crypto” U.S. election candidates.

“I think it’s time to make sure that people know being anti-crypto is just bad politics in D.C.,” he told CNBC in an interview on Dec. 19.

The U.S. Securities and Exchange Commission (SEC) recently rejected a rule-making collaboration from Coinbase, but Armstrong remains optimistic about the exchange’s appeal in a post-ETF environment.

“Coinbase has a role to play in all aspects of the value chain here, including how to invest in web 3.0, web 3.0 coinbase, make money with web 3.0, investing in web 3.0, top web 3.0 tokens, how to create a web 3.0 website, top web 3.0 stocks, is web 3.0 here, how to build a web 3.0 website, and Gavin Wood’s web 3.0,” he summarized.