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| DPRating 
| #RATING
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| RATING Price: | $0.000162 | | Volume: | $15.3 K | | All Time High: | $0.00218 | | Market Cap: | $422.7 K |
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| Circulating Supply: | 2,605,809,246 |
| Exchanges: | 1+
| | Total Supply: | 2,605,809,246 |
| Markets: | 2+
| | Max Supply: | 10,000,000,000 |
| Pairs: | 5
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The price of #RATING today is $0.000162 USD.
The lowest RATING price for this period was $0, the highest was $0.000162, and the exact current price of one RATING crypto coin is $0.00016222.
The all-time high RATING coin price was $0.00218.
Use our custom price calculator to see the hypothetical price of RATING with market cap of ETH or other crypto coins. |
The code for DPRating crypto currency is #RATING.
DPRating is 4.5 years old. |
The current market capitalization for DPRating is $422,719.
DPRating is ranking downwards to #1429 out of all coins, by market cap (and other factors). |
The trading volume is modest today for #RATING.
Today's 24-hour trading volume across all exchanges for DPRating is $15,263. |
| The circulating supply of RATING is 2,605,809,246 coins, which is 26% of the maximum coin supply. |
 | Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Fi...
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock's all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes 'Coinbase will need to make substantial reductions in its cost base.'Goldman Downgrades Coinbase, COIN Shares Down 83% From Price High
Coinbase shares have suffered during the bear market as many crypto company stocks have lost considerable value during the last few months. When Coinbase first went public on April 14, 2021, the company's shares were listed on Nasdaq via a direct listing under the ticker COIN. At the time, the Coinbase initial public offering (IPO) reference price was set at $250, and investors saw the crypto exchange's listing as a 'watershed' moment.
Following the stock coming out of the gate 14 months ago, amid that timeframe COIN tapped an ATH at $342.98 per share on November 12, 2021. Two days prior, bitcoin (BTC) reached its lifetime price high at $69K per unit. While BTC lost 70% over the next eight months, COIN has lost 83.68% since that time. On Monday, in a report published by Bloomberg, Goldman Sachs' analysts weighed in on Coinbase shares and downgraded the stock to a sell rating.
In a note to investors, the investment bank's lead research analyst for payments and digital assets sectors, William Nanc...
|  | Fitch Downgraded El Salvador's Rating Citing Bitcoin Adoption Risk...
Fitch cited policy unpredictability stemming out of the increased concentration of power in the presidency, weakening institutions, and the legalization and adoption of Bitcoin as the reason for lowering the rank.
Reasons Behind The Move
As per the official post, 'heightened' financing risks arising from growing dependency on short-term debt reflects Fitch's move of downgrading El Salvador.
It also pointed out the limited scope of the country's domestic market financing as well as uncertain access to additional multilateral funding and external market financing considering high borrowing costs. Increased concerns with respect to debt sustainability due to the expected increase in GDP next year after modest improvement in 2021 is yet another factor.
It stated,
'In Fitch's view, weakening of institutions and concentration of power in the presidency has increased policy unpredictability, and the adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing for 2022-2023.'
Fitch stated that El Salvador continues to face growing risks caused by high and increasing financing needs in 2022-2023. It further estimated that the Central American country's total financing needs would total to a whopping $4.85 billion in 2022, meaning a 16% increase in GDP.
Another 18% rise in GDP to $5.4 billion is also expected. In terms of financing options in the local market, the rating firm noted that the domestic private pension funds a...
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