Fundamentally Strong As the crypto markets continue to tumble and rate hikes become inevitable due to inflation, $COIN.NE’s stock has been hit hard over the past year due to the sentiment. But that doesn't change the fact that $COIN.NE is a fundamentally strong company. Their diversification out of crypto to things such as virtual real estate and NFTs has made this into a more long-term play as companies still increase their interest in the space. A survey found that 61% of millennials were interested in attending an event in the metaverse as many companies continue to enter the space.
$COIN.NE has been a leader in the space and has created real-world value by leasing and staking their assets. For example, they leased storefronts to Skechers and Forever 21 and recently partnered with Emperia to create even more unique storefronts to enhance their value proposition to brands. Plus, they've started vertically integrating by offering an advisory/consulting service to those companies looking to enter the metaverse.
Overall, $COIN.NE may be struggling in the short term. However, they're focusing on the long run and aren't going anywhere anytime soon. Just looking at the current asset ratio of 17 shows that they're not running into debt issues, and they have enough cash to cover both long-term and current liabilities. Considering the growth and their ability to diversify $COIN.NE is definitely undervalued and oversold here with a valuation of just $37M.