Analysts noted a surge in cryptocurrency enthusiasm following President Donald Trump's re-election, likely benefiting Coinbase Global (COIN). Oppenheimer analysts set a price target of $358 for the crypto exchange, surpassing the Wall Street average of $273. The positive sentiment is attributed to Republicans securing the majority in Congress. Despite regulatory challenges under President Biden and Gary Gensler, Coinbase is seen as leading the industry's revival. The company's stock has risen by 80% this year, aligning with the post-election bitcoin surge. With expectations of continued interest rate cuts by the Federal Reserve, crypto investments are predicted to grow. Oppenheimer believes that past industry setbacks were mainly due to misunderstandings and rapid rate hikes by the Fed, rather than inherent flaws in cryptocurrencies. Read more AI-generated news on: https://app.chaingpt.org/news