Amongst three cryptocurrencies alongside Zcash that are expected to be integrated into Coinbase, the world’s fourth-largest fiat-to-crypto exchange behind Bitfinex, Bithumb, and Upbit.
$0.36 to 0.24. While Coinbase listing provides a confirmation that a token is not considered a security under existing regulations, in terms of short-term price trend, it seems to have a negative effect after the fact.
“Since November 2, the day BAT was officially integrated into Coinbase Pro and Coinbase.com, XLM, the native cryptocurrency of the Stellar blockchain network, has increased from $0.22 to $0.28, by more than 27 percent.”
The Coinbase listing interest announcement in May, and investors likely see a drop in value to come next in the weeks to come, especially if Coinbase pursues its plans to list the three assets.
The analyst said, adding, “there is no volume or price action to support a bottom being established on BTC. It could be the bottom, it could be over, but to declare it with certainty is foolish.”
$3 billion to $4.4 billion from late October, but the volume of other major cryptocurrencies remain relatively low. In general, on a monthly basis, the daily trading volume of the crypto market is up around 30 percent, from $10 billion to $13 billion.
