How do Coinbase listings affect the cryptocurrency market?
Inquiring minds want to know: how do Coinbase listings truly influence the volatile world of cryptocurrency? Do they provide a seal of approval that draws in retail investors, propelling prices to new heights? Or are they merely a reflection of market sentiment, with the listing itself having little to no direct impact? The question begs to be answered: does the mere addition of a coin or token to Coinbase's platform significantly alter the trajectory of that asset's performance in the broader crypto market? We delve into this question with the aim of uncovering the true impact of Coinbase listings on the cryptocurrency market.