New Coinbase Listing… Buy Now?
There’s actually a pattern when each coin is listed. Will it hold true for the Cardano (ADA) listing?
We’ve all heard of the crazy price fluctuations with special crypto coins. We could go to sleep having a coin worth $0.10 only to wake up to a spiked $0.279 coin? Truly a dream…
So, I’ve been curious to find what contributes to those “moon” moments that spikes an alt-coin by 279%.
One of those moments brought me to: a new Coinbase listing.
So why is there so much hype around Coinbase listings? And what data is out there to help finish out the trade as a new coin is listed?
For reference in this article, I’ve been patiently awaiting the upcoming listing for Cardano (ADA). Rumors are flying that Q3 or Q4 of 2020 will be the mark. Well, it’s Q4 2020 and I’m patiently awaiting an ADA listing…
This article can help you look for the signs of a future listing and when to buy your coins.
What does a Coinbase listing mean?
Coinbase is an exchange where coins are able to be bought and sold. Much like the New York Stock Exchange (NYSE) where USD is traded for stocks, USD can be traded on Coinbase for crypto coins.
As alt-coins are being developed, they begin their trading on smaller exchanges. At this point, the technology is usually young, has smaller adoption, and is actively being developed. There’s more risk.
Investors think: will this coin be everything the world has been waiting for?
Smaller Exchanges vs. Coinbase
The smaller exchanges offer less users, less liquidity, and often have greater risks associated. Therefore the coin is only accessible to those hardcore-early investors who are hungry to own some early phase alt-coins.
When a Coinbase listing occurs, the coin is now accessible to all Coinbase users — currently that 35 million users across 100 countries.
The price is driven by the fresh news of a coin listing. The hype of a Coinbase listing spikes the price and potentially gives the early-coin adopters an appetizing opportunity to take profit.
How does Coinbase announce a listing?
Twitter — they post a “15-minute warning” Tweet followed by the “Coin is Live” Tweet once the coin is active. See a sample below for the recent UMA listing:
When Coinbase could list a coin?
Truth be told: no one knows exactly.
Most of it is rumors.
But once there are hints leading you to a specific time window, there are signs to help understand when exactly to expect the spike.
First, follow the information from the coin’s development team.
For example: the Cardano team and CEO Charles Hoskinson has hinted at a Coinbase listing in 2020 Q3 or Q4. It’s just a matter of time. When can we expect the Cardano (ADA) tweet from Coinbase?
Second, what does the history show us? When have other coins been listed?
Below, I sorted when some of the most popular and recent coins have been listed.
To summarize the data,
- THURSDAY’S ARE HOT. 66% of the most recently listed coins were listed on a Thursday. Highlighted in green.
- POST-LUNCH POSTING. Highlighted in orange, new coin listings frequently come out 12:40 pm to 2 pm.
What does this mean?
You can overlay this research with your latest coin.
As we are in 2020 Q4, the Cardano Coinbase Listing can happen any moment. Yet, it helps me relax knowing:
1. the research is done, coins bought,
2. notifications are turned on for Coinbase’s Twitter feed
Hopefully I can expect some good news an upcoming Thursday afternoon.
