Coinbase announced Yesterday July 13th that they are looking to add the following tokens to their site.

• Cardano (ADA)
• Basic Attention Token (BAT)
• Stellar Lumens (XLM)
• Zcash (ZEC)
• 0x (ZRX)

While they are not 100% certain that all of these tokens will be added, they will be looking into which ones could be implemented to their site in the near future, read the article below.

https://blog.coinbase.com/coinbase-is-exploring-cardano-basic-attention-token-stellar-zcash-and-0x-9e44f0eb823f

This is great news, I believe it will have the following effects.

• 1. All of these coins just from this announcements will have a short term price increase.
• 1. The coins that actually get listed will have further short term price increases.
• 1. Now for those of you who are long on Crypto, any of these coins that get listed on Coinbase will get a huge pump when Bitcoin rebounds, pushing it up way further than it ever was before! People who are new to Crypto and not computer savvy enough to transfer Bitcoin to other exchanges will buy any of these coins because they are way cheaper than anything else listed on Coinbase. Another thing to consider is that all of the experienced Crypto investors will know this fact and will invest in these tokens now before they get listed, yes some of them will take profits in the short term but others will hold.
• 1. Any coin listed will not just pump, but will be taken to a new level in price, in my opinion any of these coins that get listed will have 100s of percent increase when Bitcoin turns around, hundreds!

As for Bitcoin, as always long term it will continue to work its way up so if you are long do not worry. For those of you who are concerned with Bitcoins short term price action here is the deal. August 10-16th will determine the short term future, if the Bitcoin ETF is approved we will see a $10,000 plus Bitcoin in August, but if the ETF is not approved we may breach the $5,800 bottom and find a new bottom. My short term opinion is to watch the news and if the ETF is not approved, get out and look to get back in at the new bottom.

I am not a financial advisor and this is not financial advice, invest at your own risk.
Please comment below, I would love to hear what your thoughts on Bitcoins price in the near and distant future.