Buy the rumor, sell the news: Coinbase support and price action that followed

Cardano (ADA)

Basic Attention Token (BAT)

Stellar Lumens (XLM)

Zcash (ZEC)

0x (ZRX)

All the coins responded to Coinbase rumor, jumping more than 10% on the day in some whiplash trading week making those move very impressive. Coinbase still remains the most sort after exchange for developers looking to give their tokens exposure to the American market and the possibility of USD trading pair. On the backdrop of this, Coinbase also offer support to institutional traders and custodian support giving these tokens speculative fuel as traders write their own narrative and moon landing.

One picture becomes rather clear during these moments, exchange listing remains one of the biggest catalyst for tokens, given the reputation and services they offer such as fiat pairs it can be seen as rocket fuel for these projects and the investment needed to take these projects to the next level. There are four essential to any cryptocurrency project longterm viability

1. A strong community
2. Committed and competent developers
3. Investments: these can be in the form of exchange listing (Coinbase as we have seen)
4. Viable and workable product

Some of these projects are well on the way as they have aspect of all four and given the reputation and services Coinbase offer, it would be seen as rocket fuel by many speculators and we can see some moon landing in the coming weeks to months...