Did the Coinbase effect lift Ankr, Curv and Storj? Let's take a look

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It's been a few weeks since coinbase added Ankr, CurvDao and Storj to their portfolio of tokens on sale which was a unique listing as the week prior Cardano was also listed.

Coinbase doesn't traditionally list multiple tokens at once but I'd anticipate that they're starting to feel the pinch of Decentralised exchanges and other exchanges which have lower fees and access to larger pools as well as better features.

Coinbase focused most it's time and effort on becoming a publicly listed exchange, which will have great outcomes for it in the future but also set it back amongst the competition so it needed to quickly jump a head in the game. Which I believe has caused a multiple listing and I believe it won't be the last as there will be many more coming.

But let's take a look at how the new listings have been Impacted.

Ankr

Screenshot_20210403-171422_Coinbase.jpg

Now don't fully quote me here and citations need to he sourced but I believe it was the 24 March that all these coins were listed and Ankr was trading at $AUD0.1c. This one has been my focus because like @leofinance it has a BSC and Ethereum option so I wanted to know how the market would react.

The market reacted quite well with a boost to $AUD0.23c that's a massive price jump on any record. So this indicates once Leo gets more listinfs as well as CUB we'll be in for a bullish market ka-ching

Curv Dao

Screenshot_20210403-171509_Coinbase.jpg

I'm not too sure what it opened at but I think that's around the $AUD2.50 with a climb to $AUD4.36 almost a doubling of the token value which is great news for investors and shows many people are rushing to early adoption of newly listed coins. This tokens price increase is relevant as it kind of reminds me of CUB and I wanted to know how a token like this, valued a little higher would be accepted. Again, with open arms and a flurry of cash injection.

Cub holders will be welcomed in future markets which I believe would be bullish. Ka-ching

Storj

Screenshot_20210403-171526_Coinbase.jpg

Truth be told I have no clue about this coin and it wasn't one I was too interested in but alas it was one of the 3 listed at the same time so worth watching to see how the market reacted against new tokens.

Again opening at a low $AUD1.20 and now trading at almost $AUD4 it has seen a significant price rally and market cap growth.

Coinbase's public listing has driven many around the world to its platform, only the other day someone was asking.me.where I purchase crypto from and they brought up coinbase. But again coinbase fees come up and yes, they can be quite pricey especially if you want to day trade, not a good option but it is OK for a quick and easy market entry point.

What often happens is people first become aware of the market and head to easy access points and as they learn and grow branch off to other exchanges. I'd anticipate that decentralised exchanges is where seasoned investors end up. If you're new decentralised exchanges can be quite overwhelming.

But as first thought centralised exchanges still ay a pivotal role in market access and ease of use. Where I don't tell people where to invest I do often mention CUB and let them know it's worth checking out. I had a friend dump some cash into CUB and he was happy about what the project was. He hasn't told me how much but like wise I will not tell anyone how much I have on the platform either. It's not much and really not worth the hassle but it is a long term HODL that keeps me building it.

Perhaps I can look back on this moment in 10 years time and remember where I made my first million. Or where I lost it all. Crypto is a gamble and a risk, remember to only invest what you're willing to lose.

What are your thoughts, does Coinbase still play a vital role in inflating a tokens value?

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