coinbase as a new listing. Of course there is a lot of “fake news” to be found online. But I found this info about Lina on CoinMarketCap, which of course is a respectable website.
Curious on the question on what source they based the info that Lina is considered to be listed….. Anyone got an idea on that?
And yes, I know this very well could be fake info also….
It won't change much to be listed on coinbase. Binance is the biggest exchange in the world.. so it doesn't matter if you are listed there or not
Of course it matters: Total trading volume would increase as well as general exposure of Lina.
It won't change anything. I've seen this in other projects.. when listed on coinbase the price dropped
The famous “coinbase-effect” is not as big as it was a couple of years ago. That is true. And you are right. Listing on coinbase didn’t have any effect on price of some coins. And some even dropped, yes. But numerous newly listed coins gained and some even did multiple x the first days after the listing news came out. But all that aside, listing of coinbase is, as I said, always a good thing because of exposure and because of growth of trading volume.
Bro needs to understand that not all volume is positive. I could spend all day buying and selling at the same point... just to increase the volume. Market Makers do this all day.So this "volume" has no effect.
True. Trading volume doesn’t directly affect price. But a rising trading volume indicates that interest in the project grows. Projects with (too) low trading volume are in bigger danger to end up as dead projects. And yes, Binance issue biggest exchange. But coinbase represents a big us-market. This of course could benefit Lina.
But why do they have little volume? Precisely because it does not present something useful to the market. The team for those projects disappeared. The community is dead and around. That's why they have little volume
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