Ripple update: The coinbase reality
BCH was in my opinion the last coin added on coinbase that will see significant gains as it did. That’s because it was not announced months in advance and unexpected by most. The addition of ETC however may not see anywhere near those gains. They’ve notified the public months in advance so i think the pump has already begun. I truly believe that most people who have coinbase are now also on binance and other platforms where they can buy altcoins. My point is, with the market being this down already, with no new volume coming in, the addition of xrp on coinbase will not have that big of a BANG at this particular time. It may provide more liquidy for the long run, but thats about it. When BCH experienced that big surge, crypto interest was at its highest. At this time, the addition of a new coin on coinbase ALONE will not attract new investors and institutional investors already know how to get their hands on altcoins without relying on coinbase. So unlike so many people being mad at coinbase for not adding xrp, i on the other hand am glad because the timing isnt right. I can see a scenario in which we get added on coinbase and the price doesn’t move as expected and 1) everybody starts to complain 2) more FUDs come in 3) people start dumping xrp. So the timing needs the be right. As ive stated, the surge of any coin’s addition on coinbase will be driven by an equal surge of new “regular” investors. There’s however currently very little interest from new “regular” investors. Remember, institutional investors do not need coinbase at the moment, only newbees do.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: kryptoroi
Score: 8
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