Coinbase’s Bio Protocol Addition May Influence Price Movements Amid Listing Roadmap Updates
Main Idea
Coinbase's addition of Bio Protocol (BIO) and Euler (EUL) to its listing roadmap caused immediate price surges, while Bithumb's listing of Chainbase (C) also led to significant market reactions.
Key Points
1. Coinbase announced the addition of Bio Protocol (BIO) and Euler (EUL) to its listing roadmap, resulting in BIO rising nearly 19% and EUL spiking 22% before stabilizing.
2. BIO surged from $0.0612 to $0.0733 (18.99% gain), while EUL initially spiked from $13.51 to $16.50 (22.22% increase) before retracing to $13.52.
3. Coinbase's roadmap updates historically influence altcoin prices, as seen with ResearchCoin (RSC), which surged 82% after its inclusion.
4. Bithumb's listing of Chainbase (C) triggered a 26.03% price increase from $0.365 to $0.465, later settling at $0.404 (11.3% gain).
5. Exchange listings often drive price volatility due to increased investor interest and speculative trading, with initial spikes followed by stabilization or retracement.
Description
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