How much did the price of Bitcoin Cash increase after it was added to Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  The price of Bitcoin Cash experienced a significant increase after it was added to Coinbase. This can be attributed to the increased accessibility and exposure that Coinbase provides. As one of the largest and most popular cryptocurrency exchanges, Coinbase attracts a large number of traders and investors. The addition of Bitcoin Cash to Coinbase allowed more people to easily buy and sell the cryptocurrency, leading to increased demand and subsequently driving up the price. Additionally, the announcement of Coinbase adding Bitcoin Cash created a sense of legitimacy and credibility for the cryptocurrency, which further fueled the price increase.
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• Dec 17, 2021 · 3 years ago
  Bitcoin Cash saw a substantial price surge following its listing on Coinbase. This can be attributed to the 'Coinbase effect,' a phenomenon where the addition of a cryptocurrency to Coinbase leads to increased trading volume and price appreciation. The increased liquidity and exposure provided by Coinbase attract new investors and traders, resulting in higher demand and a subsequent price increase. Furthermore, the integration of Bitcoin Cash on Coinbase allowed for easier access and trading, which contributed to the price surge.
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• Dec 17, 2021 · 3 years ago
  After being added to Coinbase, the price of Bitcoin Cash experienced a significant increase. This can be attributed to the increased visibility and credibility that Coinbase brings to cryptocurrencies. Coinbase is known for its user-friendly interface and trusted reputation, which attracts a large number of retail investors. The addition of Bitcoin Cash to Coinbase allowed these investors to easily access and trade the cryptocurrency, leading to a surge in demand and subsequently driving up the price. It's worth noting that the price increase was also influenced by market factors and overall market sentiment towards cryptocurrencies at the time.
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