Exchange listings that triggered a bull run on a coin

Cryptocurrency exchange listings and Initial Coin Offerings (ICO) link a blockchain project and investor markets for consolidation and eventual growth.

Otherwise, blockchain projects always find it unlikely to try to seek funds through traditional means like bank loans. key reasons are unfavorable government policies billed to replace banks and government-issued fiat money during transactions.

Exchange listings, in particular, have been so crucial in enabling interactions between crypto investors that they have sparked strong bull runs. Read on to find out which coins enjoyed explosive growth after trading charts.

A brief about bullfighting

A bull or bull market is a prolonged period of strong market growth and explosive price increases. period is characterized by high investor confidence and positivity, which fuels the market trend and causes sustained long-term price growth.

However, the definition of the conditions characterized as conducive to a bullfight is not established in time. re are more universally agreed standards. As such, this item will be used when prices make a 20% price gain after a previous significant drop (preferably 20%) or do not extend a growth period.

Notable trading listings that sparked a bullfight

While crypto exchange listings are a key link between crypto projects and investors, they can also be catalysts for a bull run. However, this article will emphasize bull runs initiated by the action of trading a currency in exchange. Coins whose growth resulted from a combination of exchange listings may not be considered if the trigger was not the listing. se also include those fostered by other factors such as major soft forks or software updates.

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Below are some notable exchange listings that triggered a bull run on the specific currency.

ADA listing on Binance

Cardano blockchain has been hitting the charts a lot lately for good reason. Its price has gained ground significantly since the beginning of the year. It’s all thanks to its high focus on achieving the title of the most decentralized coin. However, ADA’s price went from bear market sentiment to bull market in March 2021 following its listing on Coinbase.

coin enjoyed an impressive bull run from late December 2020 to mid-February 2021 before hitting a brick wall. downtrend that led to long-term market risk of a slight reversal could wipe out gains.

However, the Cardano team and the Binance exchange announced the listing of ADA on the world’s largest crypto exchange by market capitalization. action changed the sentiments of the market and caused a new bull run from mid-March 2021. run lasted until May 16, 2021. reaching an all-time high price of $ 2.39 that has not yet been exceeded. Price movements from mid-August 2021 seem to suggest that the post-trading price peak may not hold for much longer.

Ethereum listing on Coinbase

Ethereum has come a long way, as has the exchange platform. Coinbase. id had had a somewhat sluggish market performance prior to its listing on Coinbase. price of the coin had been fluctuating between $ 8 to $ 14 for about a year. Also, this was not a bear market. For months, price movement had been slow, providing the best conditions for a market to turn bearish or bullish if it was given a trigger.

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Coinbase, on the other hand, had been a Bitcoin-exclusive cryptocurrency exchange, with investors hardly expecting another rival crypto to be included. However, the potential of Ethereum’s decentralized finance system caused it to reconsider and announce a listing on May 24, 2016.

price of Ether, in turn, experienced tremendous growth. It maintained the bull run to a high of 20.65 on June 17, 2016. Also, it was a 42% gain after trading in three months. coin would not make it pass the established peak again until mid-March 2017, nine months later.

Dogecoin listing on Coinbase

It’s quite rare for key crypto investors to take a meme coin seriously. ir prices jump at the least positive mention of the big influencers. Meme coin use cases are also not on par with the rest of the cryptocurrencies and blockchain community.

Despite all that, Dogecoin has been a huge beneficiary of its first Coinbase exchange listing in June 2021. coin gained a whopping 25% in value in just one day with the listing’s mention. gain followed a sustained run down from its peak in early May.

You should be aware that bullish and bearish runs on Dogecoin and other meme currencies tend to be much shorter than average. Digital assets are susceptible to market sentiments and influencer perceptions, hence overreaction figures.

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conclusion

Exchange platforms have proven to be a very important part of cryptocurrencies. Many Altcoins struggle to list on large exchanges as they offer wide access to crypto investors.

Regardless, this article proves that they do more than offer a link to investors. A crypto listing shows confidence in such crypto and could trigger a sustained bull run on it. cases of ADA, Ethereum and Dogecoin show this phenomenon well. It’s even more efficient when properly timed to boost otherwise slow performance like Ether. It is also useful when a pullback threatens to turn into a prolonged bear market as in the cases of ADA and Dogecoin.

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