Bounce and Arpa Chain prices increase by 25% after being added to Coinbase Pro offers

The United States’ major cryptocurrency exchange Coinbase announced three new listings on its pro exchange, which unsurprisingly led to a spike in token prices..

On October 19, Coinbase Pro announced that it would add the ARPA Chain (ARPA), Bounce (AUCTION) and Perpetual Protocol (PERP) tokens to its lists.. He confirmed that trading will be available from 9:00 p.m. PT on October 19, provided the market has sufficient liquidity. All three tokens are paired with USD, EUR, and USDT.

Yes OK The prices for AUCTION and ARPA increased in the hours leading up to the ad, and have each earned around 25% in the past 24 hours., the news seems to have aroused little interest among PERP dealers.

Bounce and Arpa Chain prices increase by 25% after being added to Coinbase Pro offers
Bounce and Arpa Chain prices increase by 25% after being added to Coinbase Pro offers

After a slight initial spike at the time of the announcement, the PERP has lost 5% in the past 24 hours, until it last traded at around $ 17. The PERP is currently 30.7% below its August 30th all-time high of $ 24.40, according to CoinGecko.

ARPA Chain, which enables privacy-focused smart contracts and off-chain transactions, picked up speed approximately 9 hours before the official announcement was released.. According to CoinGecko, the ARPA is up 25% in the past 24 hours and is down 8% from its all-time high on October 13th.

The price of AUCTION, the native token of the decentralized auction protocol Bounce, had also risen at the time of the announcement.which is up 23% in the last 24 hours from about $ 33 to $ 40.

According to a Coin Metrics report released in June 2020, the influence of token listings on Coinbase Pro is clearly overrated. stop it Coinbase’s new markets typically saw average price moves of around -1% to + 14% from ten days before to ten days after the announcement.

In April of this year, Messari released a contradicting report that concluded that the “Coinbase Effect” causes new tokens to earn around 90% on average after five days..

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