In a continuation of good news for crypto asset Stellar, Coinbase recently announced the listing of XLM on its platform. Markets reacted positively to the news, with a 4% increase against the Dollar, but similar to XRP’s recent listing on the platform; investors were left feeling somewhat disappointed.
Is this further confirmation of Coinbase’s diminishing influence? Or, were past pumps the result of market manipulation?
To be fair, a good amount of altcoins followed similar movements…
Also, the Coinbase listing pump appears basically dead. $XLM initially jumped 7%, now sitting around 5% above the announcement level. Nothing to write home about in crypto land
— Crypto Bobby (@crypto_bobby) March 13, 2019
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