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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bull Market Is Back: Crypto Token NuCypher Doubles In Value On Coinbase Pro Listing

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
2 mins read
crypto nucypher coinbase

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If you need more evidence that the bull market is back, new crypto tokens being listed on Coinbase have started doubling in value once again, on nothing more than the listing news itself.

The latest token to see such a surge is NuCypher. Here’s why the trend of lesser-known coins pumping nearly double on exchange listings is a sign that another bull run is here for crypto.

Coinbase Pro Lists NuCypher To Support Privacy Apps And Bay Area Blockchain Business

This week, as crypto valuations skyrocket around the industry, Coinbase Pro surprised customers with the reveal of a new coin listing.

The San Francisco-based crypto exchange is known for helping to promote projects of nearby blockchain businesses in the Bay Area of California, and the company behind NuCypher fits that bill.

Starting today, inbound transfers for NU are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Wednesday December 2, if liquidity conditions are met. https://t.co/N3asuVOgyl

— Coinbase Exchange 🛡️ (@CoinbaseExch) November 30, 2020

NuCypher says it is an “infrastructure for privacy-preserving applications.” The coin’s value nearly doubled ahead of trading pairs going live on the platform.

nucypher

NuCypher pumps on Coinbase Pro listing like the good ol' days | Source: CoinMarketCap

Finding The Diamond In The Rough Before The Trend Arrives

During the last bull market, even rumors of an exchange listing could send a cryptocurrency rising ten times in price, and the fact that these situations are starting to unfold once again is a sign of the trend returning to the emerging asset industry.

Bitcoin has seen an enormous benefit during the pandemic, and altcoins are beginning to follow. And while the surge from listing NuCypher might have surprised some crypto investors, others saw it coming.

Related Reading | The Dollar Losing A Decade Long Trendline Could Send Crypto Skyrocketing

For one, Yearn.Finance founder Andre Cronje gave the project a positive review, and a nod from him is significant. Crypto exchange MXC, known for listing Cronje-related coins before anyone else, has had the token listed and is one of the few platforms where users were able to benefit from the pre-Coinbase Pro listing pump.

“MXC exchange is the first top for quality potential assets, and many MXC listed projects have later been listed on other major exchanges,” Alex Zha, Director of Global Operations, revealed. “MXC selects the best assets for their users,” he added.

How they are able to spot gems ahead of time is a mystery, but if NuCypher’s performance is any indication, then it could be worth scanning for what else the exchange has recently added, for the next big thing.

Featured image from Deposit Photos, Charts from CoinMarketCap
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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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