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Breaking News: Bitcoin Soars to $21,500 On "Hated Rally," Is There Fuel To Keep Rising?
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Breaking News: Bitcoin Soars to $21,500 On "Hated Rally," Is There Fuel To Keep Rising?
crypto nucypher coinbase

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

Tony Spilotro by Tony Spilotro
2 years ago
in Crypto
Reading Time: 2 mins read
Advertisement

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.

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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 Pro (@CoinbasePro) 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.

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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
Tags: coinbaseCoinbase Procryptonucypher
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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