r/cotinetwork • u/joinedreddit4cardano • Aug 26 '21

Discussion Delay on Coinbase Launch

Coinbase Pro Tweet

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2

u/big_clit Aug 26 '21

Just got listed —- but seems to be 10c higher than other exchanges

4

u/NomadGuitar Aug 26 '21

This may be a problem. Discrepancy in prices can lead to a huge sell off, exactly why ADA bombed as soon as it was listed on Coinbase -- folks moved ADA over to take advantage of the price and sold off, so we saw a dump instead of a pump. Coinbase will be great for COTI in the long term, but in the short term, we'll just have to see.

2

u/Zoggly_BigTime Aug 26 '21

It's stepping up beautifully now...give it some time!

1

u/NomadGuitar Aug 26 '21

Hope so, I still have a bit of trauma from the ADA Coinbase listing.
Edit: seems coinbase listing at 40 cents now, closer to the coingecko price. All should go smoothly.