The coinbase adds bio and EUL to its asset roadmap, how are these tokens done?

The coinbase includes bio protocols and eular in its asset roadmap, showing that they can be listed on the exchange below the line.

In the July 29X Post, the Crypto Exchange Coinbase announced that it has added bio protocol (bio) and eular (EUL) to its asset roadmap.

After the announcement, Bio held about 17% rallies before giving some benefits and doing a little trade after the time of writing.

For bin call, the bio protocol is a decentralized science (DESCI) native token to power the ecosystem. It enables the manufacture of community-governance biotech research collectives, known as biodos, and supports the token of scientist intelligent property.

On the other hand, Euller is a governance tokens for Euler Finance, a permitted Defi Borrowing Protocol built on the Ethereum. This allows users to listen and borrow a wide range of crypto assets, including long -term tokens, which are usually not supported by other platforms. Eul has given a greater response, going up just 3.5% after the announcement.

Both tokens have already received listing on many popular cryptocurrency exchanges, such as Benns, OKX, Crackon, Gate. For Yular.

However, investors should note that the asset roadmap of the coinbase only indicates cryptocurrency under consideration for potential listing and it does not suggest that they will eventually be added to the platform.

Coinbase effect

As a tier -1 exchange, coinbase listing often has short -term respements. Crypto traders refer to it as a “coinbase effect”. The speed of the speed platform stems from the appeal among the comprehensive user base, and institutional investors.

Market participants interpret the listing as a sign of validity, which often leads to the price press in low words and the price press.

Historically, several tokens have recorded a double-decit intraday profit after a coinbase antense or listing.

However, while early rallies are common, they are not guaranteed, not guarantee, nor are they always persisted in long periods. The listing leads to permanent application that leads to market conditions, token supply dynamics, and comprehensive investors that play in all detergents.

For example, the indigenous token of Newton protocol crashed 44% immediately after its listing on the coinbase. For a report by crypto.news, Sharp Drive was motivated by investors to sell their aircraft tokens to secure their aircraft tokens, which led to permanent sales permanently.

Another example that underlines this instability is the case of Venice AI token, VVV. Shortly after listed on the coinbase, the token saw a sharp intensive pump. However, Rali Rali was smaller, and the project team crushed the price after an alleged report and was worthy of about $ 5.7 million of VVV tokens around the hearing time.

Since both bio and EUL are listed in several major exchanges, the impact of a possible coinbase listing may not be as pronounced as it will be for a newly launched token.