Waiting for a Coinbase "Inverse Effect"

I'm preparing some pop-corns with Coca-Cola and waiting for the next moves in what's may be called a "Crypto versus Regulation" episode.

I'm speaking of course of the US Security and Exchange Commission (SEC) decision to start a wild fight against Ripple's XRP token. Is it a security or not? I don't mind.

What I want to see is volatility, and possibly the XRP token fall to such low prices that you would not even imagine.

Consider now the so-called "Coinbase Effect" : when the above mentioned exchange list a new token, there are good chances that it will experience a big upmove in price.

Now, what about an "Inverse Coinbase Effect"?

I'm expecting , without that much surprise or intelligence, that the XRP token's price will fall AFTER the event of the Coinbase DELISTING.

This happened indeed, already, the 19 January. Ok, people can still deposit and withdraw them, but nobody can trade. I didn't saw such a big price movement since this event.

Here is a screenshot from FTX trading view session, 2 hours candles, about the XRP price around the above mentioned day:

What you see is a pretty nice spike at the begging of the 19 January, moving the price from 0.29$ to around 0.32$ ! Or a 10% increase. Then, the price went down again to touch the 0.28$ mark, with a high level of volatility.

So? No Inverse Coinbase Effect? Maybe not, as per now. But I believe this will be a major shock for the market. I believe this is also a negative argument against the whole crypto sector, apart for Bitcoin and Ethereum, which seems to be now "accepted" by USA and other gouvernaments:

they understood that they are unstoppable, too many people is using them now, there is no precise community of persons to call for a tribunal meeting.

Be aware of this: if a crypto project looks too centralised, it may fall under the negative judgment of some not funny commission. Because they would look like a security.

Expecially if the team is keeping too much for them, showing an interest in having the price going up. The more the distribution is fair and spread, the more is an non-attackable project.

In this respect, the LeoFinance project&token has noooothing to worry about :-)

It is as good as free bread for the common people !

Posted Using LeoFinance ^Beta