Two Days Till COIN a Nasdaq Listing

In just a few more hours COIN which is coinbases ticker for the Nasdaq stock exchange will be listed and live for everyone. What should we expect from the listing for the stock as well as cryptocurrency? Let's dive in

COIN Listing Stock Ticker

First lets dig into what we could expect from the stock COIN once it goes public on the Nasdaq on April 14th.

Many suspect the price to swing wildly along with the value of the cryptocurrencies they allow to trade on their platform. However in my own personal opinion I feel the stock will lag in price and be sluggish to a rise or fall in overall cryptocurrency prices. I expect heavy trading to happen on the opening day which will fuel the growth of the stocks value but quickly come back down much like we see with many new stocks that hit the market.

You might have 1-3 days of rally but shortly after that I expect a hard sell off with a bounce back to where the new normal should be.

It should be no surprise to anyone that Coinbase offers one of the easiest and best UI's when it comes to investing into crypto for first time people. It's clean, it's easy and it's been proven to be secure over the years. Getting a public listing to me isn't about the stock price it's more about security and showing the world crypto is here to stay now and we are a trusted entry point into those markets.

When you think about it Coinbase really has no real good competitor. Sure there are competitors but they are not well known, their UI's often greatly lack and Coinbase has just dug it's feet in and plated itself as an authority over the years.

The Crypto Prices

Because of the above I expect any cryptocurrency that is easily bought on their platform to also have a short term quick rally as new investors pile in.

It's been a while since I logged into Coinbase to see what crypto you can buy with Fiat easily but here is the newest updated list.

Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, 0x, USDC, BAT, Decetraland, Kyber Network, Chainlink, district0x, Maker, Civis, OMG Network, Dai, Zcash, Augur, Stellar Lumens, EOS, Tezos, Algorand, Dash, Cosmos, Orchid, Compound, Enjin Coin, Band Protocol, Numeraire, Celo, UMA, Loopring, yearn,finance, Uniswap, Balancer, Ren, Wrapped Bitcoin, NuCypher, Filecoin, Aave, Bancor Network Token, The Graph, Sythetix Network Token, Storj, SushiSwap, Polygon, SKALE, Cardano, Ankr, Curve DAO Token, NKN, Origin Token and 1inch.

That's a seriously solid and large list from what it was three years ago. From what I recall you had Bitcoin, Bitcoincash got pushed in later, Litecoin, Ethereum and maybe one or two others. I expect any of these core solid projects and well known cryptos such as bitcoin to see a rally on this day.

What I'm really curious about is if COIN (Coinbase) Will be a dividend paying stock. If so I actually might buy it on the dip.

What are you thoughts on Coinbase going public?

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