Coinbase Effect: Is Crypto Ready For The Incoming Herd?

[Altcoin1998$]

The exchange is estimated to have had one of the most successful public direct listings in history. Data from Nasdaq indicates that COIN began trading near $328 and peaked at $429 per share, exceeding many experts’ expectations.

On a single day, COIN’s value traded hit an all-time record. Outperforming giants like Alibaba and Facebook, like Senior ETF Analyst for Bloomberg Eric Balchunas pointed out. As Balchunas also stated, COIN broke another record when 4 ETF’s “bought the crap out of” the stock on day 1.source