
There is no apparent correlation in assets that have qualified for a Coinbase listing. The probability of a coin explored by Coinbase eventually getting listed is 31%. Valuations of each coin proposed for a Coinbase listing should reflect a price that accounts for an expected listing probability value of 31%. Basically, the price should appreciate to reflect what the price would be with a Coinbase listing * 0.31.
However, there is a strong variance in the price movement experienced by coins after a Coinbase listing is suggested.
This means either there are market participants:- have insider info on the listing
- are unusually confident in which coins is selected
- market is irrationally pricing the potential listing
Can you notice a correlation in the assets being selected?Detecting one would make way for valuable information asymmetry, turning the delta between (analyzed) listing EV of detected winners and broad set into an alpha