BAND Surges After Being Selected! What Would Happen If It Were Included in Coinbase's Listing?

In the Hong Kong movie "Dance with the Dragon," there is a classic scene involving lottery syndicates, and similar cases exist in reality. On July 27th, the Taiwan Power Lottery draw was rumored to have been jointly participated by a group of employees from Taiwan Shin Kong Bank, who pooled NT$5,600 for a total win of NT$1.59 billion.

https://www.youtube.com/watch?v=PbSYJUzygNA

Over the past two years, the world-renowned cryptocurrency exchange Coinbase has frequently announced its evaluation of which cryptocurrencies to list, preparing for the upcoming listings. Today (6th), Coinbase selected Band Protocol (BAND) for listing from the 19 cryptocurrencies announced on July 31st, causing the price of the coin to surge by over 50%.

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Imagine, if a listing method similar to a lottery draw, how would "syndicates" work?

If Coinbase Lists in July...

First of all, let me explain that here, "listing" refers to the hypothetical scenario where Coinbase officially announces the evaluation of listing within an hour, with each token purchase priced at $100, excluding tokens with "no trading pairs," "difficult to obtain," and "Pegged Tokens"; the settlement is based on the token's performance within the first hour after being listed.

So what happened?

According to our statistics, if one were to invest in the full list in July, a total of $1,500 would be required, resulting in a final profit of 22.28%. The selected token BAND saw an increase of 84.58%, with all other tokens showing growth, and even the lowest performer, HBAR, had an increase of 2.38%.

What about June?

To verify whether the "July Coinbase Effect" was an anomaly, we also compiled the list for June. At that time, COMP had not distributed tokens by June 11, so we used the price data from the 16th as a record. The situation in June was somewhat unique, with LPT showing the highest increase, and two tokens on the list ultimately showing negative growth. Nevertheless, the overall profit at the end was 22.84%, almost identical to July.

What Does This Mean?

Coinbase has always been known for its strict listing standards, but with the increasing number of international cryptocurrency exchanges, its listing frequency has been rising, and the tokens chosen for listing are closely following the trends. Prior to announcing COMP's listing, the two previous listings, MKR and OMG, were well-established tokens, while COMP and BAND, listed more recently, are relatively new tokens, focusing on liquidity mining and oracle issues, indicating that Coinbase may be paying more attention to the dynamics of the popular market.

Interestingly, Coinbase's token selection standards may still have a certain market taste, as even when hypothetically considering the full list for potential returns, it still yields 22%.