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DeepNewz, mobile.
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Coinbase's app rank indicator did not predict the price drop as more people downloaded the app to sell rather than buy. $COIN saw a 25% increase in trading volume, with March's volume already half of February's. The company is approaching all-time highs in weekly and monthly trading volumes, with expectations for record-breaking results in 2024. Despite the surge in trading volume, Coinbase's app ranking fluctuated, indicating a trend of normies entering the market during price discovery phases. March '24 is projected to surpass November '21 in trading volume without reaching new all-time highs.
Coinbase on track to have the 2nd biggest trading volume month in history 🤯 If it keeps up the pace of ~$6.6 billion per day, March '24 will have higher trading vol than Nov. '21. and we still haven't made new all time highs... $ETH $BTC https://t.co/EgEPediJWX
Coinbase AppStore ranking peaked on the day BTC touched ATH and has fallen again since it retraced. It's like normies were coming in and then got scared off again. It seems they refuse to buy coins unless BTC is in price discovery. Fascinating and redacted behaviour. https://t.co/tTU665p4PC
Coinbase killing it Also Peak inflows last cycle were at the beginning of the massive run… is it March 2020? 👀 https://t.co/jZdF7amNY1
