Coinbase became many US citizens’ go-to exchange because it was the first to make the buying and selling of Cryptocurrency simple and convenient, without having to jump through hoops or send your funds to foreign countries. It offered a clean interface, and has remained a secure platform without any major incidents to this day. As many new investors who are just getting into the market may not know, Coinbase, in its history of being a US Cryptocurrency exchange, only recently added Ethereum and Litecoin to its menu. Litecoin still being a fledgling altcoin at the time, and Ethereum – an impressive ICO with a repertoire of added benefits – the future of decentralized applications on the Internet.

Flash forward to the present, and we get to see the effects that Coinbase has on any Cryptocurrency. Not only is Bitcoin performing miraculously, somewhere in the $17k USD range at the time this article was written, but Litecoin has jumped from approximately $100 to $350 in a matter of days, and Ethereum is on the rise as well, currently valued just under $700 on Coinbase. At this pace, I cannot wait to see what the remainder of 2017 will bring us, not to mention Q1 of 2018. This is also in tandem with the recent addition of Bitcoin Futures trading on the Chicago Board Options Exchange, no doubt an attention grabber to those who’ve been thinking about investing in Cryptos, but haven’t pulled the trigger just yet.

What we see here is the perfect culmination for astounding growth in the 3 coins listed on the most popular US exchange – Bitcoin, Litecoin, and Ethereum. You have a large number of people who have at least some knowledge about what a Bitcoin is, and they have just been given their first sign that it is legitimate thanks to it being tied to a US stock exchange. Many of these new investors reside in the USA, and head straight for Coinbase, where the 3 best performing Cryptocurrencies are listed for them to buy. They all buy at least some Bitcoin, but are also very interested in buying ONE of these coins, because it’s gratifying to own at least a whole of something, and we’ve all been psychologically trained to seek whole numbers when it comes to investing, not fractions. So what do they choose? Ethereum, Litecoin, or both.

This immense growth is something that Bitcoin investors have been anticipating for quite some time. In fact, I think most of us didn’t anticipate even this rapid acceleration in price. The great part is that we all benefit from the Coinbase effect together – in that we’ve been investing in these key Cryptocurrencies and have been anticipating expansion and growth, and I believe the market is going to continue to stun all of us in 2018. Litecoin up to $1000 in January 2018? Ethereum at $1600, maybe higher? We’ll just have to wait and see. Until then, HODL and rest easy knowing you’re in a winning market. Happy trading!