ResearchCoin Skyrockets 15% Following Coinbase Listing – What’s Next for RSC?
ResearchCoin (RSC) has made headlines with a staggering 15% surge after Coinbase announced its listing on the Ethereum Layer 2 Base network. This explosive growth has caught the attention of crypto enthusiasts and investors alike. But what does this mean for the future of RSC? Let’s dive in.
Why Did ResearchCoin Surge 15%?
The price of ResearchCoin (RSC) jumped to $0.77 after Coinbase revealed its listing plans, marking a 99% increase since July 25. Here’s what triggered the rally:
- Coinbase Listing: RSC will be available for trading on Coinbase at 9 a.m. PT on Thursday, pending liquidity conditions.
- Increased Visibility: As a Tier 1 exchange, Coinbase brings unparalleled liquidity and exposure to RSC.
- Community-Driven Momentum: ResearchHub’s innovative model rewards scientific contributions, attracting both researchers and investors.
What Is ResearchCoin (RSC)?
ResearchCoin is the native token of ResearchHub, a platform co-founded by Coinbase CEO Brian Armstrong and scientist Patrick Joyce. Key features include:
- Governance & Rewards: Users earn RSC for contributing research, peer reviews, and feedback.
- Decentralized Science: Aims to disrupt traditional academic publishing by removing paywalls.
- Funding Backing: Raised $7M from investors like Y Combinator’s Garry Tan and Open Source Software Capital.
Coinbase Listing: A Conflict of Interest?
Despite Coinbase’s disclaimer that it is not affiliated with ResearchHub, concerns linger due to Brian Armstrong’s dual role:
- Armstrong’s Stake: He holds RSC tokens but committed not to sell until October 2025.
- DASG Independence: Coinbase claims Armstrong has no role in token approvals, but skeptics question the process.
What’s Next for ResearchCoin?
The market will watch closely for:
- Post-Listing Performance: Will RSC sustain its momentum or face volatility?
- Regulatory Scrutiny: Could Armstrong’s involvement invite further scrutiny?
- Long-Term Adoption: Will ResearchHub’s model gain traction in academia?
FAQs
1. When will ResearchCoin (RSC) be listed on Coinbase?
Trading begins at 9 a.m. PT on Thursday, contingent on liquidity conditions.
2. What is ResearchHub?
A platform incentivizing scientific research through RSC rewards, co-founded by Coinbase CEO Brian Armstrong.
3. Is Coinbase affiliated with ResearchHub?
No. Coinbase clarified that ResearchHub is independent, and Armstrong’s involvement is personal.
4. Why did RSC surge 15%?
The Coinbase listing announcement boosted investor confidence, driving demand.
5. Can Brian Armstrong sell his RSC holdings?
He pledged not to sell until October 2025, but the market is wary of potential future sales.
