Coinbase recently announced the addition of three new altcoins to its listing roadmap, potentially paving the way for these tokens to be traded on the leading US digital asset exchange. The tokens in question are Morpho (MORPHO), Popcat (POPCAT), and Pudgy Penguins (PENGU).
Morpho is a decentralized lending protocol that operates on the Ethereum blockchain. Its native token was launched in June 2022 and is currently priced at $1.81. Despite being ranked 188th by market capitalization, the token has experienced a slight decline of almost 2% in the past 24 hours.
On the other hand, Popcat is a memecoin based on the Solana blockchain, having been introduced in December 2023. With a current trading price of $0.213, Popcat holds the 289th position in terms of market cap and has remained relatively stable over the last day.
Lastly, Pudgy Penguins is an NFT project that released its utility token, PENGU, in December. Priced at $0.00987, Pudgy Penguins is ranked 127th by market cap but has seen a decrease of over 8% within the last 24 hours.
The inclusion of these tokens on Coinbase’s listing roadmap indicates that the exchange is contemplating adding trading support for these assets in the near future. This roadmap was established in 2022 to enhance transparency and prevent investors from speculating on upcoming trading support announcements.
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In conclusion, Coinbase’s decision to consider adding support for Morpho, Popcat, and Pudgy Penguins reflects the growing diversity and innovation within the crypto space. As these tokens continue to gain traction, investors can look forward to more opportunities for trading and investment.