Top US-Based Crypto Exchange Platform Coinbase Adds Three Ethereum-Based Altcoins, Prices Soar
Leading US-based cryptocurrency exchange platform Coinbase has announced the addition of three new Ethereum (ETH)-based altcoins to its portfolio, resulting in a significant surge in the prices of these assets.
Altcoins Added by Coinbase
In a recent update shared on social media platform X, Coinbase revealed that it will be supporting decentralized roll-up protocol AltLayer (ALT), decentralized finance network Pendle (PENDLE), and gamified learning platform Layer3 (L3). This move comes shortly after these altcoins were included in Coinbase’s listing roadmap.
Price Surge
Following the news of their addition to Coinbase, all three altcoins experienced a notable increase in value. AltLayer, known for its scalability-enhancing rollup protocol, saw its price rise from $0.037 to $0.041 within a day. Pendle, a project focused on tokenizing yields, also witnessed a surge from $2.83 to $2.99. Similarly, Layer3, which offers interactive games for Web3 education, jumped from $0.087 to $0.106.
Coinbase’s Listing Roadmap Impact
Coinbase’s decision to include these altcoins in its listing roadmap, aimed at enhancing transparency and preventing front-running of new tokens, initially sparked a rally in the prices of these digital assets. This latest move further solidifies Coinbase’s commitment to offering a diverse range of cryptocurrencies to its users.
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Featured Image: Shutterstock/Vanessa SG/Natalia Siiatovskaia