The Coinbase Effect: Three New Altcoins Added to Listing Roadmap
The top US-based crypto exchange platform Coinbase has recently announced the addition of three new Ethereum (ETH)-based altcoins to its listing roadmap, sparking anticipation of potential rallies in the market.
New Additions to Coinbase’s Listing Roadmap
In a recent update shared on social media platform X, Coinbase revealed its plans to add three new assets to its listing roadmap. These assets include AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3). By adding these tokens to its roadmap, Coinbase is signaling its consideration of supporting these assets in the near future.
Market Response to the News
Following the announcement, the prices of the newly listed altcoins experienced significant movements. AltLayer, a protocol focused on enhancing scalability through restaked rollups, saw a 4% gain on the day. Pendle, a platform enabling the trading and tokenization of yields, also experienced a 1.2% increase in value. Meanwhile, Layer3, an educational platform utilizing gamified learning, witnessed a substantial 38.6% gain in a single day.
Implications for Investors
For investors and traders, the addition of these altcoins to Coinbase’s listing roadmap presents new opportunities for potential gains. The Coinbase effect, known for causing price surges in assets added to its platform, may lead to increased interest and trading activity in these newly listed tokens.
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