Two Ethereum-based altcoins have skyrocketed in price after they were included in the newest group of altcoins on Coinbase Pro.
Peer-to-peer energy platform of Power Ledger with service token POWR It rose 120 percent from a low of $0.35 to a weekly high of $0.79. The altcoin has since lost a small portion of its value and is trading at $0.76.
Power Ledger allows investors to buy and sell electricity and supports a variety of energy projects such as electric cars, wind power and solar power.
Coinbase Pro announced in its announcement that it has listed the Ethereum-backed version of the crypto asset paired with the US dollar, euro and Tether (USDT).
Player-controlled blockchain gaming platform Premiere‘s Ethereum-based asset PREMIERE It also gained nearly 50 percent from a low of $0.089 on Nov. 15 after the news of the listing and rose to its current trading price of $0.13.
Gala allows players to own in-game items and set the development direction of the game. The GALA token is used as a medium of exchange and as a means of payment and settlement in the ecosystem.
Coinbase Pro is also on Monday. ALCX, ENS and mStable USD (MUSD) also listed, but none of these three assets showed significant price increases.
ALCXis the native governance and staking token on the decentralized finance (DeFi) platform Alchemix, an automated yield-farming, lending, borrowing and staking protocol that uses tokenized yield funds to repay debts.
ENSis a governance token for the Ethereum Name Service that allows people to issue non-fungible tokens (NFTs) that can be linked to Ethereum addresses and web domains.
ENS has more than doubled after being listed by Binance last week, but has since lost most of those gains.
MUSDis a decentralized, US dollar pegged stablecoin that runs on Ethereum and is backed by a basket of other stablecoins.
None of the five assets are yet available on Coinbase.com or the exchange’s retail mobile apps.
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