After a surprise listing by leading US crypto exchange Coinbase, 3 altcoins in a listing package experienced volatile price movements and entered a period of intense volatility.
In a new post on Twitter, Coinbase announced that three low-value digital assets will begin trading on Coinbase Pro once proper liquidity conditions are met.
Transfers for Aventus (AVT), Render Token (RNDR) & Quantstamp (QSP) are now available on @Coinbase & @CoinbaseExch in the regions where trading is supported. Trading is not enabled at this time. Trading will begin on or after 9AM PT on Thurs 2/3, if liquidity conditions are met pic.twitter.com/a1fEodZVG7
— Coinbase Assets (@CoinbaseAssets) February 2, 2022
Quantstamp (QSP)
The first altcoin in the listing package Quantstamp (QSP)is a blockchain security protocol that serves various crypto niches, including non-fungible tokens (NFTs) and decentralized finance (DeFi). The project’s website describes Quantstamp as:
“Quantstamp’s mission is to secure the decentralized internet, and the company has protected more than $200 billion in digital assets from hackers.
Quantstamp is used by more than 200 startups, foundations and businesses to secure their innovative products.”
News of the Coinbase listing initially sent Quantstamp vertically from $0.059 to $0.087. QSP, which has regressed slightly after some fluctuating price movements, is trading at $ 0.081, up about 30 percent compared to the last 24 hours.
Render Token (RNDR)
Another altcoin that got the green light from Coinbase is a project that offers digital creators a host of new opportunities. Render Token (RNDR). The network was created to allow creators to access distributed GPU rendering services on the blockchain. The platform allows users to seamlessly share their GPU power. In return for their efforts, users receive rewards. In this way, Render Token provides artists, developers, and studios with much-needed computing power.
The company’s website describes the platform as follows:
“It shouldn’t be the hardware limitations that are keeping you from being a part of the new digital renaissance. Render puts the power of GPU rendering at your fingertips at a fraction of the cost and speed of on-premises rendering.”
Render Token initially rose 14.3% from $3.56 to $4.07 after the news. However, the cryptocurrency, which has been correcting since then, suffered a huge loss and fell to $ 3.29.
Aventus (AVT)
Last in Coinbase’s listing package is a layer-2 Ethereum scaling solution with benefits such as low costs, interoperability, and enterprise-grade capabilities. Aventus (AVT) exists. Regarding real-world use cases, the project says:
“The network allows organizations ranging from NFTs and supply chain coordinators to customer reward schemes and live entertainment companies to easily develop and implement efficient, highly secure and future-proof blockchain solutions.”
Coinbase’s listing announcement initially pushed Aventus up from $3.23 to $4.15 in back-to-back moves, but the altcoin has since corrected. After a bumpy price move, AVT is down nearly 12 percent on the day to trade at $3.13.
According to Coinbase, all 3 cryptocurrencies can be traded in USD and USDT pairs.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.