Coinbase, one of the world’s largest cryptocurrency exchanges by transaction volume, is adding support for an altcoin among the top 25. The news of the listing triggered a rally that is currently reaching the 6% level.
Coinbase lists another altcoin
Coinbase recently announced that it has listed the Near Protocol (NEAR). NEAR is the dApp platform and Ethereum competitor focused on developer and user friendliness. The Coinbase list is very important, as it is an altcoin that ranks among the top 20 according to its market value.
When will NEAR transactions begin?
According to the announcement, the proceedings will begin at 11:00 tomorrow morning. However, according to the stock market, a sagging may occur on this date. In the tweet above, Coinbase is telling its users not to trade with NEAR tokens for a while. Preparations for the list will continue until noon tomorrow. When everything is complete, the NEAR/USD and NEAR/USDT pairs will be open for trading.
NEAR price peaks after Coinbase announcement
cryptocoin.comAs you follow, Coinbase news often results in double-digit rallies. However, the NEAR token is starting a similar rally. After the announcement, the NEAR price rallied as much as 6%. It currently retains most of its earnings despite recent sales.
What is the NEAR Protocol?
The NEAR token is used to pay for transaction fees and storage on the Near platform. It is a PoS Blockchain that uses sharding technology to achieve scalability. The protocol has smart contract capability, conceptualized as a community-run cloud computing platform. However, it is a public PoS Blockchain. Created by NEAR Collective, NEAR was designed to host dApps. It is trying to compete with Ethereum and other smart contract platforms like EOS and Polkadot. The native cryptocurrency of the network is called NEAR. The token is used to pay for transaction fees and storage. NEAR token can also be staked by token holders who participate in reaching network consensus as transaction validators.
NEAR Protocol is focused on building a developer and user friendly platform. To fulfill this task, NEAR has combined features such as human-readable account names as opposed to purely cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet.
Finally, projects built on NEAR include Mintbase, the NFT generation platform, and Flux, a protocol that allows developers to build markets based on assets, commodities, real-world events, and more.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.