Crypto exchange Coinbase undervalued after giving sudden support to the project Ethereum It sparked a massive rally in an altcoin-based altcoin. Altcoin managed to enter the radar of investors with its remarkable rise. Details are here.
Coinbase announced via Twitter that the exchange now supports 00 Tokens (POOLS) on the Ethereum network.
00 Token (00) is now live on https://t.co/CD3RBjcbce & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKzPQH
— Coinbase Assets (@CoinbaseAssets) October 11, 2022
00 Token is the management token behind the zerozero DAO (decentralized autonomous organization) project, a decentralized community for social tokens. 00 is an ERC-20 token built for the P00LS ecosystem and decentralized exchange (DEX) that supports the distribution and trading of social tokens. 00 can also be used for management in the network and to access certain features in the P00Ls.
Koinfinans.com As we reported, football legend Ronaldinho recently launched his own social token, RON, on the P00LS platform, and according to the whitepaper, the project targets artists, musicians, influencers, and brands as well as athletes.
After launching on Coinbase, 00 Token went from $0.37 to $1.66 in a matter of hours, making a gain of 348%.
00 tokens lost some momentum afterward, but retains most of its gains. At the time of writing, 00 is trading at $1.12, up 202% in the last 24 hours.
According to CoinMarketCap, 00 Token has a market cap of just over $40 million at current prices and saw around $19 million in 24-hour volume.
The Ethereum-based altcoin is listed under Coinbase’s Experimental tag, where the exchange adds new projects with lower liquidity and higher risk.
Earlier this year, Coinbase CEO Brian Armstrong said the exchange aims to add support for as many altcoins as possible as long as they meet core security standards.
You can follow the current price action here.
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.