- The stock market has been going on continuously in recent months. altcoin listing It started an explosive rally by adding support to an Ethereum-based altcoin in the framework of its spree.
An altcoin focused on privacy and scaling solutions has experienced an impressive price increase after being added to the asset list of top US crypto exchange Coinbase.
In an announcement made yesterday by Coinbase’s Twitter account, the exchange said: of Marlin (POND)said that it will begin trading on Coinbase Pro, paired with Tether (USDT) once the appropriate liquidity conditions are met.
Coinbase will add support for Mines of Dalarnia (DAR), Marlin (POND), Automata Network (ATA), and StaFi (FIS) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. pic.twitter.com/C7AxXqE8vG
— Coinbase Assets (@CoinbaseAssets) June 13, 2022
Marlin is a high-performance infrastructure built to provide high-quality infrastructure for the decentralized web. “layer-0” blockchain network.
Calling itself “the flamboyant soft belly of the decentralized economy,” Marlin strives to provide key solutions for scaling and user privacy. With this Marlin Foundryoffers users the ability to exploit bandwidth and launch various types of networks.
In the first week of this year, Marlin had an impressive rise as Coinbase added four new crypto assets to its list of 50 digital assets it plans to list in the second quarter of 2022. Finally, this altcoin listing took place, and the Coinbase announcement saw Marlin surge 61 percent from $0.0073 to $0.011 despite the market downtrend.
POND has corrected somewhat after this rise and is down about 5 percent in the last 24 hours to trade at $0.0098 at the time of writing.
Coinbase added support for 3 more altcoins in the same day
Automata (ATA)
Next on the list of cryptocurrencies listed by Coinbase is a privacy-focused cryptocurrency that provides middleware for decentralized applications (DApps) in a Web 3.0 environment. Automata (ATA) existed.
According to the project website, Automata offers its users the following various products:
“Conveyor (an MEV [Maksimal Çıkarılabilir Değer] minimization solution), Witness (a customizable voting service for decentralized applications), and Librarian (do-not-track indexing).”
Among the partners of the project Avalanche (AVAX), Liner (ASTR) and polygon There are big names like (MATIC).
Automata is also up 38.4 percent from a day ago and is currently trading at $0.18.
Mines of Dalarnia (DAR)
Also joining Coinbase is the metaverse cryptocurrency, a 2D platform game where players mine to obtain resources that can be used for in-game upgrades, upgrade their characters, and earn rewards through a play-to-win model. Mines of Dalarnia (DAR) is located.
Mines of Dalarnia’s primary service asset, with both BEP-20 and ERC-20 versions on BNB and Ethereum chains DAR tokenis . DAR has a variety of uses, including in-game purchases, purchases of land in the metaverse, upgrading characters, claiming rewards, staking, and governance.
Mines of Dalarnia experienced a smaller increase compared to the others. The cryptocurrency, which has risen by 7.6 percent, is trading at $ 0.31.
StaFi (FIS)
Last among the altcoins Coinbase has added support for is a decentralized finance (DeFi) protocol that aims to unlock the liquidity of staked crypto assets. StaFi (FIS) exists.
The project has over $25.5 million in equity, using rToken (reward token), which stands for reward token, to facilitate user rewards.
“Users PoS via StaFi [proof-of-stake] When they stake their token, they will receive an equal amount of rToken in return. For example, rAtom represents shared Atom, while rXTZ represents shared XTZ. rToken allows users to directly trade rTokens to receive betting rewards and access liquidity at any time. Users also have the right to use the corresponding amount of staked tokens at any time.”
At the time of writing, StaFi is trading in the green with a 12.29 percent gain over the past 24 hours and is at $0.35.
While SFI has rebounded from its weekly low of $0.27 on Monday, it has yet to regain its high of $0.39 set on June 9.
You can check the price movements 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.