Seven altcoins surged after a surprise series of listings by top US crypto exchange Coinbase. In a new blog post, Coinbase announced that 5 Ethereum tokens and 2 other altcoins will begin trading on Coinbase Pro once the appropriate liquidity conditions are met.
Circuits of Value (COVAL)
Circuits of Value (COVAL)jumped from $0.02 to $0.06 almost instantly after the news and continued to rise, peaking in a fraction below $0.09, representing a gain of about 350 percent. COVAL is back in the $0.06 range at the time of writing.
COVAL is the Ethereum token behind the Emblem platform that allows users to combine Ethereum (ETH), ERC-20 and NFT tokens to create a transfer token known as Vault.
IDEX
The other Ethereum token IDEX jumped 84% as the listing spread. Its native token IDEX powers the IDEX decentralized exchange, which includes an order book, automated market maker (AMM) and stakes for its holders.
As the listing news spread; including an order book, automated market maker (AMM), and staking for holders IDEX an Ethereum token that powers the decentralized exchange IDEX token The price has also increased by 85%.
IDEX rose from $0.25 to $0.46 post-listing and is trading at $0.43, stabilizing somewhat at the time of writing.
Polkastarter (POLS)
A fundraising project built on the Polkadot blockchain. Polkastarter (POLS) also on the rise after the listing news. POLS jumped from a weekly low of $2.94 to $3.79, then jumped again to $4.94 for a total jump of 68 percent. The token has lost most of its gains and is trading at $4 per token at the time of writing.
Moss Carbon Credit (MCO2)
Aiming to promote environmental protection through a market solution that includes democratizing and developing the carbon credit market through MCO2 tokens. Moss Carbon Credit (MCO2) It also saw an impressive rise after the Coinbase listing, with the altcoin rising from $9.24 to $16.71 and peaking at $20.77 – representing an increase of about 125 percent.
According to Coinbase, Moss Carbon Credit aims to combat climate change by offering carbon credits:
“On the Moss Carbon Credit platform, burning an MCO2 token is equivalent to making it possible to offset a tonne of CO2 footprint by purchasing and conserving land in the Amazon rainforest.”
The altcoin is currently trading at $19.35.
SuperFarm (SUPER)
SuperFarm (SUPER)is another Ethereum token that got the green light from Coinbase. Powers SuperFarm, a non-fungible token (NFT) marketplace where users can stake SUPER assets to earn redeemable points with NFT.
SUPER saw an almost instant rise from $1.06 to $1.58, gaining 66 percent and hitting a high of $1.77. The altcoin is currently holding pretty strong at $1.64.
Spell Token (SPELL)
Spell Token (SPELL)manages the Abracadabra.money platform, where users deposit interest-bearing cryptos to mint stablecoin MIM.
The cryptocurrency rose 50 percent from $0.009 to $0.013. At the time of writing, SPELL is trading at $0.019.
ShapeShift FOX Token (FOX)
The native token of decentralized exchange (DEX) ShapeShift in the last row of the listing series ShapeShift FOX Token (FOX) exists. The Coinbase listing announcement sparked an instant jump in the altcoin from $0.77 to $0.87. FOX rallied 35 percent to a weekly high of $1.04 before dropping slightly to its current price of $1.01.
Coinbase has announced that each token can be traded paired with USD and USDT.
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.