The world’s leading and USA’s largest cryptocurrency exchange Coinbase unexpectedly decided to list four Ethereum-based tokens. The price of these four altcoins ‘fly’ so to speak.
In a new blog post, Coinbase stated that two finance-focused altcoins and a pair of other crypto assets will begin trading on Coinbase Pro once the appropriate liquidity conditions are met.
Inverse Finance (INV)was introduced as an Ethereum token that offers a number of banking tools for decentralized finance. Founded in 2020 by a single developer, the project currently operates as a decentralized autonomous organization with hundreds of active members.
Inverse Finance managed to increase its price from $621.82 to $822 after the Coinbase announcement. The altcoin is currently up 22.14% on the day and is trading at $767.61.
It is also a decentralized borrowing platform that offers interest-free loans using Ethereum (ETH) as collateral. Liquidity (LQTY) also received the green light from Coinbase Pro.
Liquidity initially rose 62.3% from $5.12 to $8.31 and is currently trading at $7.91, up 13.25% on the day for LQTY.
The next altcoin is a platform that automates real estate transactions to save time and reduce the possibility of fraud. Propy (PRO) it happened. The native token can be used to cover the cost of fees and contracts.
Propy jumped from $1.59 to $2.30 just after the Coinbase news broke and eventually reached $2.61. PRO is currently trading at $2.45, up 53.14% on the day.
The altcoin at the bottom of the list is threat detection and anti-malware project PolySwarm (NCT). Native token rewards users who help collect cybersecurity data and insights. PolySwarm partners include companies such as Alibaba.com, Tlabs and SecureBrain.
PolySwarm jumped from $0.026 to $0.103 in response to the listing, up 296%.
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.