Despite the downtrend in the crypto market over the weekend, a little-known group of tokens experienced massive price movements after a sudden listing by US crypto exchange Coinbase.
According to a new announcement from the exchange’s official Twitter account, five low-cap altcoins will begin trading on Coinbase Pro once the favorable liquidity conditions are met.
Inbound transfers for Cryptex Finance (CTX), Dia (DIA), Maple (MPL), Pluton (PLU) & Unifi Protocol DAO (UNFI) are now available on @Coinbase and @CoinbaseExch in the regions where trading is supported. Trading is not enabled at this time. pic.twitter.com/Wt71pxLZS1
— Coinbase Assets (@CoinbaseAssets) January 24, 2022
Cryptex Financenative token for governance and security CTXIt is an Ethereum protocol that uses . The protocol also manages a second token, TCAP, which provides investors with exposure to the total cryptocurrency market cap.
Cryptex Finance jumped from $7.60 to $9.94, initially up 30.7 percent after the news. The altcoin, which has been in fluctuating price action since then, has maintained its gain and is trading at $11.05, up 45.7 percent in the last 24 hours at the time of writing.
An acronym for Decentralized Information Asset (Decentralized Information Asset) among altcoins greenlit by Coinbase Pro Dia (DIA) there is also. The project offers cross-chain and open-source oracles for Web 3.0.
The Dia was up 53.4 percent from $0.73 to $1.12 post-listing and has since struggled towards $1.20, gaining 54.19 percent for a day. At the time of writing, the altcoin is trading at $1.17.
Next up in Coinbase Pro’s listing package is a financing protocol in the decentralized finance (DeFi) space that offers both institutional borrowing and fixed-income loans. Maple (MPL) exists.
Maple skyrocketed from $9.92 to $11.71 instantly after the news, but its rise didn’t stop there. MPL peaked at $15.99, making a total gain of 61.1 percent. Mapple has lost some of its gains and is trading at $14.20 at the time of writing.
Another altcoin joining the Coinbase Pro listing spree is one that leverages DeFi to allow staking with a range of digital assets. Unifi Protocol DAO‘Stop (NFI).
The Unifi Protocol DAO also experienced a significant increase, rising about 42 percent from $4.43 to $6.29. UNFI has since pulled back slightly and is trading at $5.85 at the time of writing, up 2 percent from the last 24 hours.
The last altcoin in the listing group is a European-based financial services app. Pluto (PLU). Users can earn rewards as well as trade their crypto assets on the Pluton platform.
The news of the Coinbase announcement sent Pluto into a vertical price action, with the altcoin suddenly rising 242 percent from $6.78 to $16.43. The PLU’s correction did not end there, reaching its daily high at $20. The cryptocurrency is trading at $19.41, up over 40 percent, despite losing some of its gains at the time of writing.
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.