After a surprise listing by the leading US crypto exchange Coinbase, six altcoins experienced ups and downs in valuation.
In a new blog post by Coinbase, the platform announced that five Ethereum tokens and another altcoin will begin trading on Coinbase Pro once the appropriate liquidity conditions are met.
API3 (API3)
Ethereum token included in this altcoin listing package from Coinbase API3 (API3)Powers a protocol focused on improving traditional application programming interface (API) technology for the Web 3.0 economy. local token; API3 manages DAO (decentralized autonomous organization).
Coinbase listing news initially sent API3 vertically from $3.60 to $4.98 instantly. Despite witnessing some fluctuating price movements, the altcoin is trading at $5.08, up over 40 percent at the time of writing.
Blouse (BLZ)
Second in the altcoin suite, a decentralized service provider that aims to allow users to build on-demand, scalable databases for blockchain applications. blouse token that powers its platform and decentralized storage network BLZ exists.
The BLZ token surged from under $0.27 to $0.37 after the announcement, but the coin lost some of its gains on the day and is trading at $0.29, up 11 percent at the time of writing.
Gods Unchained (GODS)
A trading card game built on the Ethereum blockchain. Gods Unchained (GODS), ranked third in the altcoin listing package. The game allows users to earn money through in-game purchases. The platform’s website uses the following motto:
“If you can’t sell your things, you don’t own them.”
GODS immediately rallied from the daily low of $4.36 to $5.79 after the listing. Experiencing some dramatic price swings, GODS is trading at $5.32, up over 13 percent on the day.
Immutable X (IMX)
Another Ethereum token included in the listing package. IMX, An NFT scaling solution designed to facilitate fast transactions without gas fees to Immutable X provides power. IMX holders can use their tokens to stake, vote and pay transaction fees.
The Coinbase Pro listing initially pushed the price of IMX up from $5.64 to $6.53, but has since seen a sell-off and is trading at $5.39, losing most of its gains.
Measurable Data Token (MDT)
Measurable Data Token (MDT), is another Ethereum token added to Coinbase. The project was created to allow the anonymous sharing and monetization of consumer data. The project’s website describes the platform as follows;
“The more value your data generates, the more money you make.
We are only interested in aggregated anonymous data; this means that no personal, identifiable data will be shared.
Your privacy is under our protection.”
MDT price exploded from $0.06 to $0.10 after the announcement. Struggling with waves of buyers and sellers, the altcoin hit a daily high of over $0.12 and is currently trading at just over $0.11, up nearly 100 percent.
Ribbon Finance (RBN)
Last in the altcoin suite is the decentralized finance (DeFi) protocol. Ribbon Finance (RBN) exists. This Ethereum-based project allows crypto-asset investors to generate returns on their holdings through a structured product protocol that includes options and fixed income as well as futures.
RBN jumped from $1.82 to $2.20 following the announcement. The altcoin, which has seen a fluctuating streak since then, has lost most of its gains and is trading at $1.63.
According to Coinbase, each token will be available for trading paired to 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.