A fairly undervalued Ethereum token exploded 1.288% after being listed on Coinbase, making one of the biggest gains of the week. It stops the selling pressure around 30% today and is trading at $0.1429. Let’s briefly answer how this altcoin project, which has been on the shelf for a long time, is in the first place on the green board…
Altcoin has reached a large investor base in a short time
Circuits of Value (COVAL), listed on Coinbase Pro, the largest US exchange, was later opened to individual investors on Coinbase.com and its mobile apps on Thursday. The altcoin project combines ERC-20 and NFTs to create a transfer token known as a “Vault”. According to data from CoinMarketCap, COVAL rose 1.288% from its weekly low of $0.018 to $0.25 on December 11. The market cap of the project hovered around 42 million on December 5, while Coinbase doped over $414 million. Later in the day, it fell from 209 to 364 in the market cap ranking, with a pullback of up to 30%. Circuits of Value (COVAL) is also traded on Uniswap and Stex crypto exchanges.
cryptocoin.com As we reported, the cryptocurrency exchange Coinbase, known for its “doping” effect, has listed a large number of new altcoins in the last few weeks, apart from COVAL. The CEO of the exchange, Brian Armstrong, had wished last summer that the company would list as many different cryptocurrencies as possible. Stay tuned for future listing news…
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