Coinbase Just Boosted These Altcoins: Gains Hit Double Digits
Main Idea
The US-based cryptocurrency exchange added several cryptocurrencies to its roadmap, leading to varying price impacts, while also highlighting past additions and delistings.
Key Points
1. The exchange added BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX) to its roadmap on July 22, with BNKR and MPLX seeing significant price increases.
2. JITO initially rose but later declined, while Caldera (ERA) surged by 75% after being added to mobile apps.
3. Coinbase previously listed Fartcoin (FARTCOIN), PancakeSwap (CAKE), and Subsquid (SQD), and enabled trading for Peanut the Squirrel (PNUT), which saw a price increase.
4. In May, the exchange delisted Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN), affecting their trading services.
Description
TL;DR The inclusion of new digital assets on Coinbase’s roadmap resulted in a significant price surge for the affected tokens. Numerous other cryptocurrencies have benefited from the exchange’s support over the past several months, while some have been negatively impacted due to delisting efforts. The Coinbase Effect The US-based cryptocurrency exchange added BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX) to its roadmap on July 22. The section comprises digital assets that may ...
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