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Bitcoin

This altcoins to go live on Coinbase today: How will prices interact?

TL; D

  • Coinbase’s latest listing efforts have raised prices for some encrypted currencies.
  • However, the assembly was short -term, and the participants have erased many gains in the past few hours.

The latest additions

Coinbase Coinbase Coinbase in the United States officially added support for three digital assets: Packs (cake) On the ethereum network, SubQUID (SQD) On the expression network, and Fartcoin (Fartcoin) On the Solana network.

The news was released yesterday (June 11), during commercial services with The above symbols You will be available to users today.

Ads Causing price to rise For all the currencies concerned. Fartcoin was pumped by 6 % to $ 2.69, Fartcoin gathered over $ 1.50, while SQD reached the highest new level ever at $ 0.28. that it It is important to note This is all Encryption market He was boom Yesterday after the positive American consumer price index data the Developments in the trade relations of the United States of America.

In the following hours, the sector goes south, and Coinbase’s The newly added symbols have lost many of its recent gains. Until this writing, SQD is still in the Green Zone, while Fartcoin and Cake have exceeded 24 hours losses.

SQD price
SQD Price, Source: Coingecko

The primary pump for symbols It should not Be a surprise. After all, Coinbase is one of the largest encryption exchanges in the world, and its support is strengthening they Liquidity, accessibility, and total reputation.

This theory has been supported several times in the past few months. At the beginning of the year, the peanuts of the Sentees (PNUT) I witnessed Prices increase by 30 % after Coinbase presented it on its platform.

Just days later, another Mimi – Touch (Touch) – burst By triple numbers After adding it to the road map. this It is a special area where the assets must meet to be sure Standards before they are officially included.

A different story when deleted

Near the end of May, the company Declare Which – which Users will It is no longer able to make commercial services using Helium Mobile (Mobile), Render (RNDR), RBN financing, and SIN (SYN) starting from June 26.

M.Obile, RNDR, RBN, & SyN are crossed out because new versions of these symbols have It was released. As a result, the original versions of these symbols no longer meet our listing criteria,He said at that time.

The voltage caused the deletion a significant decline for those affected thatWith the most important loss to About 15 %.

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