The cryptocurrency prices have been soaring over the past 48 hours, after the bump that happened on Friday. Still, the positive news is only related to the five altcoins that are linked to Coinbase – after the company said that it is “exploring” adding support for them to its platforms.
We are talking about Cardano, BAT, Stellar, Zcash and 0x. Coinbase is apparently engaging in discussions with banks and regulators about adding support to ADA, BAT, XLM, ZEC, and ZRX – the tokens behind these cryptocurrencies.
According to experts, Coinnbase decided to make the announcement both internally and externally at the same time, all in order to reduce the impact on the market and protect itself from allegations of insider trading.
As Coinbase announced, there is no “strict timeline for when these assets will be listed.” Additionally, some of them may have limited support in the beginning – and will probably be tested in only one or several locations.
The rise of all these tokens began immediately after the announcement. Among the 100 top cryptocurrencies, these assets are ranking as five of the seven best-performing tokens over the past 24 hours.
The best performer was 0x, which rose 29% for the day to just over $0.99. BAT also rose by more than 22% and Zcash surged by 21%, reaching $186. Cardano and Stellar posted smaller gains, rising 11% and 9% accordingly.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post