TL;DR
The cryptocurrency market continues to recover from the most recent correction, with Ripple (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), and many other altcoins witnessing minor gains on a daily scale. Other assets, though, have rallied much more significantly, with Ronin (RONIN) being an evident example.
The gaming tokenās value surged by over 20%, reaching $4.34 (per CoinGeckoās data)ājust a few cents away from a new all-time high. Its market capitalization surpassed $1.3 billion, making it the 88th biggest cryptocurrency.
RONIN Price, Source: CoinGecko
RONINās latest spike was likely fueled by Coinbaseās decision to enable trading services with it. The official announcement comes two days after the exchange revealed it will support the asset on the Ronin network.
Backing by a leading crypto platform like Coinbase can positively impact the valuation of the involved asset since it might lead to increased legitimacy, enhanced liquidity, and, subsequently, a new wave of investors.
This is not the first time the companyās actions have triggered a price spike for a certain digital currency. The same thing happened last month when Akash Network (AKT) soared by 20% after Coinbase added the token to its āroadmapā section.
Prior to that, the price of Helium Mobile (MOBILE) reached a two-month high following the firmās decision to support the asset on the Solana network.
The post This Cryptocurrency Nears an ATH Following Official Listing on Coinbase: Details appeared first on CryptoPotato.
- The cryptocurrency market is on the rebound, with various altcoins seeing minor gains, while a certain digital asset surged by over 20% after Coinbase announced support for it.
- Similar listings, such as those for Akash Network (AKT) and Helium Mobile (MOBILE), demonstrate the exchangeās influence on boosting crypto valuations and investor interest.
The cryptocurrency market continues to recover from the most recent correction, with Ripple (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), and many other altcoins witnessing minor gains on a daily scale. Other assets, though, have rallied much more significantly, with Ronin (RONIN) being an evident example.
The gaming tokenās value surged by over 20%, reaching $4.34 (per CoinGeckoās data)ājust a few cents away from a new all-time high. Its market capitalization surpassed $1.3 billion, making it the 88th biggest cryptocurrency.
RONIN Price, Source: CoinGecko
RONINās latest spike was likely fueled by Coinbaseās decision to enable trading services with it. The official announcement comes two days after the exchange revealed it will support the asset on the Ronin network.
Backing by a leading crypto platform like Coinbase can positively impact the valuation of the involved asset since it might lead to increased legitimacy, enhanced liquidity, and, subsequently, a new wave of investors.
This is not the first time the companyās actions have triggered a price spike for a certain digital currency. The same thing happened last month when Akash Network (AKT) soared by 20% after Coinbase added the token to its āroadmapā section.
Prior to that, the price of Helium Mobile (MOBILE) reached a two-month high following the firmās decision to support the asset on the Solana network.
The post This Cryptocurrency Nears an ATH Following Official Listing on Coinbase: Details appeared first on CryptoPotato.
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