A surprise group of tokens is sizzling after a sudden listing by top US crypto exchange Coinbase.
In a new announcement, the exchange says that five low market cap altcoins will start trading on Coinbase Pro once appropriate liquidity conditions are met.
Cryptex Finance is an Ethereum protocol whose native token CTX provides governance and security. The protocol manages a second token called TCAP which offers investors exposure to the total cryptocurrency market cap.
Cryptex Finance initially jumped 30.7% from $7.60 to $9.94 but has seen choppy price action since. It’s currently up 49.02% today and trading for $11.06.
Also getting the green light from Coinbase Pro is Dia (DIA), whose abbreviation stands for “Decentralized Information Asset.” The project offers cross-chain and open-source oracles for Web 3.0.
Dia roared 53.4% from $0.73 to $1.12 and has since fought its way to $1.20, marking a 54.19% gain on the day.
Next up is Maple (MPL), a financing protocol that offers both institutional borrowing and fixed-income lending across the decentralized finance (DeFi) space.
Maple immediately jumped from $9.92 to $11.71 but didn’t stop there. MPL is currently trading for $15.99, marking a total gain of 61.1%.
Another altcoin joining the Coinbase Pro roster is Pluton (PLU), a financial services app that’s based in Europe. Users can earn rewards as well as swap crypto assets on the platform.
News of the Coinbase announcement sent Pluton vertical, increasing 242% from $6.78 to $16.43 in a flash. PLU peaked at $17.44 before correcting, but remains up 143% on the day at $15.52.
Last on the list is Unifi Protocol DAO (NFI), which utilizes DeFi to allow staking with a number of digital assets.
Unifi Protocol DAO also shot off the launch pad and leaped nearly 42% from $4.43 to $6.29. UNFI has retraced a bit but is still up 30.36% on the day and trades for $5.76.
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Source: https://dailyhodl.com/2022/01/25/coinbase-suddenly-lists-five-new-altcoin-projects-triggering-parabolic-rallies/