Coinbase Unveils Vital Announcements On ZK & WELL, What’s Next For Price?

Crypto exchange behemoth Coinbase on Wednesday issued vital announcements on ZKsync (ZK) and Moonwell (WELL) tokens. The CEX streamlined enhanced trading support for the mentioned coins, sparking an optimistic buzz among market watchers globally. Traders appear to have reacted positively to the CEX’s announcements as the coins’ trading volumes surged 5%-81% today.

Coinbase Enhances Trading Support For ZK & WELL

In a series of official X posts dated September 25, Coinbase revealed that it is enhancing trading support for ZKsync and Moonwell. According to the CEX’s posts, it today commenced auction mode for the WELL-USD trading pair, followed by limit-only mode, and finally, the token was in full trading mode as of press time.

Simultaneously, the top crypto exchange also revealed that it added the ZK-USD trading pair into auction mode, followed by limit-only mode today. Crypto market enthusiasts anticipate that even ZKsync could go live in full-trading mode shortly ahead.

Overall, the CEX’s expansion of support for the tokens has ignited considerable investor enthusiasm surrounding the abovementioned digital assets. Similar past chronicles align with the optimistic buzz as the CEX’s expansion of support has offered bolstered price movements.

How Are The Coins Performing?

Notably, ZK price today rocketed over 10% at press time and is sitting at $0.1352. Its intraday low and peak were recorded as $0.1235 and $0.1369, respectively. Intriguingly, ZKsync’s price extended weekly gains to 25% today. This rising action, in light of the CEX’s recent extension of support, has sparked market optimism globally. CoinGape Media previously reported the coin to have shot up remarkably as Coinbase announced trading support for ZKsync.

On the other hand, WELL price conversely fell 3% today to reach $0.02965. The coin’s 24-hour low and high were $0.0286 and $0.03067, respectively. However, the token’s 24-hour trading volume noted a 6% jump today, sparking uncertain investor speculations. Crypto market watchers speculate whether the CEX’s expansion of support to Moonwell could trigger gains in the coin’s price ahead.

Besides, it’s also worth mentioning that apart from ZKsync, even Zetachain (ZETA) price soared remarkably as Coinbase expanded support for the project recently. These chronicles collectively hint that price gains for the abovementioned tokens may lie ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.