zkSync Eyes Breakout As Coinbase Confirms Potential Listing

American cryptocurrency exchange Coinbase has announced the potential listing of zkSync (ZK), causing a visible uptick in market valuation. Precisely, the publicly listed company added the ZK token to its roadmap, suggesting imminent listing for the Ethereum Layer 2 scaling solution.

zkSync Crypto Awaits Coinbase Verdict

Noteworthy, traders and investors are not allowed to transfer and trade any asset under consideration on Coinbase. Also, getting on the list is no assurance that a token will eventually get listed. In fact, a Coinbase blog post noted that an asset could face delays or removed from consideration for listing for any number of reasons.

While the listing is not finalized, making it to Coinbase could serve as a major win for the zkSync ecosystem. The price of the digital asset could jump from its current level at $0.1005 toward a new all-time-high (ATH). About two months ago, leading cryptocurrency exchange Binance expanded support for the ZK token. It listed its new trading pair alongside that of dogwifhat (WIF) and LayerZero (ZRO).

In June, commission-free crypto trading platform, Robinhood, also announced its intention to launch zkSync trading along with an airdrop plan. This potentially set the stage for ZK price surge. In the days and weeks that followed, the cryptocurrency saw increased interest and trading volumes rally.

As a top cryptocurrency exchange, this news from Coinbase may force a new ZK price movement. It is currently up by 3.6% in 24 hours with a low price of $0.09858 and a high of $0.1045.

Coinbase Listing Trend Over the Past Months

Coinbase has engaged in many token support in recent times, either under consideration like zkSync or an outright listing. On Thursday, Coinbase announced support for two major altcoins: Immutable and Flow Perpetual Futures. Consequently, both altcoins will notch a perpetual futures listing IMX- PERP and FLOW- PERP on Coinbase International and Advanced platforms.

Similarly, the Brian Armstrong-led exchange showed its support for Across Protocol (ACX) in August. At the same time, it highlighted a potential launch of the ACX-USD trading pair in phases once it hit the sufficient supply target. This listing led to a 14% price pump for the digital asset.

In that same month, Zetachain jumped 17% as it entered the exchange’s listing roadmap.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

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.