Altcoins
Check out the top 3 Altcoins under $1 ready to explode on Coinbase!
Bitcoin reached a new all-time high in 2024. However, as always, altcoins didn’t quite follow suit. This time, Meme parts have stolen the show. While meme coins have brought investors big profits, altcoins have been slow. Still, there are three altcoins that could explode with Coinbase’s help. Two of these tokens are currently trading for less than half a dollar.
Blast
Just 12 days ago, Coinbase added Blast for spot trading with USD pairs as an experiment. This year, Blast distributed 17% of its supply to early adopters. According to Blast’s documentation, 50% of the total supply is reserved for the community.
After the phase 1 airdrop, Blast has reached a valuation of $3 billion. It has only been 13 days since the airdrop. In the last 24 hours, Blast’s trading volume has reached $135 million, up 25.51% over the same period. Due to market conditions, Blast is currently trading below its listing price, available to investors at a 50% discount. The current trading price is $0.145.
Zk Synchronization
Zksync is an L2 protocol built on the Ethereum blockchain. It uses zero-knowledge technology to increase Ethereum’s throughput. Like Blast, this token is also currently below $1. The current trading price is $0.1484 with a market cap of $545 million. The Zksync token is currently below the 20, 50, and 100 moving averages. A continued increase in the RSI indicates that this token is gradually strengthening.
Zero
Layer Zero is the third cryptocurrency on this list. It is currently trading at $3.78. In the last 24 hours, it has decreased by 7.05%.
Its current market capitalization is $470 million, down from $1.05 billion last month.
Zero is used for message transmission between different blockchains. It supports any blockchain that can execute smart contracts. Despite the current market conditions, Layer Zero is on the rise. The chart shows that the price and RSI are increasing, indicating that this token is in a strong position.
What is happening ?
A recent tweet from Coinbase shared information about the upcoming perpetual listing of these three tokens. Future trading for these tokens will begin at 9:30 UTC on July 11, 2024.
This will allow Coinbase’s more than 10 million active users to access these tokens. When a token is listed for futures trading on a major exchange like Coinbase, it gains more liquidity, visibility, and accessibility, which increases its demand.
Read also: The Best Cryptocurrencies to Buy Right Now as the Market Crash Comes to an End