On Tuesday (23), Coinbase announced the listing of three new cryptocurrencies. The exchange will now release the trading of ANKR, Curve DAO Token (CRV) and STORJ.
After the listing announcement, all listed digital currencies underwent the “Coinbase Effect”. In other words, their prices have skyrocketed in a short period of time.
According to company, the negotiations will be available from Thursday (25), if the liquidity conditions are met.
“Investors from locations outside the jurisdiction cannot make requests and no order will be fulfilled. Trading will start at 1pm [horário de Brasília] Thursday (25), if the liquidity conditions are met. ”
Coinbase effect
In 2020, data analysis company Coin Metrics recognized the “Coinbase Effect” after the publication of a report.
At the time, it was found that the list of cryptocurrencies on the exchange generated advances in their prices in a short time after the announcement.
In this context, an expectation of an imminent increase in the ANKR, CRV and STORJ cryptography is created for the coming days.
ANKR
Evidence of the “Coinbase Effect” is already being noticed. After the listing was announced, Ankr (ANKR) registered growth in its negotiations.
At the time of writing, the ANKR token is quoted at R $ 0.5628, an increase of 34.29% in the last 24 hours.
After the significant increase, Ankr already plans to expand its presence in the cryptocurrency market.
CRV
With the listing on Coinbase, Curve’s governance token achieved almost immediate growth.
After reaching a maximum of R $ 14.88 on Monday (22), the token fell considerably. However, it rose again after the exchange’s statement.
Currently, cryptography is quoted at R $ 15.83, an increase of 21.49% in the last 24 hours.
STORJ
Despite the noticeable appreciation of all the listed digital currencies, the cryptography of the decentralized cloud storage network, Storj, has achieved the greatest prominence.
The Ethereum-based token increased dramatically after Coinbase’s trading announcement.
In the last 24 hours, the STORJ token registered a growth of 90.71%, currently quoted at R $ 9.69.
Growth expectation
The new market values achieved by digital assets are a reflection of Coinbase’s announcement.
In view of the effect caused by the exchange, tokens are expected to record new highs when they were actually released for trading on Thursday.
According to Coinbase, another 41 digital currencies are being analyzed to join trading pairs.
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