TL;DR
- One particular cryptocurrency witnessed a notable price rally following listing on Coinbase.
- Such actions from leading crypto exchanges have positively impacted the value of many other digital assets in the past.
The native cryptocurrency of Solana’s top NFT marketplace, Tensor (TNSR), saw a substantial price increase within the last 24 hours. It momentarily reached above $2.20 before settling around $1.90 based on CoinGecko’s most recent information.
After Coinbase enabled trading services for the token, its price experienced a significant increase of almost 70%.
“Customers of Coinbase can sign in to purchase, sell, exchange, transfer, or hold these assets,” according to the company’s statement.
Around the beginning of this month, Coinbase identified TNSR as a potential candidate for listing, requiring it to fulfill specific conditions first. Additionally, Coinbase introduced support for Tensor on the Solana blockchain, urging users to avoid sending the asset via other networks due to potential loss of funds.
A new cryptocurrency has recently appeared and caused a significant stir in the crypto market, with a daily trading volume exceeding $750 million. Consequently, it has surpassed the daily trading volumes of established altcoins like Cardano‘s ADA and Avalanche (AVAX), which currently stand at $450 million and $535 million respectively.
An alternative cryptocurrency trading platform, OKX, has adopted TNSR. Starting from April 8, users can deposit and trade TNSR against USDT. Withdrawal functionality is set to be activated on April 9.
In recent months, cryptocurrencies that have seen similar trading activity on various platforms have experienced significant price increases. For instance, last month, as CryptoPotato reported, the gaming token Ronin (RONIN) reached a near-record high price following its listing on Coinbase.
Before that event, Akash Network’s price increased by 20% after being included in the company’s “plan” or “schedule,” while Helium Mobile reached a new two-month peak following the announcement of the firm’s intention to collaborate with it on the Solana network.
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2024-04-09 13:33