The announcement of Coinbase exchange’s new altcoin listing has created excitement among cryptocurrency investors. The exchange aims to increase the liquidity of the listed altcoins and reduce price fluctuations with these announcements. Especially in bull markets, listings emerge as a significant factor in price movements, leading investors to make early purchases.
New Altcoins on the Roadmap
Coinbase recently announced the addition of two more altcoins to its listing roadmap: Shadow Token (SHDW) and Neon EVM (NEON). The expectation of listing affects investors’ buying strategies and offers potential profit opportunities upon listing.
Listing Process and Expectations
Listed altcoins generally start trading on the exchange shortly after the announcement, within a few weeks. However, if the process takes more than 30 days, there is a possibility of the altcoins being removed from the listing roadmap. Moreover, some altcoins can be listed after being kept on the roadmap for a few months, or the listing can be canceled.
These moves demonstrate Coinbase’s desire to pursue a more stable pricing policy in the markets and protect investors from excessive volatility. At the same time, it is considered an important strategy to revitalize altcoin markets and create new investment opportunities.
These developments reflect the dynamics of the crypto market and provide important clues for investors to monitor the market and predict movements in advance. Coinbase’s listing decisions continue to be decisive for the future of the altcoin market.
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