Coinbase, the largest cryptocurrency exchange in the USA, announced that it will add two new altcoins to its roadmap. Accordingly, the platform will soon list Aavegotchi (GHST) and Litentry (LIT) coin. After the announcement, there was a huge rise in token prices. Both GHST and LIT have rallied in the last 24 hours with huge gains. So, are these altcoins that Coinbase has decided to list promising?
What is Aavegotchi (GHST)?
Aavegotchi (GHST) is a project running on Aave that provides NFT services for decentralized finance. This platform aims to be a part of the growing NFT gaming world. It also combines various aspects of crypto and DeFi with a new Blockchain gaming experience. Simply put, this serves as an NFT-based game with DeFi features built into it. Users can earn returns by staking their NFT-shaped avatars and using them in DeFi as collateral. The project is extremely similar to the popular NFT collection CryptoKitties.
The Aavegotchi ecosystem is powered by its native token called GHST. With this Ethereum and Polygon-based token, users have the opportunity to participate in the Blockchain game. Accordingly, GHST has a function such as purchasing the necessary tickets to participate in the game. Meanwhile, the token does not have a specific maximum supply. However, according to data from CMC, the circulating supply currently consists of 45.09 million tokens. The market cap of the cryptocurrency is around $47.7 million. Coinbase listing could lead to more adoption in the future.
What is Litentry (LIT)?
Litentry (LIT), an Ethereum-based Blockchain project, allows users to collect identities from other chains. This platform has an identity matching and storage mechanism. The ecosystem as a whole consists of a decentralized identity and user activity data collection infrastructure. In addition, Litentry has also developed a solution called MCP, where users can manage all their identities on a single platform. With these, the project aims to solve major data breach related issues prevalent in the Web2 space. It works for Web3 to be seamless in the field of data privacy.
As we reported as Kriptokoin.com, Litentry works with a utility token called LIT. This ERC-20 token is used to reward users who serve as an identity database. In addition, users can benefit from functions such as credit calculation by paying with LIT. Currently with a market cap of $30 million, LIT has a maximum supply capped at 100 million units. However, CMC data shows that there are currently 39.61 million LITs in circulation.
These 2 altcoins are on the rise after the Coinbase listing
Coinbase is one of the biggest players in the cryptocurrency market. It is also among the largest US Bitcoin exchanges. For this reason, every announcement made by the company is followed by investors. According to the latest announcements in this context, Coinbase delighted its customers by adding two new altcoins to its roadmap. Adding to the roadmap, Aavegotchi (GHST) and Litentry (LIT) witnessed a long green candle. The price of GHST, which was traded at $1.02 on November 28, went up to $1.06. The price of LIT, on the other hand, rose from $ 0.69 to $ 0.77.
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