Coinbase, one of the world’s largest cryptocurrency exchanges, announced that it will list 2 more new altcoins. After the news, prices peaked in a short time.
Coinbase lists a new gaming token
The popular cryptocurrency exchange announced that it will list Illuvium (ILV) in a new tweet today. Illuvium is a role-playing game (RPG) based on Immutable X. According to the announcement, the ILC/USD pair will be available for trading on October 13.
Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this assets over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets (@CoinbaseAssets) October 12, 2022
Illuvium (ILV) price rises in double digits after Coinbase news
Illuvium, one of the most crowded games of recent months, rallied close to 20% after Coinbase’s listing announcement. ILV ranks 425th by market capitalization. It is currently trading at $55.88. It returned some of its earnings after peaking at 20% in the early hours of the announcement.
In May of last year, the ILV price peaked at 2,868.95. It has now lost more than 98% of its value from this level. You can find more information about the game in this article of Kriptokoin.com.
HBAR is now listed on Coinbase
On October 13, HBAR will be available for trading on Coinbase in USD and USDT pairs. HBAR is the native cryptocurrency of the Hedera network. It has a fixed supply of 50 billion tokens. It is used as network fuel to pay transaction fees, in-app payments and micropayments.
HBAR, the 37th largest cryptocurrency by market cap, is currently trading at $0.06632. He evaluated the announcement with more than 5% gain.
What is Hedera?
Hedera Hashgraph (HBAR) is a public network using Proof-of-Stake consensus supported by hashgraph consensus. As a result, HBAR can realize high transaction speeds with low bandwidth consumption. Because of this advantage, HBAR has become one of the most popular and leading projects in the cryptocurrency market.
In August 2018, the platform raised its initial funds through an ICO. As part of the ICO, investors can purchase the HBAR token at a low price. More than a year later, in September 2019, the Hedera platform first launched open access to the mainnet. Hedera Hashgraph is becoming one of the most robust projects in the crypto asset market. Last year, this token briefly exceeded the number of Ethereum transactions, further cementing its position.
Hedera Hashgraph has also been recognized as one of the most environmentally friendly cryptocurrencies. Hedera Hashgraph has adopted environmental sustainability as its core value. Officially, it is committed to carbon negative network operations by purchasing carbon offsets every three months with an amount set by third-party assessment provider Terrapass.
In the meantime, let’s mention that Hedera is featured in Elon Musk tweets. On that date, the price gained 5% due to speculation around HBAR.
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