Coinbase announced that it has listed 5 new altcoin projects that will be opened for transactions at 19:00 tomorrow evening. Related altcoins ALEPH, HOPR, MATH, PRQ, and ELA rose in a short time after the announcement.
Coinbase lists 5 new altcoins, MATH price makes 60%
The announcement came from the Coinbase Assets Twitter account recently. Accordingly, the following 5 new altcoins are added to Coinbase’s list. Transactions open on 22 June at 19:00.
- DeFi Yield Protocol (DYP)
- Alephim (ALEPH)
- HOPR
- Math (MATH)
- PARSIQ (PRQ)
- Elastos (ELA)
The biggest leap forward was the DeFi Yield Protocol (DYP)
It offers solutions for DeFi Yield Protocol, yield farming, staking, NFTs. The protocol uses an anti-manipulation feature that aims to limit the market influence on users converting their rewards to ETH and other cryptos. DYP was previously listed on KuCoin and Gate.io.
Now, Coinbase is recording one of the biggest spikes of the day with its announcement. At the time of writing, the DYP price is up 57% in the last 24 hours to trade at $0.3408. It gained more than 75% at one point after the announcement. Despite this, $5.20 is still 93.32% away from the ATH price.
Combining various crypto applications, MATH (MATH) reacted around 20% to the Coinbase news. After that it saw a slight correction. Now he’s holding around 5% of his earnings for the last 24 hours. As quoted by Kriptokoin.com, MATH was previously listed on FTX, MEXC and Gate.io. Despite the Coinbase influence, ATH price is trading 95.96% below $3.29.
PARSIQ (PRQ) is another altcoin that has a 20% reaction to the Coinbase listing
PARSIQ is a next-generation platform that offers analytical tools for Blockchain technology. It set ATH with $2.61 in April of last year. It is now trading 94% below this level. Coinbase made up for some of the losses, gaining more than 20% on the news. The 525th largest altcoin by market cap, PRQ is trading at $0.1506 at the time of writing. After the announcement, he displayed the following moves.
Alephim (ALEPH) and HOPR (HOPR) respond below 5%. Aleph.im aims to migrate dApp and protocols to a fully decentralized architecture. HOPR is a gold project focused on privacy. These 2 altcoins reacted slightly bullish as PRQ, MATH and DYP exploded in double digits. After initially rising around 2%, ALEPH is now at the same level over the last 24 hours. At the time of writing, it is trading at $0.2619.
Meanwhile, HOPR is busy maintaining the 5% momentum it gained with the news. At the time of writing, it’s up around 2% over the last 24 hours. It is trading at a discount of 86.61% from the ATH price of $0.9717. It reached this level in March last year.
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