Two Under-the-Radar Altcoins Continue To Skyrocket This Week Amid Official Coinbase Trading Rollout
Top US-based crypto exchange Coinbase is rolling out official trading support for two red-hot altcoins, sparking further rallies.
Coinbase customers can now trade security-focused decentralized finance (DeFi) crypto Threshold (T) and decentralized music project Audius (AUDIO).
The exchange added both the under-the-radar assets to its listing roadmap earlier this week, also spurring huge price gains for each at the time.
Threshold is trading at $0.0537 at time of writing and has skyrocketed by nearly 150% in the past seven days while Audius is changing hands for $0.324 at time of writing. AUDIO has surged by more than 11% in the past 24 hours and is up nearly 90% this week.
The team behind Threshold says it is developing a suite of crypto services that will empower user sovereignty on the blockchain. One of its first projects is a decentralized bridge that aims to let Bitcoin (BTC) holders bring their BTC onto the Ethereum (ETH) network using tBTC, a pegged version of the king crypto.
Audius is a decentralized sharing and streaming protocol for audio files. It enables direct transactions among creators and their audiences. The AUDIO token is used in the governance of the protocol and to secure the network.
Coinbase created its listing roadmap last year to increase transparency and reduce the possibility that insiders will be able to front-run their listing announcements.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Author: Conor Devitt
