- Degen surged greater than 160% in 24 hours after Coinbase introduced assist for buying and selling the Base token.
- The io.web token may also be listed on Coinbase, however its value has fallen amid crypto decline on geopolitical occasions.
Degen (DEGEN) surged after US cryptocurrency trade Coinbase introduced that it had added DEGEN to its schedule chart.
In line with market knowledge on CoinGecko, DEGEN has soared from a low of $0.004 to just about $0.012 following the information. When it comes to 24-hour features, the value of the meme coin elevated by greater than 160%, pushing the worth of the Degen token to ranges final seen in June of this yr.
DEGEN to record on Coinbase
Degen, the group token and blockchain for decentralized social platform Farcaster, will likely be added to Coinbase for spot buying and selling.
GM Degens! Large information – $DEGEN is coming to the Coinbase Spot trade, turning into the 4th @base chip. This journey has been wild and we’ve loads forward of us. Massive because of the Degen and Base household for staying with us. Let's preserve constructing! https://t.co/m9j1FcTYMs
— Degen 🎩 (@degentokenbase) October 1, 2024
Coinbase unveiled its plan to record in July 2022, noting that the transfer is a approach to make sure transparency. The trade additionally takes benefit of this to forestall front-running, with solely property that Coinbase selected to record added to the plan.
Degen launched as a group reward token on Farcaster.
Whereas its adoption as a meme coin has helped create a powerful consumer base, the undertaking is more and more attracting new curiosity amid rising developer exercise and content material creation.
The DEGEN token is at present traded on platforms equivalent to OKX, Bybit, KuCoin and Gate.io, amongst others. Its value has elevated by greater than 330% within the final 30 days. Nevertheless, it stays nicely off its all-time excessive above $0.064 reached in March 2024.
Coinbase additionally lists io.web
io.web (IO) is one other token that Coinbase has introduced buying and selling assist for with its addition to the roadmap. Nevertheless, whereas DEGEN surged, IO traded decrease together with different cryptocurrencies amid geopolitical uncertainty within the Center East.
io.web is a decentralized AI computing platform constructed on Solana.
Whereas the value of IO is down 14% within the final 24 hours, it’s largely bullish after a rally over the previous month. At present, its value is up greater than 25% over the previous 30 days, with many of the features coming in late September after io.web introduced a partnership with the Phala Community.
The worth of IO was round $1.78.
