This Cryptocurrency Rises 10% as Coinbase Prepares to List

[BitTorrent]

This Cryptocurrency Rises 10% as Coinbase Prepares to List


TL;DR

• Coinbase added Render (RNDR) to a specific section, resulting in a 10% increase in value for the asset.
• Past cryptocurrencies placed in this zone, such as bonk Inu (BONK) and Hivemapper (HONEY), have also seen significant price increases.

Coinbase, one of the leading cryptocurrency exchanges, has added support for the digital asset Render (RNDR) by placing it in the “roadmap” section.

Assets added to the roadmap today: Render

— Coinbase Assets

(@CoinbaseAssets) January 30, 2024

The price of RNDR reacted positively to the announcement, rising nearly 10% to over $4.80. It pulled back slightly in the following hours and is currently trading around $4.63 (according to CoinGecko data).

Processing (RNDR) Price, Source: CoinGecko

It’s worth noting that cryptocurrencies placed in Coinbase’s “roadmap” zone must meet certain criteria before being officially listed.

“Transfers and trades for these or other assets are not supported until the listing is officially announced. The company warned that depositing these assets into your Coinbase account before an official announcement could result in permanent loss of funds.

Recently, the exchange placed the solana meme coin Bonk Inu (BONK) in its “roadmap” section, triggering a significant price increase. It later officially adopted the token. surging even more.

The same thing happened with another Solana-based asset, Hivemapper (HONEY). Worth it Exploded There was an increase of over 100% at the beginning of January, when Coinbase placed it in experimental territory. Two weeks later, this hit It reached an all-time high of $0.33 following official support from the company.

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