This Popular Altcoin Soars 70% After Coinbase Support: Details
TL;DR
- A particular cryptocurrency witnessed a notable price increase after it was listed on Coinbase.
- Such actions by leading crypto exchanges have positively impacted the value of many other digital assets in the past.
Tensor (TNSR), the native cryptocurrency of the leading solana NFT marketplace, has experienced a significant price increase in the last 24 hours. It recently broke the $2.20 barrier and is currently trading around $1.90 (according to CoinGecko data).
TNSR Price, Source: CoinGecko
The nearly 70% price increase came shortly after cryptocurrency exchange Coinbase activated trading services with tokens.
Coinbase earlier this month placed TNSR is in the “road map” zone, where it must meet certain criteria before receiving the official listing. Tensor support was also added to the Solana network, and users were advised to avoid sending the asset over other networks due to “possible loss of funds.”
The recently emerged cryptocurrency has made serious Waves in the crypto space, reaching a daily transaction volume of over $750 million. Thus, it surpassed well-known altcoins such as Cardano‘s ADA and Avalanche (AVAX), whose figures are $450 million and $535 million respectively.
Another leading cryptocurrency exchange that has adopted TNSR is OKX. IT opened Deposits and spot trading for TNSR/USDT will be available on April 8, while withdrawals will be possible later today (April 9).
Similar movements from trading venues over the past few months have been followed by an increase in the prices of the affected cryptocurrencies. Like CryptoPotato reported Last month, gaming token Ronin (RONIN) soared to an almost all-time high price following its official listing on Coinbase.
Before that Akash Network (AKT) jumped helium mobile (MOBILE), on the other hand, increased by 20% after adding it to the company’s “roadmap” section. climbed It reached a two-month high following the company’s decision to support it on the Solana network.
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