As a seasoned analyst with years of experience navigating the volatile cryptocurrency market, I must say that the potential listing of zkSync (ZK) on Coinbase has certainly piqued my interest. While it’s important to remember that nothing is set in stone until an official announcement is made, the recent developments suggest a promising future for this Ethereum Layer 2 scaling solution.
The well-known American cryptocurrency platform Coinbase has declared its possible inclusion of zkSync (ZK) in their listings. This announcement has led to an observable surge in market value. In other words, the publicly traded company has placed ZK token on its agenda, indicating a likely near-future listing for the Ethereum Layer 2 scaling solution.
zkSync Crypto Awaits Coinbase Verdict
Significantly, traders and potential investors cannot currently transfer or trade assets being considered by Coinbase. Additionally, being on the list does not guarantee that a token will eventually be listed. In reality, a Coinbase blog post stated that an asset could encounter delays or even be removed from consideration for listing due to multiple reasons.
If zkSync manages to get listed on Coinbase, it could be a significant boost for its ecosystem, potentially causing the digital asset’s price to surge toward a new record high from its current value of $0.1005. Notably, Binance, a prominent cryptocurrency exchange, recently added support for the ZK token and listed its trading pair alongside those of Dogewhatever (WIF) and LayerZero (ZRO) around two months ago.
At the end of June, Robinhood, a platform for commission-free crypto trading, declared plans to introduce zkSync trading and an airdrop program. This move could have sparked a rise in ZK‘s price. In the time that followed, there was growing interest and a surge in trading activity for this cryptocurrency.
As a top cryptocurrency exchange, this news from Coinbase may force a new ZK price movement. It is currently up by 3.6% in 24 hours with a low price of $0.09858 and a high of $0.1045.
Coinbase Listing Trend Over the Past Months
Immutable X and Flow Perpetual Futures. As a result, these altcoins will now be listed as perpetual futures contracts on both the international and advanced platforms of Coinbase – with ticker symbols IMX-PERP and FLOW-PERP respectively.
As an analyst, I observed that in August, the exchange I analyze, led by Brian Armstrong, expressed its backing for Across Protocol (ACX). Moreover, they hinted at the prospective rollout of the ACX-USD trading pair in stages upon reaching the necessary supply threshold. This listing significantly boosted the digital asset’s price by approximately 14%.
In that same month, Zetachain jumped 17% as it entered the exchange’s listing roadmap.
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2024-09-06 21:21