Bitcoin
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119,440‘s price has surged past the $119,000 mark, and altcoins are rejoicing with gains exceeding 5%, bringing smiles to investors’ faces. Cryptocurrency exchanges continuously add new listings, driving up volumes, which translates into profits for platforms. But which altcoin was included in the latest listing announcement?
Cryptocurrency Listing Announcement
On August 12, at 21:53, Coinbase‘s official account announced that the WalletConnect Token (WCT) was added to their listing roadmap. This indicates that the WCT Token might be listed within hours or days, given the history of altcoins on the roadmap being quickly added within a week.
Coinbase enhances transparency by announcing altcoins to be listed in advance, thus reducing volatility. If an altcoin isn’t confirmed for listing, further scrutiny will be applied, following which a final decision will be made. Optimism prevails as altcoins currently added to the roadmap are usually confirmed for listing.
The project, developed by Reown, is a protocol providing secure connectivity between wallets and decentralized applications, as inferred from its name.
Following the announcement, the altcoin increased by 11%, reaching $0.3649.
Impact on the Crypto Market
The addition of new altcoins not only enriches the diversity of options for investors but also stimulates market activity. This dynamic is crucial for maintaining investor interest and sustaining market growth.
Coinbase’s strategic announcements about upcoming listings help build anticipation and typically lead to price hikes, as seen with the WalletConnect Token. These developments highlight the significant role exchanges play in influencing cryptocurrency valuations.
Moreover, transparency in listing decisions helps cultivate trust among users. By disclosing potential listings in advance, Coinbase fortifies its reputation within the crypto community.
