Blockchain
Discover 3 interesting altcoins under $1 ready to take off on Coinbase!
Bitcoin hit a new all-time high in 2024. However, as always, altcoins couldn’t keep up. This time, meme coins stole the show. While meme coins brought big profits to investors, altcoins were slow. However, there are three altcoins that could pump with the help of Coinbase. Two of these coins are currently below half a dollar.
Gust
Just 12 days ago, Coinbase added Blast for spot trading with USD pairs as an experiment. This year, Blast has distributed 17% of its supply to early adopters. According to Blast documentation, 50% of the total supply is reserved for the community.
Source: TradingView
After Phase 1 of the airdrop, Blast reached a valuation of $3 billion. It has only been 13 days since the airdrop. In the last 24 hours, Blast’s trading volume has reached $135 million, up 25.51% over the same period. Due to market conditions, Blast is currently trading below its listing price, available to investors at a 50% discount. The current trading price is $0.145.
Zks synchronization
Zksync is an L2 protocol based on the Ethereum blockchain. It uses zero-knowledge technology to increase the productivity of Ethereum. Like Blast, this token is also currently below $1. The current trading price is $0.1484 with a market cap of $545 million. Zksync token is currently below the 20, 50, and 100 moving averages. A continuous increase in RSI indicates that this token is gradually strengthening.
Source: TradingView
ZRO
Layer Zero is the third coin on this list. It is currently trading at $3.78. In the last 24 hours, it has dropped by 7.05%.
Source: TradingView
Its current market cap is $470 million, which was up from $1.05 billion last month.
Source: Coinmarketcap
ZRO It is used for passing messages between different blockchains. It supports any blockchain that can run smart contracts. Despite the current market conditions, Layer Zero is on the rise. The chart shows that both the price and RSI are increasing, indicating that this token is in a strong position.
What does the future have to offer?
A recent tweet from Coinbase shared information about the upcoming perpetual listing of these three tokens. Future trading for these tokens will begin at 9:30 AM UTC on July 11, 2024.
Source: Twitter
This will give Coinbase’s more than 10 million active users access to these tokens. When a token is listed for futures trading on a major exchange like Coinbase, it gains greater liquidity, visibility, and accessibility, which increases demand for it.