The impact of exchange listings on cryptocurrency prices continues to be a well-known fact. Listings by the largest exchanges in terms of market volume are particularly monitored by investors. Recently, Coinbase announced futures listings for three altcoins.
Coinbase Listing
According to a recent announcement by Coinbase, futures for Hedera (HBAR), Arweave (AR), and Theta (THETA) will also be listed. The statement from Coinbase Traders was as follows:
We are adding support for Hedera, Theta, and Arweave perpetual futures to Coinbase Advanced.
The launch of our HBAR-PERP, THETA-PERP, and AR-PERP markets will start on MAY 9, 2024, at 9:30 UTC or later.
Following the listing news, attention turned to the prices of these three cryptocurrencies. Generally, it is known that Coinbase announcements affect prices. So, what is the situation with these three altcoins?
Current Prices of Altcoins
HBAR price saw a 2% increase in the last 24 hours, trading at $0.09893. This price is approaching the $1 level again, which was seen after the BlackRock announcement.
This rise also affected the market volume, which increased to $3.5 billion, placing it 27th in volume ranking. HBAR’s 24-hour trading volume was seen at $247 million.
THETA saw a sudden 5% increase in price, rising above $2. This price is still far from the past ATH of over $15.
Despite the rise, the market volume went over $2 billion, positioning it at 50th place. A 14% decrease in 24-hour trading volume resulted in a volume of $56.6 million, indicating investors’ reluctance to trade.
Lastly, examining the price of AR, an incredible rise was observed. AR increased by 20% in the last 24 hours, reaching a price of $32.24. This performance in price pushed the market volume over $2 billion, positioning AR just ahead of THETA at 49th.
AR’s 24-hour trading volume was $176 million, which represents an 18% decrease. Despite the price increase, this drop in trading volume could be interpreted as existing investors not wanting to sell their AR at these prices.
