Recently, the Bitcoin (BTC) 
$91,081 price dropped to $112,650, a decline that was anticipated given past forecasts for August. The outcome of news flows impacting graphs wasn’t surprising this time. Just a short while ago, Coinbase shared the listing of three cryptocurrencies in rapid succession. Here are all the details.
Crypto Listing Announcements
Coinbase announced the listing of three altcoins on its official account. Cryptocurrencies might fluctuate, but exchanges keep expanding alternatives for users to create more volume. Coinbase is one such exchange, adding diversification with three token listings, one on the BASE network and two on the Ethereum 
$3,094 network.
The altcoins scheduled for listing are:
- Euler (EUL) is set to be listed on August 6, with its Ethereum contract address being 0xd9fcd98c322942075a5c3860693e9f4f03aae07b.
- Mamo (MAMO), an altcoin on the BASE network, will be listed soon. Its BASE network contract address is 0x7300B37DfdfAb110d83290A29DfB31B1740219fE.
- Succinct (PROVE), an Ethereum-based altcoin, will complete listing shortly, provided liquidity conditions are met. Its contract address is 0x6bef15d938d4e72056ac92ea4bdd0d76b1c4ad29, and it will feature an experimental tag due to high volatility risk.
Market Reactions and Price Volatility
Following the announcements, the price of EUL surged by 30% before returning to its previous level. MAMO witnessed an approximate 8% increase. As for PROVE, trading has not yet commenced.
This strategic move by Coinbase boosts its platform’s offerings, potentially attracting more users. Diverse crypto offerings can lead to increased volume, benefiting both users and the exchange. While users gain more trading options, Coinbase strengthens its market position with strategic listings of emerging coins.
For traders, the listings could represent a chance to capitalize on initial price movements. However, volatility, especially for newly listed coins marked experimental, remains a risk. As such, traders should consider this when exploring these offerings.
Coinbase’s active approach in expanding its crypto catalog signals potential growth in the broader market. With new altcoins entering the exchange, investors should remain vigilant for emerging opportunities. The crypto space continues to evolve, with platforms like Coinbase contributing to its dynamic progression.
