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After last week’s market downturn, today’s rises are leading to positive reversals in market events. It is known that listings and delistings by cryptocurrency exchanges can have significant effects on prices. One such event occurred recently with Gravity, which was at the center of news about the merger of two cryptocurrencies. Coinbase announced the listing date for Gravity.
Coinbase Lists
It is well known how impactful the listings by Coinbase, considered one of the largest exchanges in the US and globally, can be. In this context, a recent announcement by the exchange has turned all eyes to three different altcoins.
The announcement about the upcoming listing by the exchange was as follows:
Coinbase will add support for Gravity (G) on the Ethereum network (ERC-20 token). Do not send this asset over other networks, or your funds may be lost. Transfers for this asset will be available on @Coinbase and in regions where transactions are supported on @CoinbaseExch. Trading will begin on August 13, 2024, at or around 12 PM ET, provided liquidity conditions are met. Once sufficient supply of this asset is established, trading on our G-USD pair will be launched in phases. G support may be restricted in some supported jurisdictions.
Following this announcement by Coinbase, attention turned to the price of Gravity amid the rising market.
What is the Price of Gravity (G)?
As Bitcoin surpassed $60,100, Gravity’s price also began to rise. Gravity’s price increased from $0.37 to over $0.42, marking a 12% rise in the last 24 hours. This rise also reflected in the market cap and 24-hour trading volume.
Gravity’s market cap exceeded $306 million, while its trading volume reached $47 million after a 43% increase.
