Recently, a cryptocurrency project listed on several exchanges caught Coinbase’s attention. The number of Coinbase listings has been increasing frequently. Listings by exchanges like Coinbase and Binance can have significant impacts on projects. So, which lucky altcoin was chosen?
Coinbase Lists
Coinbase continues to list cryptocurrency projects that are expected to provide volume and returns before the anticipated bull market. According to the exchange’s announcement, Pirate Nation (PIRATE) will be listed.
The announcement was as follows:
Coinbase will add support for Pirate Nation (PIRATE) 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 are available in regions where trading on @Coinbase & @CoinbaseExch is supported. Trading will begin later today if liquidity conditions are met. Once sufficient supply is established, trading on our PIRATE-USD pair will be launched in phases. PIRATE support may be restricted in some supported jurisdictions. The Ethereum network (ERC-20 token) contract address for Pirate Nation (PIRATE) is 0x7613C48E0cd50E42dD9Bf0f6c235063145f6f8DC.
Following the exchange’s announcement, attention turned to the cryptocurrency’s price movement.
PIRATE Price Update
After the exchange’s announcement, a noticeable price increase occurred. The price had risen to $0.35 following listings on other exchanges but then pulled back. After the pullback to $0.15, PIRATE returned to $0.24639 following the Coinbase news.
The RSI value for PIRATE reached nearly 80, indicating an overbought condition. The market cap for PIRATE reached $50 million, ranking it 2674th. The 24-hour trading volume was just over $136 million, making it the 176th most traded cryptocurrency.
Coinbase listings generally play a significant role in the market, and the future impact of this listing will be closely monitored. PIRATE may reach high volumes and new levels in the future. However, altcoins that do not meet expectations have also been delisted by Coinbase. Therefore, investors should be cautious for their own benefit.
