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Cryptocurrency traders are seizing early opportunities with less popular altcoins to profit from exchange listings. As they observe the significant impacts on charts from listing announcements, they are quick to sell for gains as high as 100%. Recently, Coinbase signaled the impending listing of three altcoins, prompting speculation about which coins will benefit from these listings.
Latest Altcoin Listing Updates
Coinbase, one of the largest exchanges by volume and the leading platform in the U.S., significantly impacts prices with its listings. The combination of liquidity from listings and regulated access for U.S. traders makes Coinbase’s announcements particularly influential on altcoin prices.
The platform announced the inclusion of AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3) in its listing roadmap. There are three possible scenarios regarding these listings:
- The exchange may announce listings within a few hours or days.
- The exchange might wait weeks before making a listing announcement.
- They could remove the selected altcoins from the roadmap, resulting in an unsuccessful listing journey.
Recently, Coinbase has treated its listing decisions for altcoins as a formality. Although it attempts to limit sudden price movements by sharing the roadmap before the listing announcements, the roadmap disclosure itself often leads to increased volatility.
ALT’s price experienced a nearly 20% increase.
PENDLE rose by 12%, while L3 Coin saw a 35% increase.
