Investment news keeps coming in, and altcoins are experiencing rapid growth. While BTC is falling, two altcoins are on the rise. RPL Coin, announced by Coinbase exchange, continues to climb at 28.6 dollars with a 10% increase. Recently, Binance exchange also revealed its investment in CRV Coin.
Why is RPL Coin Rising?
Coinbase Ventures has just announced a strategic investment by purchasing RPL tokens from the Rocket Pool team. Rocket Pool, a liquid stake platform similar to Lido DAO, has gained more attention, especially after Shapella. Coinbase Ventures, the investment arm of Coinbase exchange, stated the following:
“Exciting news to share: Coinbase Ventures recently made a strategic investment by purchasing RPL tokens from the Rocket Pool team. We have had the opportunity to get to know Dave and Darren over the past year and have deep admiration for their commitment to building one of the largest, decentralized stake networks for over six years. Rocket Pool is a leading liquid stake network on Ethereum, allowing users to stake ETH while maintaining liquidity. With an emphasis on decentralization, Rocket Pool currently has over 780,000 ETH staked and over 3,100 node operators. We are honored to support Rocket Pool’s long-term growth and look forward to engaging and contributing to the Rocket Pool community in the coming years.”
Following the news, the price of the altcoin rapidly increased.
