The Price of Helium Mobile (MOBILE) Surges by 20% After Coinbase Announcement
The value of the cryptocurrency Helium Mobile (MOBILE) experienced a significant surge of nearly 20% following an announcement from Coinbase, one of the leading cryptocurrency exchanges. This price movement demonstrates the potential impact that Coinbase’s interactions can have on the market.
Coinbase Adds Support for Helium Mobile (MOBILE) on Solana Network
Coinbase recently announced that it will be adding support for Helium Mobile (MOBILE) on the Solana network. However, users are advised not to send this asset to other networks as there is a risk of losing their funds.
Coinbase will add support for Helium Mobile (MOBILE) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets jumped by 10% at the end of last month after the firm placed it on its “roadmap” section.
A few months back, the Solana meme coins dogwifhat (WIF) and Bonk Inu (BONK) also took the offensive after the company allowed trading options with them.
The Price Retraces After Initial Surge
Although Helium Mobile (MOBILE) experienced a significant surge in value following Coinbase’s announcement, it was unable to maintain momentum. The price retraced in the hours following the initial surge.
Hot Take: Coinbase’s Impact on Cryptocurrency Prices
It is not uncommon for the price of a cryptocurrency to experience significant movements following announcements from Coinbase. As one of the leading cryptocurrency exchanges, Coinbase has the potential to influence market trends and investor sentiment.
If you are a crypto enthusiast, it is important to stay updated on Coinbase’s interactions and announcements as they can have a notable impact on the value of various cryptocurrencies.
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