Coinbase Considers Listing Solana-Based Altcoin, Boosting Price Surge
Leading US crypto exchange Coinbase has hinted at the potential listing of a decentralized wireless provider based on the Solana blockchain, resulting in a significant price surge for the network’s native altcoin.
In a recent announcement, Coinbase revealed that it has added Helium Mobile (MOBILE) to its listing roadmap. This indicates that the exchange is considering adding support for this particular digital asset in the near future.
About Helium Mobile and the Helium Ecosystem
MOBILE is part of the larger Helium (HNT) ecosystem, which operates as a decentralized Internet of Things (IoT) network. Its goal is to facilitate communication and data sharing among IoT devices by supporting smart contracts and enterprise applications.
The Helium network rewards participants, including those who set up Helium hotspots, with HNT tokens.
Helium Mobile, which is now available nationwide, allows users to earn rewards and pay for services using MOBILE tokens. The initial version of this phone plan was launched in Miami last year.
The Trading Status and Future Outlook
At the time of writing, MOBILE is trading at $0.00271, reflecting a 6.7% increase in value over the past 24 hours.
Hot Take: Coinbase’s Potential Listing Fuels Price Surge for Solana-Based Altcoin
The announcement by Coinbase regarding its consideration of listing a Solana-based altcoin has triggered a significant spike in its price. This demonstrates how influential Coinbase’s listing decisions can be within the crypto market. If Coinbase ultimately decides to list Helium Mobile (MOBILE), it could provide further validation and exposure to this particular altcoin. As a result, the price surge may continue, attracting more attention from investors and traders. This development highlights the importance of monitoring exchange listings and their impact on the cryptocurrency market.
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