Solana Altcoins Surge After Coinbase Roadmap Announcement ๐
Two Solana-based altcoins experienced significant price hikes following the announcement that Coinbase might soon list them on its platform. Hereโs what you need to know:
Coinbase Adds Shadow Token and Neon EVM
- Coinbase recently included Shadow Token (SHDW) and Neon EVM (NEON) in its listing roadmap.
- This move indicates that these two tokens could potentially be available for trading on Coinbase in the near future.
Shadow Token (SHDW)
- SHDW is a cryptocurrency designed to enhance decentralized data storage infrastructureโs sustainability and security.
- It serves as the native token for the ShdwDrive network, a platform focusing on high-performance cloud storage.
SHDW Performance:
- Currently ranked 241st by market cap.
- Trading at $2.11 at the time of writing.
- Experienced a more than 53% surge in the past 24 hours.
Neon EVM (NEON)
- NEON is an Ethereum Virtual Machine that facilitates the development and deployment of DApps from EVM chains to Solana.
- NEON functions as the utility token for gas fees and governance within the project.
NEON Performance:
- Currently ranked 527th by market cap.
- Trading at $1.70 at the time of writing.
- Experienced a 21.5% surge in the past 24 hours.
Coinbaseโs Listing Roadmap Strategy
- The listing roadmap was introduced in 2022 to enhance transparency and prevent investors from benefiting from early knowledge of new asset additions.
Hot Take: Will Coinbase Listings Drive Solana Altcoin Surge Even Further? ๐
With the potential addition of SHDW and NEON on Coinbase, the Solana ecosystem could witness increased interest and demand. Keep an eye on these tokens as they continue to make waves in the crypto market.
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