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Crypto Giant Coinbase Abruptly Adds Four Ethereum Tokens, Sparking 296% Altcoin Rally

Crypto Giant Coinbase Abruptly Adds Four Ethereum Tokens, Sparking 296% Altcoin Rally
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A surprising batch of Ethereum-based tokens are heating up after a surprise listing by Coinbase of the largest US crypto exchange.

In a new blog post, Coinbase says that two funding-focused cryptocurrencies and a pair of other crypto assets will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Inverse Finance (INV) is an Ethereum token that offers a suite of banking tools for decentralized finance. Founded in 2020 by a single developer, the project now operates as an independent, decentralized organization with hundreds of active members.

Inverse Finance saw its price rise from $621.82 to $822 after the Coinbase announcement. The altcoin is currently up 22.14% on the day and is trading at $767.61.

Also getting the green light from Coinbase Pro is Liquity (LQTY) decentralized borrowing platform that offers interest-free loans using Ethereum (ETH) as collateral.

Liquity initially rose 62.3% from $5.12 to $8.31 and at the moment LQTY is up 13.25% on the day to $7.91.

Next up is Propy (PRO), a platform that automates real estate transactions to save time and reduce the possibility of fraud. The original code can be used to cover the cost of fees and contracts.

Propy jumped from $1.59 to $2.30 almost immediately after the Coinbase news came out, eventually peaking at $2.61. PRO is currently up 53.14% on the day at $2.45.

Last on the list is Threat Detection and PolySwarm Anti-Malware Project (NCT). The token rewards users who help collect cybersecurity data and insights. PolySwarm’s partners include Alibaba.com, Tylabs, and SecureBrain.

PolySwarm jumped from $0.026 to $0.103 in response to the listing, an increase of 296%.

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Featured Image: Shutterstock / T Studio / Andy Chipus

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