Coinbase Announces Support for Three Ethereum (ETH) Altcoins: Is This the Beginning of a New Crypto Bull Run? | Crypto

Coinbase Announces Support for Three Ethereum (ETH) Altcoins: Is This the Beginning of a New Crypto Bull Run?

-Crypto exchange Coinbase has announced support for three Ethereum (ETH)-based altcoins as the digital asset market faces ongoing downward pressure.

-According to an announcement from Coinbase, it is adding decentralized exchange (DEX) protocol Injective (INJ), retail business-focused Pundi X (PUNDIX), and non-fungible token (NFT) platform XMON (XMON) to its trading roster once ideal liquidity conditions are met.

-All three crypto assets were included in Coinbases latest update to its listing roadmap earlier this month, which it created as a way to increase transparency and eliminate the potential for insider trading.

-INJ managed a 9.42% rally before dipping back down, and is now priced at $1.55 with a market cap of $121 million. PUNDIX ignited a hefty 30% rally from $0.46 up to $0.60, and is now changing hands for $0.53 with a market cap of $138 million, while XMON traded mostly flat, jumping about 3% before correcting.

-Last month, Coinbase CEO Brian Armstrong said that the exchanges ultimate goal was to list as many crypto assets as possible, as long as they meet certain criteria for security and legitimacy.

coinbase support three sparking Coinbase Announces Support for Three Ethereum (ETH) Altcoins: Is This the Beginning of a New Crypto Bull Run?

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