The prices of four altcoins surged by double digits following their debut on leading cryptocurrency exchange Coinbase Pro.
Within 24 hours of the listings, IoTex (IOTX), Tribe (TRIBE), Orion Protocol (ORN) and Quickswap (QUICK) rallied as much as 20% to 75%.
Coinbase Pro says that the four dollar-paired tokens are now in ‘full-trading mode’ on its platform.
IoTex is a platform whose goal is to link Internet of Things (IoT) devices and decentralized applications while TRIBE is the governance token of the Fei Protocol. Orion Protocol is a decentralized finance (DeFi) platform while Quickswap is a decentralized exchange (DEX).
“Our IOTX- USD, IOTX-USDT, IOTX-EUR, ORN-USD, ORN-USDT & TRIBE-USD order books are now in full-trading mode. Limit, market and stop orders are all now available.”
According to CoinGecko, IOTX surged by 75% after recording a low of $0.080744 and a high of $0.141670 within a 24-hour period.
ORN rose by 25% after reaching a low of $9.11 and a high of $11.43 in a day.
QUICK appreciated by 20% after hitting a 24-hour low and high of $580.94 and $694.53 respectively.
TRIBE recorded the lowest gain among the four after appreciating by approximately 19%. The governance token recorded a 24-hour low and high of $0.709872 and $0.842668 respectively.
The centralized cryptocurrency exchange says it started accepting inbound transfers of the tokens on August 10th. The four are not yet available on Coinbase.com or the exchange’s mobile apps.
In the first week of August Coinbase added support for two altcoins, which also surged after their listings. These were the payments token Alchemy Pay (ACH) and the native token of blockchain gaming platform and non-fungible token (NFT) marketplace PlayDapp (PLA).
In the past 24 hours, IOTX is up 26.54% at $0.1177, TRIBE is down 18.84% at $0.6795, ORN is down 12.86% at $8.78 and QUICK is down 13.45% at $547.97, according to CoinMarketCap.
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