Crypto Giant Coinbase Lists Three Low-Cap Altcoins, Spurring Major Price Volatility

A trio of altcoins are riding the valuation roller coaster after a surprise listing by top US crypto exchange Coinbase.

In a new tweet, Coinbase says that the three low-cap digital assets will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Quantstamp (QSP) is a blockchain security protocol that services a variety of crypto niches including non-fungible tokens (NFTs) and decentralized finance (DeFi).

According to the project website,

“Quantstamp’s mission is to secure the decentralized internet and has protected over $200 billion in digital asset risk from hackers.

More than 200 startups, foundations and enterprises work with Quantstamp to keep their innovative products safe.”

News of the Coinbase listing initially sent Quantstamp vertical from $0.059 to $0.087. After some choppy price action, QSP is up 38.84% today to $0.079.

Also getting the green light from Coinbase is Render Token (RNDR), which connects people in need of graphics processing with those whose units (GPUs) are idle.

As the company website explains,

“Hardware limitations should not be what keeps you from being a part of the new digital renaissance.

Render puts the power of GPU rendering at your fingertips, at a fraction of the cost and speed of in-house rendering.”

Render Token initially spiked 14.3% from $3.56 to $4.07 but has since fallen to $3.22. RNDR is down 5.65% on the day.

Last on the list is layer-2 Ethereum scaling solution Aventus (AVT), whose advantages include low costs, interoperability, and enterprise-grade capabilities.

Regarding real-world use cases, the project says,

“The network lets organizations ranging from NFTs and supply chain coordinators to customer rewards schemes and live entertainment companies easily develop and implement efficient, highly secure, and future-proof blockchain solutions.”

The Coinbase news first sent Aventus soaring from $3.23 to $4.15 in back-to-back spurts, but the altcoin has since corrected. After a seesaw battle of price action, AVT is down 1.65% on the day and trading for $3.40.

Coinbase says that each token will be available to trade paired with USD and USDT.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/denisgo/Sensvector