Two Low-Cap Altcoins Surge 50% or More After Surprise Coinbase Listings

Two altcoins are surging by double digits after receiving support from Coinbase.

The native token of the PlayDapp (PLA) blockchain gaming platform and non-fungible token (NFT) marketplace, as well as payments token Alchemy Pay (ACH), are launching on Coinbase Pro.

PLA has rallied by more than 50% over the past 24 hours while ACH has jumped by around 70% over the same period, according to CoinGecko.

Coinbase Pro started accepting inbound transfers of the two tokens on August 2nd and recently allowed restricted trading. Currently, the ACH-USD pair is under no-restrictions trading after meeting Coinbase’s ‘assessment for a healthy and orderly market’.

“Our ACH-USD order book is now in full-trading mode. Limit, market and stop orders are all now available.”

As of August 4th, however, the PLA-USD pair remained in limit-only mode.

“Our PLA-USD order book will now enter limit-only mode. Limit orders can be placed and cancelled, and matches may occur. Market orders cannot be submitted. The order book will remain in limit-only mode for a minimum of 10 mins.”

Coinbase also added the Rai Reflex Index (RAI) stablecoin. However, it is also limited to Coinbase Pro and is yet to be unveiled on other Coinbase platforms.

“ACH, PLA and RAI are not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.”