DEGEN surges 160% after Coinbase adds token to listing roadmap

• Degen rose by greater than 160% in 24 hours after Coinbase introduced buying and selling help for the Base token.
• io.internet token will even listing on Coinbase, however its value fell amid a crypto downturn on geopolitical occasions.

Degen (DEGEN) rose sharply after US-based cryptocurrency trade Coinbase introduced it had added DEGEN to its itemizing roadmap.

Per market knowledge on CoinGecko, DEGEN skyrocketed from lows of $0.004 to close $0.012 after the information. By way of 24-hour positive factors, the meme coin’s value spiked greater than 160%, pushing the Degen token’s worth to ranges final seen in June this yr.

DEGEN to listing on Coinbase

Degen, a group token and blockchain for the decentralised social platform Farcaster, shall be added to Coinbase for spot buying and selling.

GM Degens! Enormous information—$DEGEN is getting listed on Coinbase Spot buying and selling, changing into the 4th @base token. This journey’s been wild, and we’ve acquired a lot forward. Large because of the Degen and Base fam for sticking with us. Let’s preserve constructing! https://t.co/m9j1FcTYMs

— Degen 🎩 (@degentokenbase) October 1, 2024

Coinbase unveiled its itemizing roadmap in July 2022, noting the transfer to be a method of guaranteeing transparency. The trade additionally makes use of this to stop front-running, with solely property Coinbase has determined to listing now added to the roadmap.

Degen launched as a reward token for the group on Farcaster.

Whereas its adoption as a meme coin helped create a powerful person base, the undertaking has more and more attracted contemporary curiosity amid rising developer exercise and content material creation.

The DEGEN token presently trades on platforms corresponding to OKX, Bybit, KuCoin and Gate.io amongst others. Its value has elevated by greater than 330% over the previous 30 days. Nevertheless, it stays considerably off its all-time excessive above $0.064 reached in March 2024.

Coinbase to additionally listing io.internet

io.internet (IO) is the opposite token that Coinbase has introduced buying and selling help for with its addition to the roadmap. Nevertheless, whereas DEGEN rose sharply, IO traded decrease alongside different cryptocurrencies amid the geopolitical uncertainty within the Center East.

The io.internet is a decentralised AI computing platform constructed on Solana.

Whereas the IO value is down 14% previously 24 hours, it’s largely bullish after rallying over the previous month. At the moment, its value is over 25% increased previously 30 days, with many of the positive factors coming in late September after io.internet introduced a partnership with Phala Community.

IO value hovered round $1.78.