DEGEN surges 160% after Coinbase provides token to itemizing roadmap

• Degen rose by greater than 160% in 24 hours after Coinbase introduced buying and selling assist for the Base token.
• io.web token may even listing on Coinbase, however its worth 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 aspects, the meme coin’s worth 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, will probably 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. Massive because of the Degen and Base fam for sticking with us. Let’s maintain 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 forestall front-running, with solely belongings 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 consumer base, the mission has more and more attracted recent curiosity amid rising developer exercise and content material creation.

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

Coinbase to additionally listing io.web

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

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

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

IO worth hovered round $1.78.