As a seasoned researcher with years of experience in the cryptocurrency market, I find Coinbase’s recent announcement to integrate Zetachain (ZETA) and Across Protocol (ACX) into its listing roadmap quite intriguing. Having witnessed numerous ups and downs in this dynamic market, it is always refreshing to see exchanges like Coinbase expanding their offerings to include innovative digital assets that aim to solve pressing issues within the crypto space, such as interoperability.
According to recent reports, American cryptocurrency exchange Coinbase has disclosed its intentions to add two new assets (ZETA and ACX) to its listing schedule. This information was made public through a post shared on their platform over the weekend, as they aim to increase the variety of offerings available on their platform and make it easier for users to access cutting-edge digital currencies.
To begin with this week, the crypto market was unsettlingly low. Nonetheless, it has bounced back somewhat, recouping some of its initial losses. Notably, Bitcoin has broken through the $60,000 psychologically significant level.
Coinbase Scopes Out Zetachain (ZETA) and Across Protocol (ACX)
Despite the market’s instability, cryptocurrency platforms are consistently revising their token offerings. They remove questionable assets that may pose risks and incorporate those they have a high level of trust in.
It seems that Coinbase’s decision to include Zetachain (ZETA) on its upcoming listings was based on careful consideration and examination of the token over a period of time, followed by standard checks to ensure it meets their requirements before officially adding it to their platform.
In my role as a researcher, I’m particularly fascinated by Zetachain, a Layer 1 blockchain solution. One of the key challenges we face within the crypto sphere that this technology aims to address is interoperability. As you might know, conventional blockchains tend to function independently, which can lead to communication and transactional hurdles between different networks. Zetachain seeks to bridge these gaps.
But, Zetachain boasts a sturdy structure that enables extensive cross-chain communications, piquing one of Coinbase’s interests. Moreover, a key aspect of its operation is its sophisticated smart contract platform. These features not only make it easier for ZETA to handle transactions across multiple blockchain networks, but also enhance the effectiveness and user-friendliness of applications built on blockchain technology.
In a similar vein, Across Protocol (ACX) joins the fray with its unique approach for handling cross-chain transactions. It functions using an Optimistic Rollup system, providing a robust, high-speed bridge aimed at making transferring data affordably and securely between various blockchain networks possible.
Efficiently scaling blockchain functions is what Optimistic Rollups are renowned for, achieving this by boosting transaction speed without compromising on response time or cost. In the realm of decentralized finance (DeFi), Across Protocol proves to be a beneficial tool, enhancing liquidity and streamlining operations within the DeFi ecosystem.
Generally speaking, these new inclusions seem well-suited for being included in the Coinbase exchange.
Surge of Surges
Coinbase’s announcement has led to an almost instantaneous rally in the respective token prices.
In brief, the value of ZETA has significantly risen from $0.44 to $0.53. Currently, it’s being traded at $0.5368, an increase of over 23.04% within the last day. Notably, there has been a substantial surge in trading volume for ZETA, with a jump of nearly 255.79%, indicating a rapidly growing interest from investors and traders in this token.
The cost of ACX coin has begun to ascend too. This cryptocurrency surged from its daily low of $0.32 to reach $0.3751. At the moment, however, it’s being traded at $0.3646, marking an increase of more than 13% for the day. Additionally, ACX’s trading volume has skyrocketed by approximately 273%.
Read More
Sorry. No data so far.
2024-08-09 15:45