Coinbase Adds Gigachad (GIGA) and Turbo (TURBO) to Listing Roadmap Resulting in Huge Gains

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As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by the latest developments in this ever-evolving market. Coinbase Global Inc.’s strategic move to list memecoins such as PepeGA, DOGE, and others is a testament to the growing influence of community-backed digital assets.

As a crypto investor, I’m closely watching Bitcoin as it faces increasing competition from rising altcoins. Companies like Coinbase Global Inc. (NASDAQ: COIN) are seizing this opportunity by listing popular memecoins across various blockchains. These strategic moves have significantly increased the exchange’s trading volumes, making me wonder about Bitcoin’s position in the long run. Right now, Bitcoin stands at $95,292 with a 24-hour volatility of just 0.4%. Its market capitalization is impressive at $1.88 trillion, and its 24-hour volume is an impressive $86.32 billion. But I can’t help but feel that the altcoins are gaining steam, potentially challenging Bitcoin’s dominance in the crypto space.

According to Coinspeaker, Coinbase Global has added several new coins to its platform, including the frog-themed PEPE, dog-themed FLOKI, and Dogwifhat (WIF). The market caps for these cryptocurrencies are $8.61 billion for PEPE, $2.20 billion for FLOKI, and $3.14 billion for WIF. The 24-hour volatility for PEPE and FLOKI is 5.0%, while it’s only 2.3% for WIF. Additionally, Coinbase has listed Moo Deng (MOODENG), with a market cap of $523.35 million and a 0.1% 24-hour volatility. The exchange is optimistic about the potential support from the upcoming Trump administration, which has expressed favorable sentiments towards the crypto industry.

Coinbase to List Turbo and GIGA

This morning, Coinbase revealed plans to list Ethereum and Turbo soon. Since the announcement, Turbo’s price has increased by more than 15% within the past 24 hours, reaching approximately $0.0085 in the New York trading session today. Here are some key details about both assets:

A low-market-cap meme token, worth approximately $578 million and trading over $287 million daily, experienced a massive 50x increase over the past year after being listed on Binance Holdings. As per blockchain analytics, TURBO now boasts over 44,000 owners and has locked around $590,000 in WETH within DeFi liquidity.

The TURBO token has become well-known because it’s developed by the artificial intelligence (AI) of OpenAI’s ChatGPT-4. This community-supported memecoin is now available for trading on over 110 cryptocurrency exchanges, such as KuCoin, Kraken, Crypto.com, OKX, and many more.

Option A: Coinbase unveiled plans to list Gigachad in the coming days, according to their latest announcement. This Solana-centric meme coin, valued at approximately $510 million and boasting a daily trading volume of over $42 million, saw a 37% increase in value to around $0.051 following the Coinbase revelation.

Boasting over $6.8 million in secure assets, GIGA has amassed a community of over 54,000 on-chain investors. Over the past day, there have been approximately 11,700 purchases of the GIGA token compared to 8,700 sellers.

The upcoming addition to Coinbase might bring increased attention to GIGA, possibly leading to a future listing on Binance as well.

Bigger Picture

The eagerly awaited surge in Dogecoin‘s price, currently trading at $0.41 with a 24-hour volatility of 0.7%, could mark the beginning of the next wave of meme coins. This surge is attributed to the success of pro-crypto figures like President-elect Donald Trump, who has been backed by Elon Musk, the influential supporter of Dogecoin, a dog-themed memecoin.

Furthermore, it appears that the trend in cryptocurrency exchange is currently leaning towards utility-focused altcoins such as XRP, Tron (TRX), and Binance Coin (BNB). At present, the market capitalization of meme coins has surpassed $130 billion, with a daily average trading volume exceeding $27 billion.

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2024-12-04 20:42