io.net

Solana

Memecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/degen-memecoin-surges-following-coinbase-listing-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DEGEN Memecoin Surges Following Coinbase Listing Announcement</a><br></p>
<p style="text-align: justify">The DEGEN <a href="https://en.coin-turk.com/pump-fun-achieves-record-monthly-revenue/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a>, developed on Ethereum ‘s Layer-2 scaling solution Base, experienced a remarkable price increase of up to 128% in the last 48 hours after being added to Coinbase’s listing roadmap. As of the time of this writing, DEGEN is trading at $0.008605. This rapidly rising <a href="https://en.coin-turk.com/investors-experience-sharp-decline-in-not-token/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> skyrocketed from approximately $0.004 to $0.1 in just 24 hours. Launched in January, DEGEN serves as a reward token for Farcaster.</p>
<h2 id="degen-s-ascendancy">DEGEN’s Ascendancy</h2>
<p style="text-align: justify">DEGEN aims to reward users within the Farcaster ecosystem who share quality content, bridging online contributions with real-world value. This blockchain protocol facilitates the creation of social networks and promotes interactions among users.</p>
<h2 id="integration-with-farcaster-ecosystem">Integration with Farcaster Ecosystem</h2>
<p style="text-align: justify">Coinbase also added the Solana -based io.net (IO) altcoin to its listing plans, which enhances the potential for these altcoins to trade on the leading U.S. cryptocurrency exchange. io.net is a decentralized AI computing network designed to ease the work of machine learning engineers by providing access to distributed cloud clusters at lower costs. However, unlike DEGEN, IO has experienced a 0.6% decline in the last 24 hours, trading at $1.75 with a weekly loss of 17%.</p>
<p style="text-align: justify">The inclusion of DEGEN in Coinbase’s listing roadmap is viewed as a positive signal for memecoins, while io.net holds long-term potential in AI and cloud computing. The performance of altcoins listed on exchanges fluctuates based on the size of the exchange and overall market conditions, suggesting that DEGEN’s short-term gains may increase investor interest.</p>
<p style="text-align: justify">New listings provide cryptocurrency projects with increased visibility and liquidity, but investors must remain cautious about market fluctuations. In the volatile <a href="https://en.coin-turk.com/upbit-adds-tether-to-krw-and-btc-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>, listing decisions by major exchanges like Coinbase can significantly impact the value of altcoins, indicating dynamics that users and investors should monitor closely.</p>
<p style="text-align: justify">While listings promote widespread adoption and reach for projects, market conditions and technical developments can also support value appreciation.</p>
<p>The post <a href="https://en.coin-turk.com/degen-memecoin-surges-following-coinbase-listing-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DEGEN Memecoin Surges Following Coinbase Listing Announcement</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

DEGEN Memecoin Surges Following Coinbase Listing Announcement

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