Ethereum

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-announces-decisions-on-three-cryptocurrencies/" data-wpel-link="internal">Coinbase Announces Decisions on Three Cryptocurrencies</a><br></p>
<p style="text-align: justify">The impact of moves made by <a href="https://en.coin-turk.com/binances-reserve-status-and-challenges-amidst-turbulence/" data-wpel-link="internal">cryptocurrency exchanges</a> on the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> is well-known. Generally, exchanges come into the spotlight with listing and delisting <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a>, which can significantly influence price rises and falls. The effect is even more pronounced with high-volume exchanges. In this context, Coinbase has once again drawn attention with its significant role in the process.</p> 
<h2 style="text-align: justify" id="coinbase-s-decision-on-three-cryptocurrencies">Coinbase’s Decision on Three Cryptocurrencies</h2> 
<p style="text-align: justify">Coinbase, one of the world’s largest cryptocurrency exchanges by volume, continues to be closely watched by the market. A recent tweet from Coinbase once again stirred the market. The announcement from Coinbase was as follows:</p> 
<blockquote> 
 <p>Coinbase International Exchange and Coinbase Advanced will add support for perpetual futures for Curve DAO, Ethereum Name Service, and Constitution DAO. CRV-PERP, ENS-PERP, and PEOPLE-PERP markets will open on or after July 18, 2024, at 9:30 UTC.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-369836" src="https://coin-turk.com/wp-content/uploads/2024/07/coin-base-coin-turk-com.png" alt="" width="1200" height="675"></p> 
<p style="text-align: justify">Coinbase announced the launch of perpetual futures for the high-volume altcoins CRV, ENS, and PEOPLE. However, this move did not seem to create the expected impact on these altcoins, all of which are within the top 200.</p> 
<h2 style="text-align: justify" id="current-status-of-altcoins">Current Status of Altcoins</h2> 
<p style="text-align: justify">Due to the sharp declines in Bitcoin, the usual price movements following Coinbase listing news did not occur, and a drop in the prices of the mentioned altcoins was observed.</p> 
<p style="text-align: justify">First, looking at ENS, which is within the top 100, the price was at $26.36 after a 4.52% drop in the last 24 hours. Additionally, the market cap fell to $838 million, and the 24-hour trading volume dropped by 26%, reaching $162 million.</p> 
<p style="text-align: justify"><strong>Curve DAO</strong> saw a 5.35% decline, with the price trading at $0.2733. The market cap similarly dropped to $326 million. Unlike its competitors, the 24-hour trading volume increased by 39.44%, reaching $89 million.</p> 
<p style="text-align: justify">Lastly, for <strong>PEOPLE</strong>, the price dropped by over 4%, trading at $0.0957. The market cap for PEOPLE was $302 million, while the 24-hour trading volume fell by 5.5%, reaching $145.7 million.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/coinbase-announces-decisions-on-three-cryptocurrencies/" data-wpel-link="internal">Coinbase Announces Decisions on Three Cryptocurrencies</a></h5>

Coinbase Announces Decisions on Three Cryptocurrencies

Table of Contents

COINTURK NEWS

Andre artikler udgivet 11. jul. 2024

AS Roma Fan Token (ASR) and io.net (IO) Crypto Prices Pumping; Here’s Why

Ethereum ETF inflows could hit $10B, sending ETH to new highs — Analyst

Paris Saint Germain Fan Token Engages Fans with Club Decisions

Binance Adds ASTR to Earn Products

Altcoin Opportunities Emerge as Bitcoin Struggles: SOL, AVAX, DOGE, XRP

Majority of Cryptocurrencies Are Non-Securities as per CFTC Chair Behnam

Join our free newsletter for daily crypto updates!