A memecoin constructed on the Ethereum (ETH) layer-2 scaling resolution Base is up practically 128% prior to now 24 hours after being added to Coinbase’s itemizing roadmap.
Degen (DEGEN) is buying and selling at $0.009 at time of writing, up from round $0.004 sooner or later in the past.
The memecoin, which launched on Base in January, serves as a reward token for Farcaster, a blockchain protocol for constructing social networks. The challenge aims to offer customers of Farcaster’s ecosystem the power to reward these “posting high quality content material” and bridge “the hole between on-line contributions and real-world worth.”
Coinbase additionally added the Solana (SOL)-based altcoin io.internet (IO) to its itemizing roadmap, which places tokens on the potential path in direction of buying and selling on the highest US crypto trade.
Io.internet is a decentralized AI computing community that goals to permit machine studying engineers to entry distributed cloud clusters at a decrease price. The intent is to handle the challenges of conventional cloud service suppliers which have insufficient capability, creating issues equivalent to excessive prices and longer wait occasions to entry {hardware} with cloud companies.
Not like DEGEN, IO didn’t witness any positive aspects: the 299th-ranked crypto asset by market cap is down 0.6% prior to now 24 hours and greater than 17% prior to now week. The token is buying and selling at $1.75 at time of writing.
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