Unveiling 3 Promising Altcoins Priced Below 1 Expected to Surge on Coinbase
Bitcoin has surged to a new record high in 2024, leaving altcoins struggling to keep up. However, in a surprising turn of events, meme coins have stolen the limelight, bringing in substantial profits for investors. Despite this, there are three altcoins that could potentially see a boost with the help of Coinbase. Interestingly, two of these tokens are currently priced at less than 50 cents.
One of these altcoins is Blast, which was recently added to Coinbase for spot trading with USD pairs as an experimental move. Blast conducted an airdrop, distributing 17% of its supply to early users. The project has set aside 50% of its total supply for the community. Following the first phase of the airdrop, Blast achieved a valuation of $3 billion in just 13 days. Over the past 24 hours, Blast’s trading volume has reached $135 million, marking a 25.51% increase in the same period. Despite trading below its listing price due to market conditions, Blast is available to investors at a 50% discount, currently priced at $0.145.
Another altcoin to watch is Zksync, an L2 protocol built on the Ethereum blockchain. Leveraging zero-knowledge technology, Zksync aims to enhance Ethereum’s scalability. Similar to Blast, this token is also priced below $1, currently trading at $0.1484 with a market cap of $545 million. Zksync’s price is currently below the 20, 50, and 100 moving averages, but the rising RSI suggests that the token is gradually gaining strength.
The third altcoin on the list is Layer Zero (ZRO), currently trading at $3.78. Despite a 7.05% decrease in the past 24 hours, Layer Zero’s market cap stands at $470 million, down from $1.05 billion last month. Layer Zero is used for message passing across different blockchains and supports smart contract capabilities. Despite prevailing market conditions, Layer Zero is showing signs of growth, with both its price and RSI increasing, indicating a strong position.
Exciting news awaits these altcoins, as Coinbase recently announced their upcoming perpetual listing. Starting from July 11, 2024, at 9:30 AM UTC, these tokens will be available for futures trading on Coinbase, granting over 10 million active users access to them. Such a listing on a major exchange like Coinbase brings increased liquidity, visibility, and accessibility, thus driving up demand for these tokens.
In conclusion, while Bitcoin continues to soar to new heights, meme coins have emerged as the stars of the altcoin market. However, altcoins like Blast, Zksync, and Layer Zero show promising potential with the support of Coinbase. With their upcoming perpetual listing, these tokens have the opportunity to gain more traction and attract a larger user base.