Two Small-Cap Altcoins Soar As Coinbase Announces Support on Top Crypto Exchange

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Two crypto assets are seeing significant price increases after a big announcement from Coinbase.

The US-based crypto exchange says it’s launching support for Rarible (RARI) on its professional trading platform.

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RARI is the Ethereum-based governance token of non-fungible token (NFT) marketplace and issuance platform Rarible.

As word of the coin’s addition spread, the price of RARI surged from a 24-hour low of $19.59 to as high as $28.59 according to CoinGecko – a massive 46% increase.

<img data-attachment-id="168733" data-permalink="https://dailyhodl.com/2021/10/14/two-small-cap-altcoins-soar-as-coinbase-announces-support-on-top-crypto-exchange/dsaid798ad/" data-orig-file="https://i2.wp.com/dailyhodl.com/wp-content/uploads/2021/10/dsaid798ad.png?fit=1527%2C1187&ssl=1" data-orig-size="1527,1187" data-comments-opened="0" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="dsaid798ad" data-image-description data-image-caption="

Source: CoinGecko

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Source: CoinGecko

Coinbase says it’s also listing BadgerDao (BADGER) on Coinbase Pro.

BADGER is the Ethereum-based governance token that powers the BADGER decentralized autonomous organization (DAO), which aims to tokenize Bitcoin (BTC) for use on decentralized finance (DeFi) protocols.

The altcoin’s price spiked 19% as news of the new addition spread, rising from a 24-hour low of $32.50 to as high as $38.66 according to CoinGecko.

<img data-attachment-id="168727" data-permalink="https://dailyhodl.com/2021/10/14/two-small-cap-altcoins-soar-as-coinbase-announces-support-on-top-crypto-exchange/uds8sdds/" data-orig-file="https://i0.wp.com/dailyhodl.com/wp-content/uploads/2021/10/uds8SDds.png?fit=1527%2C1187&ssl=1" data-orig-size="1527,1187" data-comments-opened="0" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="uds8SDds" data-image-description data-image-caption="

Source: CoinGecko

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Source: CoinGecko

Both RARI and BADGER will initially be paired with the US dollar, the euro and the Tether stablecoin (USDT) for trading.

Coinbase has added support to dozens of cryptos this year and now boasts of over 100 crypto assets across all or some of its platforms.

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Just this month, Coinbase has launched support for Function X (FX), a governance token for a cross-chain platform, and Jasmy (JASMY), a token focused on using blockchain technology in building a decentralized Internet of Things (IoT) platform.

Other crypto assets added to the Coinbase platform in October include wrapped Bitcoin (tBTC) and wrapped Centrifuge (WFCG). Centrifuge (CFG) is the native asset of the Centrifuge Chain, which exists on the Polkadot blockchain for governance and staking purposes.

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Featured Image: Shutterstock/Aleksandra Sova

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