• Degen rose by greater than 160% in 24 hours after Coinbase introduced buying and selling help for the Base token.
• io.web token will even record on Coinbase, however its price fell amid a crypto downturn on geopolitical occasions.

Degen (DEGEN) rose sharply after US-based cryptocurrency change Coinbase introduced it had added DEGEN to its itemizing roadmap.

Per market knowledge on CoinGecko, DEGEN skyrocketed from lows of $0.004 to close $0.012 after the information. By way of 24-hour positive factors, the meme coin’s price spiked greater than 160%, pushing the Degen token’s worth to ranges final seen in June this 12 months.

DEGEN to record on Coinbase

Degen, a group token and blockchain for the decentralised social platform Farcaster, might be added to Coinbase for spot buying and selling.

GM Degens! Enormous information—$DEGEN is getting listed on Coinbase Spot buying and selling, changing into the 4th @base token. This journey’s been wild, and we’ve acquired lots forward. Massive because of the Degen and Base fam for sticking with us. Let’s hold constructing! https://t.co/m9j1FcTYMs

— Degen 🎩 (@degentokenbase) October 1, 2024

Coinbase unveiled its itemizing roadmap in July 2022, noting the transfer to be a manner of making certain transparency. The change additionally makes use of this to forestall front-running, with solely belongings Coinbase has determined to record now added to the roadmap.

Degen launched as a reward token for the group on Farcaster.

Whereas its adoption as a meme coin helped create a robust consumer base, the mission has more and more attracted recent curiosity amid rising developer exercise and content material creation.

The DEGEN token presently trades on platforms resembling OKX, Bybit, KuCoin and Gate.io amongst others. Its price has elevated by greater than 330% over the previous 30 days. Nonetheless, it stays considerably off its all-time excessive above $0.064 reached in March 2024.

Coinbase to additionally record io.web

io.web (IO) is the opposite token that Coinbase has introduced buying and selling help for with its addition to the roadmap. Nonetheless, whereas DEGEN rose sharply, IO traded decrease alongside different cryptocurrencies amid the geopolitical uncertainty within the Center East.

The io.web is a decentralised AI computing platform constructed on Solana.

Whereas the IO price is down 14% prior to now 24 hours, it’s largely bullish after rallying over the previous month. Presently, its price is over 25% greater prior to now 30 days, with a lot of the positive factors coming in late September after io.web introduced a partnership with Phala Community.

IO price hovered round $1.78.