One low-cap layer-1 altcoin that lately rebranded itself is rising after abruptly gaining assist from prime US-based crypto alternate platform Coinbase.
In a brand new announcement, Coinbase Property says that it will likely be including assist for Gravity (G), previously generally known as Galxe, an interoperable Ethereum (ETH)-based good contract platform.
“Buying and selling will start on 13 August 2024 at or round 12PM ET if liquidity circumstances are met. As soon as ample provide of this asset is established buying and selling on our G-USD buying and selling pair will launch in phases.”
Information of the itemizing despatched the digital asset hovering, as G went from a low of $0.0378 earlier within the day to a peak of $0.0411, a achieve of about 8%. G has since stabilized and is buying and selling for $0.0398 at time of writing.
Earlier this month, Coinbase added G to its itemizing roadmap, which was created in 2022 as a method of accelerating transparency and stifling the front-running of property.
G, which had simply rebranded itself in July with the assist of crypto exchanges Binance and Crypto.com, goals to simplify cross-chain transactions by making them safer and environment friendly.
On the time, its builders support the blockchain will make the most of know-how akin to zero-knowledge proofs, new consensus mechanisms, and restaking-powered structure.
Final week, Coinbase additionally added assist for 2 different multichain altcoins – interoperable layer-1 blockchain ZetaChain (ZETACHAIN) and cross-chain bridge Throughout Protocol (AVX) – inflicting each of them to see rises in worth on the time.
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