Three Altcoins That Could Pump With the Help of Coinbase

Bitcoin reached a new all time high in 2024. However, as always, altcoins didn’t quite keep up. This time, meme coins stole the spotlight.

Three Altcoins Primed to Pump as Coinbase Set to List Tokens for Perpetual Trading

After adding Blast (BLST) for spot trading with USD pairs as an experiment just 12 days ago, Coinbase is now preparing to list three tokens for perpetual trading, offering another avenue for investors to capitalize on price movements.

Blast, Zksync (ZKS), and Layer Zero (ZRO) are the three tokens that will be made available for futures trading on Coinbase. Here's a closer look at each token and its recent performance.

Blast (BLST)

The addition of Blast for spot trading was a significant development, especially considering that the token's community is allocated a substantial 50% of the total supply.

After Phase 1 of the airdrop, which saw users receive varying amounts of BLST tokens based on their activity, the project attained a $3 billion valuation.

With a circulating supply of 15.1 billion tokens and a current price of $0.145, as per data from CoinMarketCap, Blast is available to investors at a 50% discount from its listing price.

Over the past 24 hours, BLST has seen a rise of 25.51% in trading volume, which currently stands at $135 million. However, due to market conditions, the token is currently trading at a price lower than the listing price.

Zksync (ZKS)

As an L2 protocol that leverages zero-knowledge technology to enhance Ethereum's throughput, Zksync is another token that's currently priced below $1.

At the time of writing, ZKS is valued at $0.1484, with a market cap of $545 million. The token's price has dropped significantly from its all-time high of $1.2 earlier this year.

A glance at the technical indicators reveals that Zksync token is trading below the 20-, 50-, and 100-day moving averages. However, the Relative Strength Index (RSI) is showing a continuous increase, indicating that the token is gradually building strength.

Layer Zero (ZRO)

The third token on the list, Layer Zero, is currently available for trading at a price of $3.78. Over the past 24 hours, ZRO has experienced a decline of 7.05%.

With a current market cap of $470 million, ZRO's price has seen a substantial decrease from last month, when it was valued at $7.

Designed for message passing across various blockchains, Layer Zero is capable of integrating with any blockchain that can support smart contracts. Despite the current market conditions, Layer Zero is among the tokens that have shown resilience.

Both the price and RSI are indicating a strong trend for this token, making it one to watch.

The upcoming perpetual listing of these three tokens is sure to generate excitement among Coinbase users. With the addition of futures trading, these tokens will gain increased liquidity, visibility, and accessibility, ultimately impacting their demand.