Coinbase Adds EigenLayer (EIGEN) to Its Future Listing Roadmap, Anticipation Builds Around EIGEN's Market Prospects

YEREVAN (CoinChapter.com) — Coinbase has officially added EigenLayer (EIGEN) to its future listing roadmap. This inclusion aims to expand the cryptocurrency

Cryptocurrency exchange Coinbase is planning to add EigenLayer (EIGEN) to its future listings, expanding its portfolio of Ethereum-based assets.

This inclusion comes with anticipation among investors, especially considering how assets like Zetachain (ZETA) and Gravity (G) saw a surge in market price following their addition to Coinbase’s future listings. Now, with EIGEN set for a similar journey, investors are speculating on possible price movements, adjusting their strategies accordingly.

However, Coinbase advises users to wait for the official launch before investing in EIGEN tokens. The exchange categorizes new assets like EIGEN as “Experimental,” highlighting the potential risks and volatility due to their novelty.

Meanwhile, Stakedrop Continues for EigenLayer. The second phase of EigenLayer’s stakedrop began on September 16, 2024, and will continue until March 16, 2025. This staker-driven token distribution event enables participants to secure their EIGEN tokens in preparation for the upcoming listing.

Despite some mixed feedback from the crypto community about the stakerdrop, especially regarding the distribution volume, EigenLayer maintains a strong position in the decentralized finance (DeFi) landscape. It ranks third in terms of Total Value Locked (TVL), boasting an impressive $11.9 billion, trailing only Lido and Aave.

Some analysts, like crypto researcher Ignas, predict that EigenLayer might attain a market cap of around $600 million when it starts trading. Given the total distribution of around 87 million tokens this season, this figure would represent about 5.2% of the total supply. While the pre-market price of EIGEN has been trending downward, the upcoming Coinbase listing could trigger a positive price adjustment.