An Ethereum Altcoin Soars 106% After Coinbase Boost

A small-cap altcoin project based on Ethereum is rising after Coinbase gave it a sudden boost. The crypto giant says that it will add Threshold (T) to its list of coins it plans to list.

The announcement means that Coinbase may soon add the coin to its global exchange.

Last year, Coinbase opened its listing roadmap to make it less probable that insiders will learn about future listings before they become public.

T’s price rose from $0.0245 to $0.0507 immediately after the news. This is a 106% rise.

The people who work on Threshold say they are building a set of crypto services. It will give users more control over their data on the blockchain.

One of its first projects is a decentralized bridge that will let Bitcoin owners use the pegged asset tBTC to move their Bitcoin onto the Ethereum network.

Coinbase says that it is also adding the decentralized music streaming service Audius (AUDIO) to its listing roadmap.

After that news, the price of AUDIO went up 15%, from a low of $0.1911 to a high of $0.2209.

Even though Coinbase has added both coins to its listing roadmap, neither is guaranteed to be added to the exchange.

They will first have to pass the company’s review process. Which is run by the Digital Asset Listing Group, an internal committee.

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