Cryptocurrency traders are actively taking advantage of early investment opportunities in lesser-known altcoins to gain profits from exchange listings. As they witness the substantial effects of listing announcements on price charts, many are quick to sell, securing gains that can reach up to 100%. Recently, Coinbase indicated it would soon list three altcoins, sparking curiosity about which cryptocurrencies will make notable gains from these listings.
Which Altcoins Are Getting Listed Soon?
How Do Listings Impact Price Movements?
As a leading U.S. exchange by trading volume, Coinbase plays a crucial role in price fluctuations through its listing updates. The added liquidity from these listings, combined with the regulated environment for U.S. traders, amplifies the effect of Coinbase’s announcements on altcoin valuations.
The recent announcement revealed that AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3) are set to join Coinbase’s listing roadmap. There are three potential outcomes regarding these altcoin listings:
- Listings may be announced within hours or days.
- There might be a delay of weeks before an official announcement.
- Alternative scenarios could involve the removal of these coins from the roadmap, leading to unsuccessful listings.
Coinbase has recently treated the announcement of altcoin listings as a routine decision. However, while it aims to manage abrupt price volatility by releasing the roadmap ahead of the listings, this premature disclosure often incites significant price fluctuations.
The price of ALT surged nearly 20%, while Pendle climbed by 12%, and Layer3 achieved a remarkable 35% increase.
