BIO and EUL Rally as Coinbase Sparks Investor Frenzy
One of the top cryptocurrency exchanges, Coinbase, has announced that Bio Protocol (BIO) and Euler (EUL) will now be included in its asset listing roadmap. Both assets have seen huge price gains as a result of the announcement, which was publicized on X and caused considerable market reactions.
Users were informed by the exchange that market-making support and adequate technological infrastructure are still required before trading for BIO and EUL can begin. As is customary to control expectations and reduce user risks, Coinbase will make a separate notification as soon as these requirements are satisfied.
BIO and EUL Prices React Sharply to Coinbase Listing News
In the meantime, the news instantly caused BIO, an Ethereum-based ERC-20 token, to soar in value. The price of the token increased by 1.12%, from $0.0612 to $0.06885. The upward trend persisted.
The initial surge for EUL, another ERC-20 coin, was even more pronounced. The token’s value rapidly increased after the announcement, rising from $13.51 to $16.50. This represented a 22.22% increase. But EUL soon lost most of its gains, leveling off at $13.93 at the time of writing, a slight increase of 2.62%. This development is in line with a pattern where major price fluctuations are driven by Coinbase roadmap announcements.
Coinbase Adds 5 New Tokens to Its Roadmap, But Will They All Be Listed?
Coinbase added BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX) to its roadmap last week. In this regard, comparable market responses were noted. The exchange notably listed MPLX and JITOSOL soon after. The BNKR trade, however, has not yet been disclosed. Currently, QCAD, BIO, EUL, BNKR, and RSC are included in the roadmap.
This is not an exhaustive list of all assets which we have decided to list. Any asset not referenced in the above lists does not preclude any such asset from potential listing,
Coinbase
The exchange also stressed that there are several reasons why assets could be postponed or taken out of consideration for listing. As a result, the roadmap should not be taken as a promise or assurance of listing.
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