BCGAME - Free 5BTC Daily Bonus!- GIGA grows 39% after listing on Coinbase.
- Magic Eden (ME) strengthens NFT marketplace on Solana.
- Community powered TURBO and GPT-4.
Coinbase, a leading cryptocurrency exchange in the United States, has taken another strategic step to diversify its portfolio by adding three new digital tokens to its catalog. The initiative includes the memecoin Gigachad (GIGA), the utility token Magic Eden (ME) and the innovative memecoin Turbo (TURBO), strengthening its position in the altcoin market.
Coinbase will add support for Gigachad (GIGA) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 10, 2024
The initial spotlight is on Gigachad (GIGA), a memecoin based on the Solana blockchain that gained popularity due to its association with the iconic photo series of Russian bodybuilder Ernest Khalimov. Following its listing on Coinbase, GIGA saw an impressive 39% increase in value, jumping from $0,04911 to $0,06844. Currently, with a market cap of $657,9 million, Gigachad ranks 183rd in the global cryptocurrency rankings. This growth reflects the community’s interest in memecoins with strong cultural and social appeal.
Another token that has gained traction on Coinbase is Magic Eden (ME), a cryptocurrency tied to the popular NFT marketplace based on the Solana blockchain. ME allows users to list and trade NFTs directly on the platform, rewarding them with tokens for their transactions. Despite a slight drop of 12% in the last 24 hours, the token is trading at $5,15, with a market cap of $673,5 million, ranking it as the 178th largest crypto asset in the market.
Finally, Coinbase added Turbo (TURBO), a memecoin built on the Ethereum blockchain and powered by GPT-4 artificial intelligence. Inspired by a frog character, Turbo has been met with enthusiasm by the investing community, who describe it as “a symbol of community-driven power and potential.” Since its debut on Coinbase, TURBO has seen a 30,3% growth, reaching a price of $0,01338 and a market cap of $923,8 million, ranking as the 146th largest crypto project.
Coinbase’s aggressive expansion into the memecoin and altcoin market reflects a broader trend in the sector. Major exchanges like Binance have been investing in the listing of promising tokens, fueling bullish cycles for projects of all sizes. Recently, tokens like Peanut The Squirrel (PNUT) have also been gaining prominence with massive investments from major players, suggesting a potential rise scenario for other memecoins.
With these new launches, Coinbase aligns itself with the growing demand for memecoins and utility tokens, solidifying itself as a major player in the global cryptocurrency market.
