In the ever-changing world of cryptocurrency, unexpected developments always grab attention. This time, Coinbase’s decision to add CoW Protocol (COW) to its roadmap has caught the eye of investors. CoW Protocol, a relatively under-the-radar project with a low market cap and limited visibility on major exchanges, is making waves. Coinbase’s announcement to consider listing COW has caused a stir in the crypto world. Along with this, other notable altcoin listings are also making headlines.
Coinbase Adds CoW Protocol to Its Roadmap
Currently, COW token has a market cap of just $20 million, which is considered low in the crypto space. Despite its low market cap, CoW Protocol, an Ethereum-based DEX token, is gaining attention. Although it is still far from being one of the largest altcoin projects by market cap, being on Coinbase’s radar has raised its profile significantly. This could potentially lead to a surge in value and investor interest in the future.
Why Today Is Critical for CoW Protocol: Key Insights
Looking at CoW Protocol’s supply, an interesting picture emerges. Despite having a maximum supply of 1 billion tokens, only 9% of that supply is currently in circulation. This is a major factor contributing to the token’s low market cap. Once the full supply enters circulation, its fully diluted market cap is estimated to be $267 million, suggesting that CoW Protocol could reach a much larger valuation.
Other Listings: Neiro, Turbo, MCOIN, and Baby Doge Coin
In addition to CoW Protocol, there are other noteworthy listings in the crypto market. For example, the BingX exchange recently listed Neiro (NEIRO), offering a new investment opportunity for traders. NEIRO will trade under the NEIROCTO/USDT pair. Similarly, Tokocrypto has listed Baby Doge Coin (BABYDOGE), Turbo (TURBO), and Neiro (NEIRO), all paired with USDT.
MCOIN also started trading on AscendEX under the MCOIN/USDT pair. Additionally, MEXC Global listed Abey (ABEY) with the ABEY/USDT pair. These new listings are providing investors with more altcoin options to diversify their portfolios. Notably, Baby Doge Coin received attention after a new listing on Binance. To celebrate, the project announced a week-long manual token burn event, a strategy aimed at reducing supply and increasing value.
Binance Adds New “Loanable” Assets
Binance has continued to expand its loan services by adding new altcoins to its loanable assets list. Most recently, Baby Doge Coin (BABYDOGE), Neiro (NEIRO), Polygon (POL), and Turbo (TURBO) were added to Binance Loans (Flexible Interest Rate) and VIP Loan products. These services offer attractive financing opportunities, especially for VIP clients, who can contact the VIP Loan team for more information.
The addition of CoW Protocol to Coinbase’s roadmap, along with several other altcoin listings on major exchanges, is drawing attention in the crypto community. As these assets gain visibility, investors are keeping a close watch on potential growth and trading opportunities. Stay updated on the latest developments by following The Bit Journal for insights on the evolving cryptocurrency market.
