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Gravity (G) Rises 7% Amid Coinbase Roadmap Listing Update
Gravity (G) has surged by 7% following Coinbase’s announcement to add the crypto to its listing roadmap. This move has generated significant excitement among investors and could mark a turning point for the crypto’s market performance. Usually, the listing hints or announcements tend to work as positive catalysts, especially for the new and emerging players in the market.
Gravity (G) Gains Traction Amid Coinbase Announcement
Coinbase, one of the leading crypto exchanges, recently unveiled its plan to include Gravity on its roadmap. The announcement read, “Assets added to the roadmap today: Gravity (G).” This decision is part of Coinbase’s broader strategy to enhance its asset offerings and provide users with a diverse range of investment options.
Meanwhile, the detailed report on Coinbase’s asset listing roadmap explains that the exchange has revamped its asset listing process. It has replaced the ‘assets under consideration’ list with a more transparent ‘Roadmap’ section.
This change aims to provide investors with clearer and more timely updates on which assets have been selected for listing, promoting greater confidence and informed decision-making.
However, the crypto exchange has cautioned users that transfers and trading of these assets are not supported until an official listing is announced. Depositing these assets prematurely could result in a permanent loss of funds. This warning underscores the importance of adhering to official announcements and updates.
Meanwhile, the addition of G crypto to the roadmap includes its ERC-20 token contract address, “0x9c7beba8f6ef6643abd725e45a4e8387ef260649”. This inclusion highlights Coinbase’s commitment to expanding its Ethereum-based offerings.
In addition, Coinbase has introduced an Experimental label for newly listed assets, which may apply to Gravity. Notably, this label signifies that the asset is in an initial phase and may carry higher risks and potential rewards.
Also Read: Peter Schiff Warns US Recession & Inflation Spike Ahead
Immediate Market Reaction
The market’s response to Coinbase’s announcement has been swift and positive. Gravity price saw a 7% increase in its value and rose to $0.04548 following the announcement. The surge reflects the investor confidence and anticipation of its potential listing on one of the largest crypto exchanges.
However, the surge was short-lived and the crypto soon came down to $0.04407, indicating the volatile nature of the asset. Meanwhile, by adding the G crypto, Coinbase is indicating its interest in innovative and promising assets. This move could attract more investors to the crypto, boosting its market presence and liquidity.
For investors, the addition of G to Coinbase’s roadmap presents new opportunities. It offers a chance to get involved with a promising asset at an early stage, potentially reaping significant rewards as the asset gains traction.
However, it also carries risks, especially given the Experimental label that may be applied. Having said that, investors should tread cautiously while putting their bets amid the volatile scenario in the market.
Also Read: Morgan Stanley To Offer Bitcoin ETF To Qualified Clients
Rupam Roy
Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Solana’s Frankendancer upgrade, which incorporates elements of the Firedancer validator client, has gone live on the network’s mainnet. Network validator Jump Crypto gave a live demo of this upgrade at the ongoing 2024 Solana Breakpoint conference. This undoubtedly provides a bullish outlook for the SOL price which is already up 9% in the last 24 hours.
Solana Frankendancer Upgrade Goes Live
Jump Crypto showed proof of life of the Frankendancer on the mainnent at the Solana Breakpoint conference. Github data also indicates that the network upgrade is ready for mainnet release, with validators set to adopt the network upgrade. The Solana Frankendancer is a major step in integrating Firedancer, which will rewrite the three functional components of the Solana Labs client.
The network upgrade will ensure that each level is optimized for maximum performance, ensuring that validator clients can operate at full capacity. The upgrade will also help to scale Solana’s bandwidth and hardware. It will also help to “document and standardize the Solana protocol.” Eventually, the aim is to ensure anyone can create a validator by glancing at the documentation without delving into the Rust validator code.
Furthermore, the Solana Frankendancer will also help to increase validator client diversity and improve the ecosystem’s performance. This development comes just days after Solana revealed that the ZK Compression is live on its mainnet.
Meanwhile, Jump’s Chief Science Officer Kevin Bowers mentioned at the Solana Breakpoint that Firedancer, the complete validator client, is running on the testnet. He didn’t state exactly when it will go live on Mainnet.
SOL Price Soars 9%, Rises Above $150
The SOL Price has surged 9% in the last 24 hours. SOL price is back above $150 following the announcement of the Solana Frankendancer upgrade. The coin’s trading volume is also up by over 8%, with over $3 million traded in the last 24 hours.
This news undoubtedly provides a bullish outlook for SOL, which has stood out as one of the biggest gainers following the crypto market recovery.
It is worth mentioning that asset manager Franklin Templeton had previously highlighted that the Firedancer upgrade would solve the network issues that Solana has faced, including downtime. In line with this, they expect SOL to rank as a top 3 crypto asset alongside Bitcoin and Ethereum. SOL is currently ranked as the fifth-largest cryptocurrency by market cap.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Solana’s Jupiter exchange has announced the acquisition of SolanaFM and Coinhall at the ongoing 2024 Solana Breakpoint conference. The decentralized exchange (DEX) also announced the imminent launch of its Jupiter Mobile, which will help easily onboard millions of users into the Solana ecosystem.
Jupiter Exchange Acquires SolanaFM And CoinHall
The decentralized exchange has acquired the native Solana data explorer, SolanaFM. The DEX aims to use this move to increase its data and infrastructure capabilities, providing its users with real-time information. DappRadar data shows Jupiter is one of the largest decentralized trading platforms on Solana, and this move is expected to help increase its market dominance.
Jupiter has also acquired Coinhall, a leading aggregator on the Cosmos Chain. Coinhall will integrate its Solana integration into the exchange’s products as part of the acquisition. The aggregator will bring its expertise in “pro-trading terminals, real-time infrastructure, and cross-chain” to the Solana DEX.
Furthermore, the decentralized exchange and Coinhall have collaborated to launch the Ape’s Pro trading terminal, focusing on meme coin trading. The platform will feature real-time streaming of new tokens, data, and charts for traders. Traders will also enjoy “superior transaction execution through dynamic Jito fees and MEV protection.”
The Solana DEX also plans to launch the Jupiter Mobile soon to onboard millions of users into the Solana ecosystem. The platform will boast zero fees, and users can buy SOL using Apple Pay, Google Pay, or credit cards. The decentralized exchange further revealed that the platform will boast a one-tap swap feature, ensuring it is straightforward to buy crypto.
Other Notable Announcements At Solana Breakpoint
The decentralized exchange also announced the launch of the Metropolis API platform at the Solana Breakpoint to make building on the DEX much easier. The update includes the Swap, Price, and Token API, which anyone can access via Metropolis. The DEX added that the goal is to allow developers to easily integrate with Solana’s liquidity and build a sustainable business on the platform.
The Solana DEX has also launched the Jupiter RFQ to help improve Solana’s liquidity. This move will ensure that the DeFi platform continues to provide the best prices across all platforms.
RFQ delivers an avenue for market makers who use centralized exchanges like Binance to provide liquidity on Solana easily. This update is expected to go live with a beta version next week. The DEX revealed that they are also working on integrating it into the main platform’s Routing.
The DeFi platform already has a reputation as one of the top decentralized exchanges for leverage trading and is set to solidify its position with its perps v2 platform. The v2 platform features three significant updates. It will boast a limit order, Dove Oracle standard, and gasless transactions for Perps trading.
These updates undoubtedly provide a bullish outlook for the Solana ecosystem. The announcement comes just a day after Solana revealed its new Seeker mobile. Meanwhile, as Coingape reported, the ZK Compression is live on the Solana mainnet.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the cryptocurrency market evolves, it’s becoming evident that hype alone can’t sustain a token’s value. This realization has led some of the largest Bonk (BONK) holders, known as “whales,” to diversify their portfolios by investing in GoodEgg (GEGG). Experts are now predicting a potential 100x return on GoodEgg (GEGG), with some of the most prominent Bonk (BONK) whales taking early positions in the token’s presale.
More Than A Memecoin: Bonk Whale Shift to GEGG
One of the largest Bonk (BONK) holders, previously known for their substantial investments in the meme coin space, has recently made headlines by becoming an early investor in GoodEgg (GEGG). This shift comes as Bonk (BONK) continues to face declining momentum, losing 2% in value over the last 24 hours, with weekly losses stacking up to 10%. The whale’s move reflects a growing sentiment that the current meme coin market is becoming oversaturated, with investors searching for projects that offer more than just speculative gains.
Bonk (BONK), once a rising star on the Solana network, has seen a significant reduction in trading volume, and many analysts believe that its future will depend heavily on finding new utility or partnerships to maintain investor interest. While the Bonk (BONK) community remains hopeful, the shift of whales to projects like GoodEgg (GEGG) highlights a growing trend among larger investors who prioritize long-term growth over short-term gains.
GoodEgg’s Strong Fundamentals
In contrast, GoodEgg (GEGG) offers more than just hype. It is a utility-driven project with an AI-based dating platform that leverages blockchain for security and privacy. The project’s innovative approach to online dating has sparked interest from investors who see it as a real-world solution with significant potential for user adoption.
GoodEgg’s presale has already raised over $495,000, showing that investors are eager to get in early on this project. The platform’s combination of blockchain security and AI matching technology provides a fresh approach in a saturated online dating market, which is expected to grow significantly in the coming years.
Experts Predict 100x Gains and Long-Term Scalability
Market analysts are now predicting that GoodEgg (GEGG) has the potential to generate 100x returns for early investors, particularly as its platform begins to attract more users and integrates additional features. The scalability of GoodEgg (GEGG) in the dating industry, combined with its AI-driven capabilities, gives it an edge over traditional meme coins like Bonk (BONK).
While Bonk (BONK) struggles to maintain its market position, GoodEgg (GEGG) is gaining traction among both retail and institutional investors. The whale’s entry into GoodEgg (GEGG) has further validated the project’s potential, with many now looking at it as the next big thing in the crypto space.
As the presale continues, those who missed out on Bonk (BONK) during its early days are now looking at GoodEgg (GEGG) as their next opportunity for massive gains. With strong fundamentals and a clear roadmap, GoodEgg (GEGG) is positioned to become a major player in the crypto market, leaving Bonk (BONK) in the dust as it builds a long-term, sustainable future.
Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community:
Visit GoodEgg (GEGG)
Telegram: https://t.me/GEGG_OFFICIAL
X/Twitter: https://x.com/GoodEggToken
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