Tag: Perp

Why MOVR, RSS3, FTT, C98, MLN, CVC Are the Coins to Watch After PERP and FORTH’s Surge

by Blockchain News

Market Capitalization Overview

According to CoinMarketCap, among the top gainers, only SNX finds itself within the top 100 in terms of market capitalization, currently ranking at 48th place.

* In the 101-200 market cap range, ENJ has experienced a surge of around 20%.

* In the 201-300 range, DORA led the pack with a 15% increase. Additionally, four other coins—HPO, UNFI, DODO, and PEG—posted gains of 70%, 17%, 14%, and 10%, respectively.

* In the 301-400 range, six coins—TSUKA, CEL, BAKE, TLM, LEVER, REEF—saw increases of around or above 10%, with gains of 28%, 11%, 11%, 10%, 10%, and 10%, respectively.

* In the 501-600 range, no coin increased by more than 10%, although RFR did show a modest increase of 9.3%.

A Historic Decline

It’s crucial to note that all these coins have depreciated by over 90% in value since 2021, underlining the extreme volatility and associated risks in the cryptocurrency market.

One Key Factor to Observe

Most of these coins have surged by over 20% in the last two months.

* SNX previously surged by 25%, with an amplitude of 52%, on July 14.

* FORTH saw a 14.5% surge with a 46% amplitude on July 18, and again by 36.6% with a 55.6% amplitude on July 27.

* DODO experienced a 36.3% surge with a 43% amplitude on August 7.

* BAKE increased by 31% and 15% consecutively on August 13 and 14.

Additional Info

Top 10 Gainers in the Last 24 Hours on Binance:PERP, FORTH, UNFI, ENJ, SNX, DODO, BEL, BAKE, REEF, TLM.

Coins to Watch

Based on the following criteria:

1. Having surged over 20% in the previous two months,

2. Not having surged in recent days,

3. Holding a market cap between ranks 300-400,

Some coins to keep an eye on include: MOVR, MLN, RSS3, FTT, CVC, C98.

Conclusion

While the top gainers on Binance offer promising prospects, it’s essential to remember the inherent volatility of the cryptocurrency market. Investors are advised to conduct their own research and consider various factors before making any investment decisions.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice.

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Coinbase Launches Support for New Crypto Assets on Retail Trading Platform

by Dailyhodl

Coinbase is adding two altcoins built on Ethereum to its ever-expanding suite of crypto assets.

After initially only being available on Coinbase Pro, ARPA Chain (ARPA) and Perpetual Protocol (PERP) are now open for trading on the company’s main retail trading platform and mobile applications.

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ARPA is the token that powers ARPA Chain, a blockchain-based computation network that features data storage, smart contracts that preserve privacy, and scalable off-chain transactions that can be used to counter credit fraud and secure data wallets.

Other use cases include precision marketing, joint AI model training, and key management systems.

Though ARPA saw its price skyrocket after the original Coinbase Pro listing announcement, it has since stabilized and is exchanging hands at $0.16 at time of writing. It is 13% down from its seven-day high of $0.18, according to CoinGecko.

PERP powers Perpetual Protocol, a decentralized platform for opening up leveraged perpetual contracts in fiat money, cryptos, or other commodities without the need for middlemen.

Perpetual contracts are derivative contracts like futures, except that they don’t have any expiration dates.

PERP is trading at $16.13 as of writing, a 20% decrease from its seven-day high of $19.28, according to CoinGecko.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Two Ethereum-Powered Altcoins Ignite Rallies After Surprise Coinbase Listing

by Dailyhodl

Two altcoins are on the move after receiving sudden support from Coinbase, the top crypto exchange in the US.

In a new announcement, Coinbase revealed that it would support trading for ARPA Chain (ARPA), Bounce (AUCTION), and Perpetual Protocol (PERP) at 9 am Pacific Standard Time on Tuesday. All three cryptos are Ethereum tokens.

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While PERP has remained relatively unfazed by the new announcement, both ARPA and AUCTION have ignited considerable rallies. At time of writing, ARPA is up over 50% since the support announcement, and 80% over the last week, according to CoinGecko.

AUCTION spiked 27% from the $33 range to nearly $42 before consolidating. At time of writing it’s trading at $38.58, up 13% on the day as per CoinGecko.

ARPA Chain is a layer-2 computation network that aims to enable privacy-preserving smart contracts, data storage, and scalable off-chain transactions. According to Binance, its use cases include credit anti-fraud, secure data wallets, precision marketing, joint AI model training, and key management systems.

Bounce is a decentralized auction protocol for tokens and non-fungible token (NFT) sales.

Coinbase explains,

“AUCTION supports incentives on the protocol, provides benefits and governance rights for holders, and is used to pay for certified listings.”

Perpetual Protocol is a decentralized platform for opening leveraged trading positions in fiat currencies, cryptocurrencies or commodities without the need for counterparties. PERP powers the platform as a governance token, and can also be staked. At time of writing, PERP is down 4% in the last 24 hours, but is up over 1300% over the last year.

Last week, Coinbase listed NFT marketplace Rarible (RARI) and BadgerDao (BADGER), which aims to tokenize Bitcoin (BTC) for use on decentralized finance (DeFi) protocols. Both soared in price after the announcement.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bounce and Apra Chain surge 25% on Coinbase Pro listings

by Cointelegraph

Leading United States cryptocurrency exchange Coinbase has announced three new listings on its Pro exchange, predictably causing the tokens’ prices to pump.

On Tuesday, Coinbase Pro announced new listings in Arpa Chain (ARPA), Bounce (AUCTION) and Perpetual Protocol (PERP). It confirmed that trading will become available on or after 21:00 PT on Tuesday, provided ample liquidity enters the market. The three tokens will be each paired with U.S. dollars, euros and Tether (USDT).

While AUCTION and ARPA rallied during the hours leading up to the announcement’s publication to each gain roughly 25% in the past 24 hours, the news appears to have stirred little interest among PERP traders.

After seeing a slight initial climb at the time of the announcement, PERP has lost 5% in the past 24 hours to last trade hands for roughly $17. PERP is currently down 30.7% from its Aug. 30 all-time high of $24.40, according to CoinGecko.

ARPA Chain, which enables privacy-focused smart contracts and off-chain transactions, began to see momentum roughly nine hours before the official announcement was published. According to CoinGecko, ARPA is up 25% over the past 24 hours and is roughly 8% of its Wednesday all-time high.

AUCTION, the native token of decentralized auction protocol Bounce, also surged at the time of the announcement, climbing 23% from roughly $33 to $40 in the past 24 hours.

Related: Regulatory and privacy concerns trail SEC’s threat to Coinbase

According to a Coin Metrics report published in June 2020, the impact of token listings on Coinbase Pro is significantly overstated. The report concluded that new Coinbase markets typically posted average price movements of around -1% to +14% from 10 days before until 10 days after the listing announcement.

In April this year, Messari posted a contradictory report finding that the “Coinbase effect” results in new tokens gaining roughly 90% on average after five days.