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Small cap altcoin projects built on Ethereum are surging after getting a sudden boost from Coinbase.
The crypto giant says it’s adding Threshold (T) to its roster roadmap.
That announcement is a signal that Coinbase will soon add the coin to its global exchanges.
Coinbase created its listing roadmap last year to increase transparency and reduce the likelihood that insiders will be able to run their listing announcements first.
The news triggered an immediate explosion in the price of T, from a 24-hour low of $0.0245 to a high of $0.0507 – a 106% increase.
The team behind Threshold says it is building a suite of crypto services that will empower user sovereignty on the blockchain.
One of its first projects was a decentralized bridge designed to allow Bitcoin holders to bring their BTC to the Ethereum network using the pegged asset tBTC.
Coinbase says it is also adding its decentralized music streaming service Audius (AUDIO) to its roster roadmap.
The announcement triggered a 15% increase in the AUDIO price, from a 24-hour low of $0.1911 to a high of $0.2209.
Despite adding both coins to its listing roadmap, Coinbase says neither asset is guaranteed to be listed on an exchange.
They must first go through an enterprise review process, which is run by an internal committee called the Digital Asset Listing Group.
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Featured Image: Shutterstock/DanieleGay/Natalia Siiatovskaia
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