Top US crypto exchange Coinbase is planning to list one red-hot Dogecoin (DOGE) rival.

In a new announcement, Coinbase says it has added Solana-based (SOL) memecoin Bonk (BONK) to the platform’s “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets.

The exchange created the roadmap last year to increase transparency and reduce the possibility of front-running new trading support announcements.

At time of writing, BONK is trading for $0.00001031, up from $0.00000197 thirty days ago, a more than 400% increase.

Pseudonymous crypto strategist Altcoin Sherpa recently said that he believes that BONK could soon cross the $0.00001500 level on its net leg up.

Said Sherpa,

“BONK: next leg coming? Probably good to have some exposure to this meme wise. I’m already all out of my position but thinking about re-entering.”

Earlier this month, Coinbase listed Jito (JTO), a decentralized finance (DeFi) protocol built on top of Solana.

According to Jito, the JTO token can be used to participate in the governance of the protocol and purchase goods and services on DeFi platforms across the Solana blockchain.

Jito came with an “experimental” label, meaning that it could have a low volume compared to other digital assets.

Jito is trading for $2.66 at time of writing, down 5.2% in the last 24 hours.

Featured Image: Shutterstock/Jorm S

The post Coinbase Adds Dogecoin Rival That’s Up 400% in Past Month to Altcoin Listing Roadmap appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ December 13, 2023 9:14 pm