• The cryptocurrency Threshold (T) has surged by 130% over the last 7 days and 220% over the last 30 days.
• Coinbase announced on Jan. 23 their strategy for listing the T currency, driving its price from about $0.032 to a high of $0.061 in a couple of hours.
• Coinbase’s decision to reveal its path for listing the coin was made to increase openness and reduce the chance of insiders receiving an unfair advantage due to the listing announcement.
The crypto-market has been lit up in recent days, with the digital currency Threshold (T) leading the charge. Over the past 7 days, the price of T has surged by 130%, while the token has seen an increase of 220% in the last 30 days.
The surge in price was most significant yesterday, when the currency quickly jumped more than 95%, driving its price from about $0.032 to a high of $0.061 in a matter of hours. The price has since declined slightly, but the strong momentum remains.
The surge in price was largely due to a key announcement from Coinbase, the popular cryptocurrency exchange, on Jan. 23. The exchange announced their strategy for listing the T currency, which sent the price of the currency skyrocketing.
Coinbase’s decision to reveal the path for the currency’s listing was made to ensure fairness and openness for all traders. By announcing their plans for the currency, Coinbase removed the chance of insiders receiving an unfair advantage due to the listing announcement.
While Coinbase’s decision to list the currency is certainly positive news for investors, it is important to remember that inclusion on Coinbase’s listing roadmap does not guarantee that the exchange will list the coin in question. The currency must first go through Coinbase’s approval process before it is officially listed on the exchange.
Overall, the listing of Threshold on Coinbase is great news for the cryptocurrency market and investors in the currency. The surge in price over the past 7 days is a testament to the enthusiasm investors have for the potential of the currency, and will likely continue as Coinbase’s listing process progresses.