This Popular Altcoin Skyrockets With 70% Support From Coinbase Following: Details

TL; DR

A certain cryptocurrency has seen a notable price rally since it was listed on Coinbase.
Such actions from leading crypto exchanges have had a positive impact on the value of many other digital assets in the past.

Tensor (TNSR) – the native cryptocurrency of the leading Solana NFT marketplace – has seen a significant price increase in the last 24 hours. It briefly surpassed the $2.20 mark, currently trading at $1.90 (per CoinGecko data).

A nearly 70% price increase came from cryptocurrency exchange Coinbase not long ago. It is awake Transaction services with tokens.

“Coinbase customers can log in to buy, sell, exchange, send, receive or store these assets,” the company's announcement reads.

Earlier this month, Coinbase placed TNSR in the “Roadmap” zone, which had to meet certain requirements before getting an official listing. He also added support for Tensor on the Solana network, advising users to avoid sending assets to other networks because “money can be lost”.

The recently launched coin has made serious waves in the crypto space with more than $750 million in daily trading volume. Thus, it surpassed popular altcoins such as Cardano's ADA and Avalanche (AVAX), whose figures reached $450 million and $535 million, respectively.

Another leading cryptocurrency exchange that has accepted TNSR is OKX. He Opened. Deposits and spot trading for TNSR/USDT on April 8, withdrawals available later today (April 9).

Over the past few months, similar moves from trading venues have followed a surge in the price of cryptocurrencies. as a Cryptopotato reported Last month, gaming token Ronin (RONIN) surged to record highs after its official listing on Coinbase.

Before that, Akash Network (AKT) jump After the company added 20% to the “Road Map” segment, Helium Mobile (Mobile) went out Following the company's decision to rely on the Solana network, it is a two-month high.