Bitcoin Daily: Coinbase Lists Seven New Altcoins

Seven altcoins have been doing better after being listed on Coinbase Pro, including five ethereum tokens and two others which began trading on the platform Tuesday (Dec. 7).

A company blog post explained that the trading would only begin once the liquidity conditions are met.

Circuits of Value (COVAL) has gone from $0.02 to $0.06. COVAL is behind the Emblem platform, which makes a transfer token called Vault.

IDEX, another ethereum token which powers a decentralized exchange with an order book and automated market maker, was also doing better, as was environmentally conscious Moss Carbon Credit (MCO2).

The fundraising project Polkastarter, or POLS, also saw growth, as did a token from non-fungible token (NFT) marketplace SuperFarm.

The other tokens doing well are Spell Token, which is in charge of Abracadabra.money, and ShapeShift FOX Token, which is the token of the ShapeShift decentralized exchange.

Meanwhile, crypto investment experts have doubts on whether bitcoin is going to hit $100,000, as many investors had predicted, by the end of the year, Cointelegraph reported Tuesday (Dec. 7).

Bitwise chief investment officer Matt Hougan says the major flash crash in the crypto market makes it much less likely for that marker to be met — although he added that it might happen in 2022.

Hougan said there was also likely to be a new spate of investments in other cryptos, particularly an “explosion” of activity on ethereum and layer-one solutions which are looking at improving the base protocol itself, rather than making new ones.

He said there were likely to be investors getting into ethereum, Solana and Polygon, realizing “there’s more to crypto than just bitcoin.”

“If there’s one bigger story for next year, it’s going to be everything else: crypto as DeFi, NFTs, Web3, or metaverse,” Hougan said, according to Cointelegraph.

The popularity of bitcoin has been soaring this year, so several analysts, including those at Standard Chartered, had predicted it would hit $100,000 this year.

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