Analysis of Promising Altcoins Set to Rise on Coinbase

Bitcoin has recently set a new all-time high, but the performance of altcoins has not been as impressive. While meme coins have captured the spotlight with substantial profits, three altcoins are poised for potential growth with the support of Coinbase. These altcoins, each trading under $1, show promising indicators for a price surge.

Blast

Recently added for spot trading on Coinbase, Blast has initiated an airdrop offering 17% of its supply to early users. The project has allocated 50% of its total supply to the community. Following Phase 1 of the airdrop, Blast has attained a valuation of $3 billion. Despite being available at a 50% discount from its listing price, Blast's trading volume has surged to $135 million in the last 24 hours, marking a 25.51% increase.

Zksync

Zksync, an L2 protocol on the Ethereum blockchain, utilizes zero-knowledge technology to enhance Ethereum's scalability. Priced at $0.1484, Zksync has a market cap of $545 million. Although currently trading below key moving averages, a rising Relative Strength Index (RSI) signals potential strength in the near term.

ZRO

Layer Zero (ZRO) is trading at $3.78, experiencing a 7.05% decline in the past 24 hours. Despite this, its market cap remains substantial at $470 million, down from $1.05 billion the previous month. ZRO facilitates message passing across diverse blockchains that support smart contracts. With a positive trajectory in price and RSI, Layer Zero demonstrates resilience in the market.

Future Prospects

Coinbase's announcement of the perpetual listing of these three tokens indicates a new trading opportunity for users starting from July 11, 2024, at 9:30 AM UTC. This move will grant access to over 10 million active Coinbase users, potentially boosting liquidity, visibility, and demand for these altcoins.