The decline in Bitcoin 
$92,095 prices has severely impacted altcoins, yet Coinbase has announced a new listing. Typically, during market downturns, the effect of listings on prices is limited. However, listings are generally beneficial as they provide increased access to liquidity in the medium and long term.
Breaking News on PNUT Coin
In a recent announcement, Coinbase revealed that it will list PNUT Coin. Following the listing announcement, this altcoin, which gained remarkable popularity during the election period, saw a 10% increase. Although it reached strong upper wicks, the price has not surpassed the $0.521 threshold; had Bitcoin allowed it, larger peaks could have been achieved.
Coinbase, the largest cryptocurrency exchange in the U.S., highlights PNUT Coin as a meme coin that has shone during the elections. Gaining access for U.S. investors to this altcoin is significantly more favorable and essential compared to others. With Trump officially in office, the narrative surrounding this token may lead to new peaks, making its availability via Coinbase especially advantageous for investors.
The listing will take place tomorrow at the same time. On December 11, the altcoin listed saw an increase of more than 20%. This potential rise underscores how today’s market decline may limit its upward trajectory.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
