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Gravity (G) Rises 7% Amid Coinbase Roadmap Listing Update

Gravity (G) surged 7% after Coinbase added it to its listing roadmap, sparking investor excitement and potential for increased market presence and liquidity.
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Gravity (G) Rises 7% Amid Coinbase Roadmap Listing Update

Highlights

  • Coinbase adds Gravity (G) to its listing roadmap, sparking investor excitement and price surge.
  • Gravity (G) price rises 7% after Coinbase's announcement.
  • The surge was short-lived, as the token price soon dropped from its recent high.

Gravity (G) has surged by 7% following Coinbase’s announcement to add the crypto to its listing roadmap. This move has generated significant excitement among investors and could mark a turning point for the crypto’s market performance. Usually, the listing hints or announcements tend to work as positive catalysts, especially for the new and emerging players in the market.

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Gravity (G) Gains Traction Amid Coinbase Announcement

Coinbase, one of the leading crypto exchanges, recently unveiled its plan to include Gravity on its roadmap. The announcement read, “Assets added to the roadmap today: Gravity (G).” This decision is part of Coinbase’s broader strategy to enhance its asset offerings and provide users with a diverse range of investment options.

Meanwhile, the detailed report on Coinbase’s asset listing roadmap explains that the exchange has revamped its asset listing process. It has replaced the ‘assets under consideration’ list with a more transparent ‘Roadmap’ section.

This change aims to provide investors with clearer and more timely updates on which assets have been selected for listing, promoting greater confidence and informed decision-making.

However, the crypto exchange has cautioned users that transfers and trading of these assets are not supported until an official listing is announced. Depositing these assets prematurely could result in a permanent loss of funds. This warning underscores the importance of adhering to official announcements and updates.

Meanwhile, the addition of G crypto to the roadmap includes its ERC-20 token contract address, “0x9c7beba8f6ef6643abd725e45a4e8387ef260649”. This inclusion highlights Coinbase’s commitment to expanding its Ethereum-based offerings.

In addition, Coinbase has introduced an Experimental label for newly listed assets, which may apply to Gravity. Notably, this label signifies that the asset is in an initial phase and may carry higher risks and potential rewards.

Also Read: Peter Schiff Warns US Recession & Inflation Spike Ahead

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Immediate Market Reaction

The market’s response to Coinbase’s announcement has been swift and positive. Gravity price saw a 7% increase in its value and rose to $0.04548 following the announcement. The surge reflects the investor confidence and anticipation of its potential listing on one of the largest crypto exchanges.

However, the surge was short-lived and the crypto soon came down to $0.04407, indicating the volatile nature of the asset. Meanwhile, by adding the G crypto, Coinbase is indicating its interest in innovative and promising assets. This move could attract more investors to the crypto, boosting its market presence and liquidity.

For investors, the addition of G to Coinbase’s roadmap presents new opportunities. It offers a chance to get involved with a promising asset at an early stage, potentially reaping significant rewards as the asset gains traction.

However, it also carries risks, especially given the Experimental label that may be applied. Having said that, investors should tread cautiously while putting their bets amid the volatile scenario in the market.

Also Read: Morgan Stanley To Offer Bitcoin ETF To Qualified Clients

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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