Altcoins Surge on Coinbase Listing

Three altcoins, Pyth Network (PYTH), Kaito (KAITO), and Bittensor (TAO), experienced significant price increases within hours of being listed on Coinbase, the leading US-based cryptocurrency exchange.

Pyth Network, a decentralized oracle provider, saw a 12% increase in price, rising from $0.235 to $0.263, shortly after being listed on Coinbase. Although the price has since retraced, PYTH is currently trading at $0.243.

Kaito, an "InfoAI" protocol aiming to address fragmentation within the digital assets industry, nearly doubled its price after being listed on both Coinbase and Binance. KAITO is now trading at $1.92, representing a staggering 99.89% increase over the last 24 hours.

Bittensor, a decentralized machine-learning network, also benefited from Coinbase's support. TAO, the platform's native token, skyrocketed from a low of $445 to a peak of $484, an 8.7% increase, before stabilizing at its current price of $453.

The listing of these altcoins on Coinbase has undoubtedly boosted their visibility and liquidity, contributing to their respective price surges. As the crypto market continues to evolve, investors should keep an eye on these projects and their potential for growth.