Two Ethereum (ETH)-Based Altcoins Skyrocket After Coinbase Listing

Two Ethereum (ETH)-based altcoins are skyrocketing after gaining support from the top US-based crypto exchange platform by volume.

Coinbase, the top US-based crypto exchange by volume, has announced the addition of two Ethereum (ETH)-based altcoins to its platform.

The exchange, in new posts on X (formerly Twitter), revealed that it has integrated the decentralized finance (DeFi) protocol Maple Syrup (SYRUP) and the artificial intelligence (AI)-based token Aethir (ATH) to its suite of digital asset products.

Coinbase’s announcements preceded rallies for both tokens. The additions of SYRUP and ATH come a few days after Coinbase added the tokens to its listing roadmap last week, signaling upcoming support. At the time, both assets jumped nearly 40% in price.

News of the support caused both the assets to spike in price, as SYRUP went from a low of $0.131 to a peak of $0.173 during the last 24 hours, a gain of 28.7%, while ATH went from a low of $0.034 to a peak of $0.040 during the same time frame, a gain of 14.4% on the day.

Aethir is a decentralized cloud computing protocol that launched last year focused on providing high-performance graphics processing unit (GPU) capabilities to AI as well as blockchain-based video games.

Maple Syrup, a DeFi protocol that launched in 2021, brings together borrowers and lenders and allows borrowers to utilize under-collateralized loans as a means of accessing capital and lets lenders earn rewards by providing funds.