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Two under-the-radar altcoins are seeing a sharp rise after receiving a surprise boost from leading US cryptocurrency exchange Coinbase.
In a new announcement, Coinbase Assets announced: He says It adds a layer 1 of the ZetaChain interoperable blockchain (Zeta Chen) and bridge across the chain via the protocol (AVX) to its menu roadmap.
Coinbase’s 2022 listing roadmap was created as a way to increase transparency and curb pre-emption. Every time Coinbase decides to add a new asset, it first communicates the decision via the roadmap.
Billed as the “first global blockchain,” ZetaChain is an interoperable virtual machine (EVM) that allows developers to: build Decentralized applications (dApps) across multiple blockchains, including Bitcoin (Bitcoin), the universe (maize), and Ethereum (Ethereum).
“Global apps built on ZetaChain connect to anything in the crypto ecosystem, giving you simple, seamless, and secure access to everything crypto, as if it were all in one place.”
ZetaChain is trading at $0.491 at the time of writing, representing a 7.7% increase over the past 24 hours.
Another digital asset supported by Coinbase, AVX, is a multi-chain bridge that allows users to trade seamlessly. transformation Tokens from one blockchain to another using intents.
“A cross-chain intent is a cross-chain boundary arrangement plus an action to execute it. Intentions replace explicit execution steps with user outcomes, allowing senders to compete to provide the optimal execution path for the user…
“Across connects users to decentralized applications across intents, not just blockchains to blockchains. Developers simply need to include standard ordering in protocol actions to create seamless cross-chain experiences.”
ACX is worth $0.356 at the time of writing, an 8.4% increase on the day.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
Featured Image: Shutterstock/FlashMovie/Vladimir Sazonov
