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Coinbase, the main cryptocurrency change, has added two new property to its roadmap in the present day. The newly listed property are Solana ecosystem’s Shadow Token (SHDW) and Neon EVM (NEON), each of that are SLP tokens. Moreover, the SHDW and NEON costs skyrocketed after the most recent announcement.

Coinbase Lists Shadow & Neon

Shadow Token is described because the utility token powering the Shadow dePIN ecosystem. Furthermore, it goals to revolutionize the way in which transactions are performed inside its ecosystem. On the opposite hand, Neon EVM is a brilliant contract working on the Solana blockchain, providing revolutionary options inside the decentralized finance (DeFi) area.

Following the announcement of their addition to Coinbase’s roadmap, each SHDW and NEON skilled a exceptional surge of their costs. This displays the market’s enthusiasm for these new listings, particularly amid the Solana group.

In a latest blog submit, Coinbase reaffirmed its dedication to increasing its asset choices whereas sustaining rigorous requirements for authorized, compliance, and technical safety. The change emphasised that its analysis standards don’t contemplate components corresponding to market capitalization or challenge recognition. Instead, Coinbase focuses on guaranteeing that listed property meet stringent necessities to safeguard customers’ funds and uphold the integrity of its platform.

However, Coinbase additionally famous that not all initiatives meet its requirements. This signifies that there are property which have been excluded from itemizing at the moment as a consequence of regulatory considerations or different causes. Hence, the addition of SHDW and NEON to Coinbase’s roadmap represents a big milestone for each initiatives, offering them with elevated publicity and credibility inside the cryptocurrency ecosystem.

Also Read: Coinbase To Store Users’ USDC Balances On Base Network

Shadow & Neon Price Rally

The Shadow Token value propelled towards a brand new all-time excessive after the Coinbase announcement. As of writing, the Shadow value skyrocketed by 55.39% to $2.26 on Wednesday, March 27. In addition, its market cap surged to $362.25 million. Moreover, the SHDW 24-hour commerce quantity spiked by a whopping 1241.52% to $21.41 million.

Whilst, the Solana ecosystem’s Neon crypto value surged 21.94% to $1.78 in the present day. Furthermore, the crypto’s market valuation soared to $102.92 million. Additionally, the buying and selling quantity for Neon jumped by a staggering 638.25% to $35.54 million prior to now 24 hours. However, the height of $1.79 attained throughout the rally was nonetheless 53.62% wanting its all-time excessive of $3.86.

Also Read: Bitcoin Exchange Supply Hits All-Time Low With 58K BTC Pulled Out Of Coinbase

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