tl;dr
Coinbase has added three new assets to its listing roadmap: PENGU, POPCAT, and MORPHO. However, the announcement only led to short-lived price increases for the tokens, possibly indicating waning market interest. While the meme coins, PENGU and POPCAT, have experienced recent volatility, MORPHO has ...
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Coinbase has added three new assets to its listing roadmap: PENGU, POPCAT, and MORPHO. However, the announcement only led to short-lived price increases for the tokens, possibly indicating waning market interest. While the meme coins, PENGU and POPCAT, have experienced recent volatility, MORPHO has shown substantial momentum. Nevertheless, all three listings followed the same pattern of brief price gains that quickly dissipated. This raises the question of whether Coinbase's roadmap is losing relevance in influencing the market.
Coinbase put three new assets on its listing roadmap: PENGU, POPCAT, and MORPHO. This announcement only caused momentary price gains for all three tokens, possibly suggesting that the market is less interested. The two meme coins have both endured recent volatility, but MORPHO currently has substantial momentum. Nonetheless, this pattern repeated across all three listings. IS COINBASE’S ROADMAP LOSING RELEVANCE? Sponsored Sponsored Coinbase, one of the world’s leading crypto exchanges, just added three new assets to its listing roadmap: PENGU, POPCAT, and MORPHO. Typically, these additions cause huge spikes in an asset’s price, but that has not happened today. All three of these coins experienced a brief price jump, but these gains quickly evaporated. popcat price POPCAT Daily Price Chart. Source: BeInCrypto Sponsored Sponsored It’s presently unclear why these gains have proved so ephemeral. Two of the new assets on Coinbase’s roadmap, POPCAT and PENGU, are noteworthy meme coins. Both, however, have seen recent price troubles. PENGU, for one, reached its lowest price in late January and shows little signs of recovery. POPCAT’s decline was in December, but it has also remained low. MORPHO, on the other hand, stands out from the other offerings on Coinbase’s roadmap. It’s not a meme coin but a legitimate DeFi project creating infrastructure for on-chain lows. It was a high performer in January and even entered a partnership with Coinbase. That may explain why it’s on the roadmap but not why it has also underperformed. MORPHO Price MORPHO Daily Price Chart. Source: BeInCrypto Perhaps it’s too early to determine what impact a future listing will have on these assets. At the time of writing, Coinbase put them on its roadmap only a few hours ago, and more dramatic changes may happen throughout the week. Sponsored Sponsored However, the meme coin space is extremely fast-paced, making this seem unlikely. Instead, another explanation is possible. The last two additions to Coinbase’s roadmap before this bear remarkable similarities. When it listed MOG in December, the asset’s price continued to struggle. Last month, when it listed TOSHI, the immediate price spike was quickly slashed by new profit-taking. The asset still grew that day, but these gains proved ephemeral. MORPHO’s inclusion also proves that these trends are not related to recent market performance. Perhaps these Coinbase announcements are losing their ability to move traders. Top crypto platforms | February 2025 Phemex Phemex Explore Bybit Bybit Explore Margex Margex Explore BingX BingX Explore Сoinex Сoinex Explore Top crypto platforms | February 2025 Phemex Phemex Explore Bybit Bybit Explore Margex Margex Explore BingX BingX Explore Сoinex Сoinex Explore Top crypto platforms | February 2025 Phemex Phemex * Bybit Bybit * Margex Margex * BingX BingX * Сoinex Сoinex *