Altcoins
‘Ancient’ Ethereum (ETH)-Based Altcoin Jumps Over 50% with New Coinbase Listing
A gaming altcoin based on Ethereum (ETH) has seen gains of 50% after being suddenly listed on major U.S. cryptocurrency exchange Coinbase.
In a new post on social media platform X, Coinbase He says is now listing the Ancient8 layer-2 ETH gaming blockchain (A8) with an experimental label, meaning the asset may have low trading volume and high volatility.
“Ancient8 is now live on coinbase.com and in the Coinbase iOS and Android apps under the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive, or store these assets.”
According to the official A8 website, the protocol uses Ethereum Scaling Solution Optimism (OPERATION) to significantly increase performance and reduce fees during game development.
“As a pioneering gaming ecosystem on the Optimism Superchain, Ancient8 leverages OP Stack Layer2 technology to bring the best of Ethereum to blockchain gaming without having to change code, at a significantly lower cost.”
Ancient8, which first launched its testnet in 2023, currently features five games: Onchain Clash, Omnizone, MasterDuel, Wee Pepe, and DeWorld. The project says it sees a future where gaming, interoperability, and decentralization are seamlessly intertwined.
“Looking to the future, Ancient8 aims to strengthen the decentralization of the network and build a strong gaming community. With this goal in mind, we envision an ever-evolving cutting edge of Web3 gaming, where decentralized technology and community collaboration coexist in harmony.”
The news sent A8 soaring from a 24-hour low of $0.172 to a 24-hour high of $0.261, a 51% jump. The token has since corrected, trading at $0.194 at the time of writing.
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Featured Image: Shutterstock/Yurchanka Siarhei