Solana-Based Shadow Token Surges Over 20% Ahead Of Coinbase Listing
Portfolio Pulse from Benzinga Neuro
Shadow Token (SHDW), the native cryptocurrency of ShdwDrive, surged 20% ahead of its Coinbase listing, marking an 80% increase in a month. Coinbase will support SHDW on the Solana network, cautioning users against sending it over other networks. SHDW's listing on major exchanges like Crypto.com and Gate.io has significantly increased its trading volume, contributing to a 290% surge today. Despite a recent 12% drop, SHDW trades at $1.95, reflecting a 1483.22% yearly increase. The crypto market remains volatile, with significant movements in SHIB and BTC.
April 10, 2024 | 5:32 am
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POSITIVE IMPACT
Coinbase's upcoming listing of Shadow Token (SHDW) on the Solana network has contributed to a significant surge in SHDW's value, indicating growing interest and potential increased trading volume on Coinbase.
The listing of Shadow Token on Coinbase is likely to attract more users and trading volume to the platform, potentially boosting Coinbase's revenue from trading fees. The anticipation and subsequent surge in SHDW's value reflect positively on Coinbase's influence in the crypto market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90