Coinbase, the leading cryptocurrency exchange, has added two new assets to its roadmap today. The newly listed assets are Solana ecosystem’s Shadow Token (SHDW) and Neon EVM (NEON), both of which are SLP tokens. Moreover, the SHDW and NEON prices skyrocketed after the latest announcement.
Coinbase Lists Shadow & Neon Shadow Token is described as the utility token powering the Shadow dePIN ecosystem. Furthermore, it aims to revolutionize the way transactions are conducted within its ecosystem. On the other hand, Neon EVM is a smart contract operating on the Solana blockchain, offering innovative solutions within the decentralized finance (DeFi) space.
Following the announcement of their addition to Coinbase’s roadmap, both SHDW and NEON experienced a remarkable surge in their prices. This reflects the market’s enthusiasm for these new listings, especially amid the Solana community.
In a recent blog post, Coinbase reaffirmed its commitment to expanding its asset offerings while maintaining rigorous standards for legal, compliance, and technical security. The exchange emphasized that its evaluation criteria do not consider factors such as market capitalization or project popularity. Instead, Coinbase focuses on ensuring that listed assets meet stringent requirements to safeguard users’ funds and uphold the integrity of its platform.
However, Coinbase also noted that not all projects meet its standards. This indicates that there are assets that have been excluded from listing at this time due to regulatory concerns or other reasons. Hence, the addition of SHDW and NEON to Coinbase’s roadmap represents a significant milestone for both projects, providing them with increased exposure and credibility within the cryptocurrency ecosystem.
Also Read: Coinbase To Store Users’ USDC Balances On Base Network
Shadow & Neon Price Rally The Shadow Token price propelled toward a new all-time high after the Coinbase announcement. As of writing, the Shadow price 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 trade volume spiked by a whopping 1241.52% to $21.41 million.
Whilst, the Solana ecosystem’s Neon crypto price surged 21.94% to $1.78 today. Furthermore, the crypto’s market valuation soared to $102.92 million. Additionally, the trading volume for Neon jumped by a staggering 638.25% to $35.54 million in the past 24 hours. However, the peak of $1.79 attained during the rally was still 53.62% short of its all-time high of $3.86.
Also Read: Bitcoin Exchange Supply Hits All-Time Low With 58K BTC Pulled Out Of Coinbase
Coinbase, the largest cryptocurrency exchange in the USA, continues its altcoin listings and support statements without slowing down.
At this point, Coinbase recently stated that it added the altcoins named Shadow Token (SHDW) and Neon EVM (NEON) to its road map.
“Assets (SPL tokens) on the Solana blockchain added to the roadmap today: Shadow Token (SHDW) and Neon EVM (NEON)
This is not a comprehensive list of the assets we decide to list. Any entities not referenced in the above lists do not preclude the potential listing of such entities.”
Coinbase's roadmap program is used to announce altcoins that are planned to be listed on the platform but have not yet been listed. However, the exchange also states that being added to this road map does not mean a listing guarantee.
Following the Coinbase announcement, SHDW rose by up to 60%, while NEON rose by up to 45%.
*This is not investment advice.
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Solana tokens Shadow Token and Neon rose sharply on Wednesday, hitting highs of $2.49 and $1.96 respectively. Coinbase announced it will list SHDW and NEON tokens. Solana tokens Shadow Token (SHDW) and Neon (NEON) are among those to post huge upside moves in the past 24 hours. SHDW has spiked more than 50% while NEON added more than 21% as the Solana ecosystem continues to experience greater growth.
At the time of writing, Shadow Token price was at $2.09, slightly lower from the intraday high of $2.49 reached earlier.
Meanwhile, NEON changed hands at $1.78. The token had earlier jumped to highs of $1.96 as the market reacted to Coinbase related news.
Coinbase to list SHDW and NEON Leading US-based crypto exchange has announced that two Solana-based tokens – Shadow Token and NEON EVM are now added to its listing roadmap. This is a formal communication from the Coinbase team that they will be listing the given token(s).
Assets added to the roadmap today: Shadow Token (SHDW) and Neon EVM (NEON) https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) March 27, 2024
In this case, an official announcement is yet to be made. However, the exchange has confirmed plans to list SHDW and NEON.
SHDW is the native utility token of Shadow, a decentralised physical infrastructure network (dePIN). The project provides for blockchain-based storage and compute capabilities. The SHDW powers this ecosystem, allowing users to pay for services including decentralised data storage and compute.
NEON is the utility token of the Neon EVM platform. Developers can tap into the Ethereum Virtual Machine (EVM)-compatible network to build and deploy Ethereum-native decentralised applications (dApps) on Solana.
Two Solana (SOL)-based altcoins surged in price after Coinbase announced they could soon be trading on its platform.
On Tuesday, the top US crypto exchange added Shadow Token (SHDW) and Neon EVM (NEON) to its listing roadmap, which alerts customers that the company could soon add support for certain assets.
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Shadow Token is a cryptocurrency designed for the sustainability and security of decentralized data storage infrastructure. It serves as the native token for the ShdwDrive network, a high-performance cloud storage platform.
SHDW, the 241st-ranked crypto asset by market cap, is trading at $2.11 at time of writing and is up more than 53% in the past 24 hours. The Singapore-based exchange Crypto.com also rolled out trading support for SHDW on its app on Wednesday.
Neon EVM is an Ethereum Virtual Machine (EVM) that aims to enable developers to build and deploy DApps from EVM chains to Solana. NEON serves as the project’s utility token for gas fees and governance.
NEON is trading at $1.70 at time of writing. The 527th-ranked crypto asset by market cap is up 21.5% in the past 24 hours.
Coinbase created its listing roadmap in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements.
Coinbase, the largest cryptocurrency exchange in the USA, announced that it will add Shadow Token (SHDW) support to the Solana network (SPL token).
“Coinbase will add Shadow Token (SHDW) support to the Solana network (SPL token).
If liquidity conditions are met, trading will begin around 12:00 PM ET on April 10, 2024. Trading will begin gradually on our SHDW-USD trading pairs once sufficient supply of this asset is ensured. SHDW support may be restricted in some supported jurisdictions.
Coinbase will add support for SHDW under the experimental label.”
Coinbase will add support for Shadow Token (SHDW) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) April 9, 2024
Following the news, the SHDW price experienced a huge increase.
*This is not investment advice.
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As we approach more enjoyable days in bull markets, the frenzy of altcoin delistings has been replaced by rapid listings. Cryptocurrency exchanges, which delisted assets that did not cover order book costs in the tough bear market environment and sought to escape market-making expenses, are now making back-to-back listings. Each period has its own unique rules, of course.
Coinbase Altcoin ListingRecently added to the listing roadmap, Shadow Token (SHDW) will be listed by Coinbase according to a recent announcement. It hasn’t been very long since it was added to the roadmap; generally, such tokens are officially listed within 7-10 days, and this was the case for SHDW as well.
SHDW Coin price saw an increase of over 30% at the time this article was prepared, influenced by the news. The price exceeded $2.35, and the trading volume increased by 50%. With a market value still below $300 million and a daily total volume of $2.2 million, this altcoin could climb higher if it maintains the excitement.
However, investors may likely see a “sell the news” event after the listing is completed. This tends to be the standard with Coinbase listings. As of 19:00 (TSI), the price surpassed $3.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Since last month, SHDW has been listed by several major centralized exchanges, including Crypto.com and Gate.io. As a result, the token’s daily trading volume has consistently increased, surging over 200% today.
Shadow Token gained notable attention following its inclusion in Coinbase’s listing roadmap, leading to a significant price surge. With the recent surge in Solana’s network activity, utility tokens like SHDW have seen major interest, as developer engagement has increased across the platforms.
Launched in January 2022, Shadow Token allows for on-chain events to confirm the continued integrity and existence of stored data, a significant advancement over previous attempts by other web3 storage providers to integrate with Solana, which had limited success. The network supports various use cases, including web hosting, archival and backup services, social media applications, datasets, and personal storage solutions.
Shadow Token (SHDW), the native cryptocurrency of ShdwDrive, has experienced a 20% surge. This increase comes on the heels of an announcement that the token will be listed on Coinbase, the largest crypto exchange in the U.S.
What Happened: Coinbase has plans to list Shadow Token (SHDW), provided liquidity conditions are met. The listing is slated to go live tomorrow. Following the announcement, Shadow Token saw an immediate 20% surge in value, marking an overall increase of nearly 80% in a month.
Shadow Token (SHDW) will be supported on the Solana network by Coinbase. The exchange has cautioned users against sending this asset over other networks to prevent potential loss of funds. Transfers for this asset are now available on Coinbase and CoinbaseExch in regions where trading is supported.
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In the past month, Shadow Token has been listed by several major centralized exchanges, including Crypto.com and Gate.io. This has led to a consistent increase in the token’s daily trading volume, which surged over 290% today.
Launched in January 2022, Shadow Token has garnered significant attention due to its advanced on-chain events, which confirm the continued integrity and existence of stored data. This is a major advancement over previous attempts by other Web3 storage providers to integrate with Solana.
Price Action: At present, SHDW has seen a 20% surge followed by a subsequent drop of nearly 12%, now trading at $1.95. Within the past 24 hours, it hit a peak of $2.49. Notably, over the last year, the coin has skyrocketed by an impressive 1483.22%, according to the data from Benzinga Pro.
Why It Matters: The recent surge in Shadow Token’s value is indicative of the growing interest in cryptocurrencies.
Read Next: Can Dogecoin Flip Ripple? Here’s What It Would Take
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One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US.
In an announcement via the social media platform X, Coinbase says it’s adding Shadow Token (SHDW) to its trading platform.
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Shadow Token is expected to be available on the platform starting Wednesday, at noon Eastern Standard Time. Amid the listing news on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a high of $2.17, a gain of more than 18%.
Shadow Token has since retraced slightly, trading at $1.95 at time of writing, up 7% in the last 24 hours.
Coinbase is tagging Shadow Token with the experimental asset label, a designation for digital assets that pose certain risks such as price swings.
Shadow Token is a cryptocurrency designed for the sustainability and security of decentralized data storage infrastructure. It serves as the native token for the ShdwDrive network, a high-performance cloud storage platform.
Says the project team,
“Network mechanisms such as staking, halving, slashing and recycling – are carefully designed to work together to make SHDW an effective tool for securing the network and driving value. These mechanics, along with rewards and incentives, are designed to convert token holders into active participants who are helping to secure the network.”
Coinbase also just announced another Solana-based altcoin for trading with the experimental asset label, Tensor (TNSR). Tensor is the most popular non-fungible token (NFT) platform on Solana.
At time of writing, TNSR is trading for $1.60, down more than 14% in the last 24 hours.
