Coinbase exploration report leads to over 100% price gains for MITX, KROM and BDP

United States-based cryptocurrency speech Coinbase sent waves crossed the cryptocurrency ecosystem connected Apr. 11 erstwhile it released a database of 50 crypto assets that were nether information for listing successful the 2nd 4th of 2022 successful a bid to summation the transparency of its listing process. 

Responses to the merchandise were mixed and led to immoderate allegations of insider trading by crypto sleuths, portion a bulk of crypto traders took a deeper dive into the database successful an effort to observe diamonds successful the rough.

Following a week’s worthy of trading that saw galore of the tokens connected the database acquisition pump-and-dumps, the particulate is opening to settee revealing Morpheus Labs (MITX), Kromatika (KROM) and Big Data Protocol (BDP) arsenic the apical 3 gainers from the Coinbase announcement.

Morpheus Labs

Morpheus Labs (MITX) is simply a task that offers an extended blockchain improvement toolbox designed to simplify the process of decentralized exertion improvement crossed a assortment of networks and programming languages.

Data from Cointelegraph Markets Pro and TradingView shows that, pursuing the Coinbase announcement, the terms of MITX skyrocketed 185% from a debased of $0.014 to a regular precocious of $0.04 connected Apr. 15.

MITX/USDT 4-hour chart. Source: TradingView

In summation to the Coinbase announcement, the protocol has seen affirmative quality travel tied to its alleged NFT Launcher, arsenic good arsenic the launches of the Morpheus Labs Launchpad and SEED developer portal.

Kromatika

Kromatika Finance is simply a decentralized crypto trading protocol that offers users a zero swap interest trading situation that eliminates front-running bots and prevents terms slippage.

Data from CoinGecko shows that connected Apr. 9, KROM was trading astatine a terms of $0.0525 earlier rallying 145% to a precocious of $0.13 connected Apr. 12. The token is presently trading astatine $0.11.

KROM/USD 2-hour chart. Source: CoinGecko

Developments that are helping to boost the outlook for KROM see the motorboat of Kromatika v2, which is scheduled for Apr. 20, and the anticipation of being added to the Arbitrum Odyssey project.

Related: Leading centralized exchanges widen marketplace stock successful 2022

Big Data Protocol

Big Data Protocol is simply a decentralized concern task focused connected the instauration of a liquid marketplace for commercially invaluable information that is sourced from nonrecreational information providers.

Data from TradingView shows that the terms of BDP catapulted 204% from a debased of $0.058 connected Apr. 11 to a precocious of $0.177 instantly pursuing the Coinbase announcement. It has since retraced to $0.128, resulting successful a nett summation of 121%.

BDP/USDT 4-hour chart. Source: TradingView

The bullish determination higher for BDP has been sustained owed to respective notable developments for the protocol, including integration with Fortune 500 institution Intercontinental Exchange and partnerships with MetaGameHub DAO and Securities Quote Xchange.

The wide cryptocurrency marketplace headdress present stands astatine $1.875 trillion and Bitcoin’s dominance complaint is 40.9%.

The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph.com. Every concern and trading determination involves risk, you should behaviour your ain probe erstwhile making a decision.