Coinbase Announces Support for Two Altcoins on the Ethereum (ETH) Network, Spurring Rallies in Both

Two Ethereum (ETH)-based altcoins are experiencing a surge in value following their addition to the leading US-based cryptocurrency exchange platform.

Coinbase has officially announced the inclusion of Maple Syrup (SYRUP), a decentralized finance (DeFi) platform, and Aethir (ATH), an artificial intelligence (AI) token, in its range of digital assets.

Following Coinbase’s announcements, both SYRUP and ATH saw significant price increases. These additions came shortly after Coinbase added the tokens to its listing roadmap, resulting in a nearly 40% price surge for both assets.

The news of support from Coinbase led to a spike in prices for SYRUP and ATH. SYRUP’s price rose from $0.131 to $0.173 within a day, marking a 28.7% gain, while ATH saw an increase from $0.034 to $0.040 during the same period, representing a 14.4% price surge.

Aethir is a decentralized cloud computing protocol that focuses on providing GPU capabilities to AI and blockchain-based video games. On the other hand, Maple Syrup, launched in 2021, connects borrowers and lenders, offering under-collateralized loans for borrowers and rewards for lenders.

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Featured Image: Shutterstock/FlashMovie/Vladimir Sazonov