Little Known Altcoin Moonwell (WELL) Shoots for the Moon After Coinbase Roadmap Addition

An under-the-radar altcoin is skyrocketing after being added to Coinbase’s roadmap.

A brand new thread on social media platform X options high US trade platform Coinbase announce the addition of the decentralized finance (DeFi) protocol Moonwell (WELL) to its product suite.

Information of the addition took WELL from a seven-day low of $0.0124 on September 5 to a excessive of $0.0173 only a day later, a achieve of about 40%. The crypto asset has since been recovered and is buying and selling at $0.0170 on the time of writing.

Coinbase’s itemizing roadmap was created in 2022 to extend transparency and stop pre-emption of token launches.

Moonwell, which was constructed on Base – Coinbase’s personal blockchain – and on the sensible contract parachains Moonbeam (GLMR) and Moonriver (MOVR), was launched in 2022 as an open lending and borrowing platform. Moonwell can be interoperable with Ethereum (ETH) layer-2 scaling resolution Optimism (OP).

Earlier this week, Coinbase additionally introduced that it will add help for POL, the long-awaited rebranding of the Polygon token previously often called MATIC, to its arsenal of digital belongings with an experimental label, which means it has excessive volatility or low buying and selling quantity may expertise. .

It was beforehand introduced that POL and MATIC wouldn’t co-exist and that the Polygon group might vote to increase POL’s usefulness.

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Featured picture: Shutterstock/Giordano Aita
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