• 15 August, 2024
Market News Price Analysis

Coinbase Expands Roadmap: ZetaChain and Across Protocol Join the List

Coinbase Expands Roadmap: ZetaChain and Across Protocol Join the List

Coinbase has recently expanded its listing roadmap to include ZetaChain (ZETACHAIN) and Across Protocol (ACX) as reported by journalist Colin Wu. This development signals the exchange’s growing interest in incorporating diverse blockchain technologies and protocols. 

Coinbase’s listing roadmap features the altcoins including QCAD (QCAD), Gravity (G), Across Protocol (ACX). All of these tokens are based on the Ethereum blockchain. In addition, the platform asserted that it adds Zetachain to its asset roadmap under the ticker ZETACHAIN. Although being added to the roadmap does not guarantee that a token will be listed, Coinbase has a track record of listing tokens that have made it to this stage.

In addition to these roadmap updates, Coinbase has listed several new altcoins on its futures platform. This platform, subject to more flexible regulatory rules and not available to US customers, operates under different regulations compared to Coinbase’s main platform.

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Turning to the price movements of ZetaChain, the token is trading at $0.5364 at press time, showing a 14.45% increase over the past day. The price has generally trended upward, starting from a low of around $0.4333 and peaking near $0.50 before a slight pullback. 

Significant support levels include $0.44 to $0.45, where the price previously bounced, and $0.48, which has recently acted as a support level. Resistance is noted at $0.50, a level where the price has struggled to break through, reflecting selling pressure or profit-taking. The 302.04% increase in trading volume over 24 hours indicates heightened market activity, often preceding significant price movements. 

Zeta/USDT 1-day price chart, Source: Tradingview

The RSI for ZetaChain reads 40.61, suggesting potential oversold conditions and a possible buying opportunity. The MACD, trading above the signal line, hints at potential short-term bullish momentum.

Similarly, at the time of writing, Across Protocol is priced at $0.3593. It has seen an 11.74% increase in the last 24 hours. The price has moved upward from a low of $0.3216 to a peak near $0.37 before stabilizing. Currently, ACX is testing the $0.36 resistance level, and a breakout above this could indicate further upside potential. The 298.44% increase in volume suggests heightened market interest. 

ACX/USDT 1-day price chart, Source: TradingView

The RSI for ACX reads 49.33, indicating the asset is nearing oversold territory. However, the MACD trading below the signal line points to a potential short-term downward trend.

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