Coinbase Launches Support for Four Ethereum-Powered Altcoins, Triggering Massive Rallies

Coinbase Launches Support for Four Ethereum-Powered Altcoins, Triggering Massive Rallies


Coinbase is adding four new crypto assets to its arsenal of altcoins, triggering a number of epic price rallies.

The first addition to Coinbase Pro is the Ethereum-based (ETH) governance token Function X (FX), which is designed to power a cross-chain platform for decentralized applications and financial services.

 

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Users can stake FX to earn rewards and use their token allocations to vote on the future of the network. The coin is also designed to be used as a payment method for the creation of smart contracts and data storage.

The announcement from Coinbase triggered a huge rise in the price of FX.

The coin has soared from a 24-hour low of $0.67 to as high as $1.86, according to CoinGecko – a 177% increase.

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