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Trading of Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA) – all ERC-20 tokens that run on the Ethereum network – today were broadcast on Coinbase Pro, and most received a bump from their list on the encrypted exchange.
CVC, LOOM, MANA and DNT listed on Coinbase
In a previous post, Coinbase contacted traders to announce they started accepting incoming transfers of the cryptographic resources listed above. The San Francisco exchange established that once sufficient liquidity had been acquired, they would start trading. Several hours before the press date, Coinbase confirmed the achievement of the aforementioned threshold, which prompted them to start a part of their trading services.
"Trading on CVC, DNT, LOOM and MANA orders is about to start," the company announced later. "These order orders now go into post-only mode, customers can send limit orders, but there will be no correspondence, the order books will be in post-only mode for a minimum of 1 minute."
It marks the second phase – nicknamed Post-Only – of the general listing process, as defined by Coinbase at the time of announcement. The next steps would see that Coinbase begins to match limit orders for CVC, DNT, LOOM and MANA. And in the final phase, full trading services will be available for these Ethereum tokens, including limits, market and stop orders.
Tokens Rally against Bitcoin and Ethereum
On Friday, when Coinbase announced that it would add CVC, DNT, LOOM and MANA to its trading platform, the market for each Ethereum token reacted positively, detecting decent waves in other cryptographic exchanges. To date, every currency as mentioned above is undergoing extreme corrections against the US dollar. But at the same time, most of them have risen against Bitcoin and Ethereum.
Let's start by looking at the DNT table below.
DNT at the time of printing is undergoing a bearish correction after testing an aggregate maximum at $ 0.016321. The currency now trades at $ 0.015018, up 3.63% on a 24-hour chart. Meanwhile, rose 8.66% against Bitcoin, now tradable on 432 satoshis.
MANA, at the same time, is the least impressive performer among the four cryptographic assets. Despite an instinctive reaction to the announcement of Coinbase, the currency failed to hold close to strong levels of resistance. There have been attempts at lower levels, but they seemed to have been moved enough to be considered as serious uptrend. Give a look:
MANA at the time of writing is trading at $ 0.055860, over 11% less than the 24-hour timeframe. Against Bitcoin, the currency fell 6.6% less, now exchanges to 1609 satoshi.
CIVIC and LOOM are slightly better than MANA in the same time frame. While the CIVIC-to-USD rate now stands at 4.62% down to 0.056405, its price against Bitcoin is 1624 satoshis, which represents a slight increase. Likewise, the current LOOM / USD rate is 0.047803, close to 3.5% down, but it is 1.5% compared to BTC, now trading at 1377 satoshi.
However, ripple (XRP), which has a long history of spiking on simple items that will be listed on Coinbase, has not seen a similar rebound now that the cryptographic exchange says it is "exploring" support for this cryptocurrency.
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