Coinbase Listing Leads to Huge Surge for Two New Altcoins

Two altcoins, Centrifuge and TROLL, both surged in price after Coinbase announced their official listings. The exchange added them to its roadmap two days ago, making for a quick turnaround.

TROLL is a meme coin based on Trollface, while CFG is part of the RWA tokenization platform. Both assets have recorded double-digit gains in the past few hours.

Altcoin List on Coinbase

Coinbase has been listing a lot of new Token lately and has no plans to slow down. This morning, Coinbase announced that it will open spot trading for two altcoins tomorrow, creating excitement in the market:

Both altcoins, Centrifuge (CFG) and TROLL, recorded large gains after being listed on Coinbase. Notably, CFG recorded steady gains; while TROLL had spikes, drops, and recoveries, Centrifuge maintained steady growth with small stops.

Some altcoin traders weresurprised by Coinbase's actions, saying the exchange acted with lightning speed. TROLL and CFG were only listed on the listing roadmap two days ago, but they are scheduled to go live tomorrow.

However, these assets all have notable histories in the crypto space.

Token History Explained

Centrifuge , an RWA tokenization platform, has been in operation for several years. Although it only launched its CFG Token in May, it has already tokenized over 1,700 assets and funded over $1 billion in total assets.

With such a background, a quick listing on Coinbase seems very logical.

In contrast, TROLL is more popular. It is a meme coin based on the classic Trollface from 2008, but the actual Token was launched in April.

After maintaining a Token price of around 1 cent for most of the year, it spiked to 27 cents last month but has since fallen. The altcoin has shown more tumultuous behavior since its listing on Coinbase.

However, although TROLL has been somewhat more chaotic, it has shown a higher rate of increase than CFG. Despite their different personalities, both altcoins benefited from their Coinbase listing.

Clearly, the exchange still has the potential to generate strong Token price surges.