Ethereum (ethereum) base altcoin project has quietly outperformed the market in a parabolic rise following approval from top US cryptocurrency exchange Coinbase.
coin base To tell magic (magic) is now included in the listing roadmap created by the exchange as a way to promote transparency and prevent insider trading on listings.
MAGIC is the token powering Treasure DAO, a project aiming to be a decentralized video game console that incorporates games and non-fungible tokens (NFTs). The Treasure DAO infrastructure includes: Trovean NFT marketplace on Ethereum scaling solution Arbitrum, and a competitive gaming platform called bridge world.
MAGIC has a market cap of just over $100 million and has seen a significant increase in the last few days.
After hitting a local low of $0.23 on November 22nd, MAGIC consolidated for about a week before Coinbase announced it would put the altcoin on its listing roadmap.
MAGIC quickly climbed to $0.62, up 169% from its November low and up 138% after Coinbase’s announcement.
At the time of writing, MAGIC is trading at $0.53.
Coinbase has not yet officially listed MAGIC, and assets placed on the exchange’s listing roadmap may not necessarily get full support.
Top US cryptocurrency exchange puts MAGIC on the same roadmap as decentralized governance platform Aragorn (ant) and Ethereum staking pool Rocket Pool (RPL).
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Featured Image: Shutterstock/Salamahin/Mia Stendal