Digibyte and VeChain are among several crypto assets that outperformed Bitcoin and Ethereum in the past 24 hours
Over the last 24 hours, roughly a dozen altcoins gained more than 10% after news emerged that the US crypto exchange Coinbase is considering support for nearly 18 additional digital assets.
Among the coins that outperformed the leading cryptocurrencies following Coinbase’s announcement were Digibyte, Bancor and VeChain.
According to Coinbase, the team is using its Digital Asset Framework to evaluate and decide whether to list the following crypto assets: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix and VeChain.
Historically, Coinbase listings have signaled price uplifts for digital assets. On the day of the announcement, Digibyte rose by more than 19.5% — moving from a low near $0.016 to about $0.0197. Over the past week, Digibyte climbed more than 24%.
VeChain’s price rose by more than 18%, increasing from $0.0081 to $0.0098 on an intraday volume exceeding $101 million. The token posted a gain of roughly 38% over the past week.
Bancor was also among the top gainers after Coinbase’s announcement, rising nearly 20% in 24 hours on clearly increased volume. The token has advanced more than 47% over the past seven days.
Siacoin, ranked 59th on CoinMarketCap, added over 13% today, bringing its weekly gain to just over 7%.
While the altcoin rally continues, the crypto community is still calling for a mass exodus from Coinbase. These demands follow recent outages and reports suggesting the company may offer its intelligence platform to the Internal Revenue Service (IRS) and the Drug Enforcement Administration (DEA).