The price of Across Protocol (ACX) has increased by more than 14% since its listing on the Coinbase exchange. Trading activities to commence on August 21.
The price of Across Protocol (ACX) increased by 14% due to the Coinbase exchange’s announcement of support for the asset. Users will receive guidelines regarding integrating the Across Protocol into the Ethereum Network. The listings of crypto exchanges frequently influence the price growth of tokens as users anticipate a more widespread adoption.
Coinbase To List Across Protocol
The announcement of Coinbase Exchange’s support for the Across Protocol initiated a rally within the community. The development on X (formerly Twitter) was disclosed by the largest crypto exchange in the United States by volume, and users were provided instructions.
“Coinbase will incorporate support for the Across Protocol (ACX) on the Ethereum network (ERC-20 token).” Please refrain from transmitting this asset over other networks, as your funds may be lost. In the regions where trading is permitted, transfers for this asset are accessible on @Coinbase & @CoinbaseExch.
Support for ACX tokens will be restricted to supported jurisdictions, as indicated in the disclosure. The token will be released for trading on August 21, provided that liquidity conditions are satisfied. Similarly, the ACX-USD trading pair will be introduced on Coinbase in phases after achieving the required supply. The community’s initial response was optimistic regarding the classification, with numerous individuals anticipating additional benefits in the future.
Community Backs Token
The announcement has observed A significant price increase in the cryptocurrency community. Across Protocol experienced a 14% increase in value today, trading at $0.4295, in addition to its previous gains. After achieving a 22.4% increase in the past seven days, the token maintained its favourable trajectory, while the monthly figures, which were at 4%, exited the red zone. Protocol’s market capitalisation is $59.2 million, and its daily volumes have increased by 49% to exceed $650,000.
This listing occurs in a volatile market, as the Bitcoin price remains below the $60,000 threshold. The traction of the respective assets is why crypto users continue to coalesce around exchange listings.
