After receiving support from the biggest crypto exchange in terms of trading volume, the price of a pair Solana-based altcoins has dropped.
Coinbase Assets has announced that it will be adding support to the non-fungible (NFT), Metaplex, and Jito Staked SOL marketplaces (JITOSOL).
Coinbase customers can log in to buy, sell, convert and send these assets. Customers can use Coinbase to purchase, sell, exchange, store, send or receive these assets .”.
News of support has caused the value of both assets to drop. JITOSOL currently trades at $217, which is a 6.8% decline on the current day, while MPLX’s price is $0.169. This is a small decrease in the past 24 hours.
JITOSOL, a liquid-staked token (LST), allows users to earn additional rewards for staking Solana in the Jito decentralized finance network (DeFi). According to the official website of JITOSOL, this asset is not locked in your wallet, and it can also be traded at any time.
“JitoSOL, a LST with rewards that keeps a consistent amount in your wallet. JitoSOL is unique in that it offers both MEV and staking rewards. As rewards accumulate over time, the JitoSOL/SOL rate also increases .”
MPLX, the Metaplex NFT Marketplace’s native token, is a platform decentralized on Solana. It serves as the governance token and provides infrastructure to mint, trade, manage, and maintain NFTs.
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The post Two Solana-based altcoins get the nod from top US-based crypto exchange by trading volume Coinbase could be updated as new information becomes available.
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