Two major cryptocurrencies are set to be listed on a major crypto exchange.
In particular, Coinbase is the exchange in question, and is set to list Akash Network (AKT) and Ronin (RON), both of which are decentralized cloud computing and blockchain gaming tokens respectively.
Here's everything you need to know about the upcoming listings, and about the price actions of these tokens.
Coinbase, the largest crypto exchange in the US has been listing several cryptocurrencies at an increasing rate since 2023.
The exchange reportedly considers factors like security, market demand and legal compliance before adding new assets to its offerings.
With this in mind, the crypto exchange just announced plans to list AKT and RON, two relatively new niche assets.
Both of these assets have shown massive potential for growth in their respective fields, and everyone should know how to handle things once the listing happens.
Investors are advised to keep in mind that Coinbase has not listed these cryptocurrencies officially, but has plans to do so very soon.
Both of these cryptocurrencies have been performing well on most timeframes, and here's the price action for:
According to data from CoinGecko, Akash is massively bullish on the daily timeframe, and has even rallied by around 14% over the last 24 hours.
The cryptocurrency trades at around $4.53 at the time of writing, and is performing pretty well on most timeframes.
In the charts, we can see that Akash has been massively bullish since inception, as indicated by the rising highs.
Akash's recent trend of bullishness became even more pronounced with its break above the $3.36 zone, as shown above.
Investors looking to get in on the market should note that there is a fairly strong resistance zone around $5.15, explaining the signs of price rejection the cryptocurrency is experiencing as shown above.
A price correction from this high to the $3.36 zone remains entirely possible, after which investors can get in if a break below $3.36 doesn't occur from here.
According to data from CoinGecko, Ronin is up by around 0.4% over the last day, and currently trades at around $2.99 at the time of writing.
According to the charts, Ronin is trading steadily on top of the $2.825 support as shown below, and could be poised to retake the $3.6 resistance.
The cryptocurrency is also held up strongly by its 20-day EMA around $2.936, indicating that Ronin is poised to travel further upwards from the medium to long-term perspective.
However, the only invalidation of this outlook would be a break below $2.835, where the cryptocurrency would be forced to retest the $2.363 support and form a double bottom.
Overall, the bulls have nothing to worry about on the short to long terms, as long as RON sits on top of the $2.835 support.
Despite this promised listing, Coinbase has caustioned against users depositing AKT and RON into their Coinbase accounts before the official listing announcement.
The platform doesn't yet support these tokens, and depositing them beforehand, may result in a permanent loss of funds,.
Overall, investors are expected to wait for the official listing date, during which these cryptocurrencies will no doubt rally to respective new highs.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.