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Coinbase Exploration Report results in over 100% price gains for MITX, KROM and BDP

United States-based cryptocurrency exchange Coinbase made waves in the cryptocurrency ecosystem on April 11 when it released a list of 50 crypto assets being considered for listing in the second quarter of 2022 to increase transparency of its listing process .

Reaction to the release was mixed, leading to some allegations of insider trading by crypto sniffer dogs, while the majority of crypto traders delved deeper into the list to try and uncover rough diamonds.

After a week of trading in which many of the tokens on the list experienced pump-and-dumps, the dust is beginning to settle, revealing Morpheus Labs (MITX), Kromatika (KROM), and Big Data Protocol (BDP) as the top three winners from the Coinbase announcement.

Morpheus Laboratories

Morpheus Labs (MITX) is a project that offers a comprehensive blockchain development toolbox designed to simplify the process of decentralized application development across a variety of networks and programming languages.

Data from Cointelegraph Markets Pro and TradingView shows that the price of MITX surged 185% from a low of $0.014 to an intraday high of $0.04 on April 15 following Coinbase’s announcement.

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MITX/USDT 4 hour chart. Source: TradingView

In addition to Coinbase’s announcement, the protocol has seen positive news flow related to its so-called NFT Launcher, as well as the launches of Morpheus Labs Launchpad and SEED developer portal.

cromatica

Kromatika Finance is a decentralized crypto trading protocol that offers users a zero swap fee trading environment that eliminates front-running bots and prevents price slides.

Data from CoinGecko shows that KROM traded at a price of $0.0525 on April 9 before surging 145% to a high of $0.13 on April 12. The token is currently trading at $0.11.

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KROM/USD 2 hour chart. Source: CoinGecko

Developments that will help improve KROM’s prospects include the launch of Kromatika v2, scheduled for April 20th, and the possibility of being added to the Arbitrum Odyssey project.

Related: Leading centralized exchanges are expanding their market share in 2022

Big Data Protocol

Big Data Protocol is a decentralized finance project focused on creating a liquid marketplace for commercially valuable data sourced from professional data providers.

Data from TradingView shows that immediately after Coinbase’s announcement, the price of BDP jumped 204% from a low of $0.058 on April 11 to a high of $0.177. It has since declined to $0.128, resulting in a 121% net gain.

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BDP/USDT 4 hour chart. Source: TradingView

The bullish bullish move for BDP has been sustained by several notable developments for the protocol, including integration with Fortune 500 firm Intercontinental Exchange and partnerships with MetaGameHub DAO and Securities Quote Xchange.

The total cryptocurrency market cap is now $1.875 trillion and Bitcoin’s dominance rate is 40.9%.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should do your own research when making a decision.