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HomeCrypto NewsMarketThis Token Up 88% as Coinbase Adds It to Its Roadmap

This Token Up 88% as Coinbase Adds It to Its Roadmap

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Coinbase Global Inc. adds Stader (SD) to its roadmap, a significant milestone that underscores the maturity of the Stader Labs’ governance token. 

Crypto exchange Coinbase today confirms the addition of the Stader (SD) digital currency to its roadmap through the official X page. By formally adding SD, Coinbase recognizes the pivotal input the ERC-20 token has towards Ethereum (ETH) decentralization and Stader protocol.

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Coinbase Vote of Confidence on SD

The bullish update coincides with the surge in SD price, lifting the liquid staking governance token among the largest digital asset gainers. Bulls are in control as SD rallies 88% in 24 hours to exchange hands at $0.7539. At press time, CoinGecko data shows the same uptrend applies to its market capitalization, now worth $33.26 million from a circulating supply of 41 million.  

As America’s largest crypto exchange, Coinbase conforms to a strict listing policy for all digital currencies. The exchange reiterates that listing tokens on its roadmap hinges on the initiative’s technical, legal, and compliance standards. 

SD debut on the Coinbase roadmap and for possible future listing affirms the Stader governance token maturity in its bid to further ETH decentralization within the SD Utility Pool. However, Coinbase cautions that the addition of a token to its roadmap does not guarantee future listing.

SD Rejuvenation Path

The SD token taps the roadmap update with its trading volume 186.30% up in the past 24 hours to $5,976,529, signaling an accelerated rise in market activity. SD’s emergence traces to the onset of 2022, with the token setting an all-time high (ATH) of $30.17 in March. However, SD lost the appeal as its value plunged to a low of $0.2368 in October. 

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Market data confirms the Stader struggles with five days of flat price action trailing today’s bullish jump. Despite SD price comparatively 97.28% below its ATH, today’s rally positions it on a rejuvenation path of 18.8% gain in the past 30 days. 

CoinGecko indicates that SD’s 28.60% price increase in the past seven days outperforms the global crypto market, down 2.60%. Consequently, the Coinbase roadmap update is a potential shift in SD’s accessibility to investors served by the US exchange and a potential catalyst for further price action. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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