Adventure Gold (ADGL) surges 20% after Coinbase Pro listing announcement

Gaming token Adventure Gold surges 20% in 24hrs after Coinbase Pro listing
1 year ago
2 mins read

Adventure Gold (AGLD), a cryptocurrency designed as a game token, has surged in value by almost 20% in the last 24 hours after Coinbase Pro announced its listing. 

In a blog post, Coinbase indicated that from Monday, September 20, holders of the token can start depositing their AGLD tokens before trading commences on Tuesday. 

Following the development, AGLD is among the tokens to trade in the green after the general cryptocurrency market turned red on Monday. The token has surged by over 70% in the last seven days, trading at $3.76 by press time.

ADGL 7-day price chart. CoinMarketCap.com

Coinbase noted that trading would be available in the pairs of AGLD-USD and AGLD-USDT with the order books set to launch in three phases, post-only, limit-only, and full trading. 

Adventure Gold token recently gained popularity following the launch of Loot, a new project focusing on games and game creation through NFTs. AGLD is designed to enable voting for governance on the Loot platform. The token also has potential use cases in-game credits. 

Coinbase Pro is the latest high-profile platform to support the token. Early this month, Crypto.com announced the listing of AGLD and the coin recorded an over 700% price surge in 24 hours. 

The listing by Coinbase Pro adds to the growing list of tokens on the platform. According to the exchange, the accelerated listing is due to an increased request from users. 

Coinbase suspends Coinbase Lend launch

Amid the increased listing, Coinbase has announced it won’t launch its eagerly awaited interest-earning product.

The decision comes after the exchange’s CEO Brian Armstrong questioned SEC’s commitment towards providing guidance on the product.

The product dubbed Coinbase Lend was meant to enable users to earn a 4% annual yield on the stablecoin USDC. The already in existence waitlist for the product has also been discontinued.

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Justinas Baltrusaitis

Justin crafts insightful data-driven stories on finance, banking, and digital assets. His reports were cited by many influential outlets globally like Forbes, Financial Times, CNBC, Bloomberg, Business Insider, Nasdaq.com, Investing.com, Reuters, among others.