US Crypto Exchange Coinbase announced on Friday that it has launched a decentralized Exchange (DEX) integration, allowing users to buy and sell digital assets that were previously inaccessible on the platform.
Amid this positive development and the wider market improvements we’ll see this week, here are some basic ecosystem tokens.
Aerodrome Finance (Aero)
Aero, a native token for automated market maker Aerodrome Finance, is one base token for monitoring several trading sessions.
Aero, which traded at $1.06, has risen nearly 20% in the past day. This will extend weekly profits and boost its value by 36% over the past seven days.
The Aero/USD Daily Chart reading shows Chaikin Money Flow (CMF) rising during pressing. This momentum indicator is currently 0.13.
The CMF indicator measures how an asset enters and leaves the asset. If that value is positive, it indicates a purchase pressure. In other words, traders are accumulating assets. This suggests that aero closes more frequently in the upper range of trading periods, indicating bullish sentiment among traders.
As this trend continued, Aero Eyes was extended beyond $1.0852 to $1.3246.
Want more token insights like this? Sign up for Editor Harsh Notariya’s daily crypto newsletter.
On the other hand, if demand plummets, the token price could immerse itself in $0.7443.
Zora
Zola has grown by 51% over the past seven days, making it another base token to watch. At the time of writing, Altcoin is trading at $0.0904, suggesting that technical measurements will move further upwards in the short term.
On the daily chart, Zora prices will significantly exceed the 20-day index moving average (EMA), forming dynamic support below the price below $0.0630. This metric measures the average price of an asset over the last 20 days and gives more weight to recent prices.
When forming dynamic support under the prices of such assets, the short-term momentum is tilted upwards. This suggests that buyers are managing market trends and increasing Zora prices.
If this continues, Altcoin could rise to $0.1050.
However, if demand drops, Zora’s price could drop to $0.0843.
Ski mask dog (ski)
Meme Coin Ski is another base Altcoin to see in recent developments about Coinbase. It traded at $0.0799 at press and earned over 52% in the last seven days.
Over the past 24 hours alone, it has risen 36% to rank it as one of the best performing assets in the base network. During that period, its trading volume has skyrocketed by 119%, indicating that double-digit price increases are supported by demand from market participants.
As assets’ prices and trading volumes rise together, it indicates the strong market beliefs behind the movement. This combination shows a healthy trend driven by a true buying interest in the assets in question.
Buy momentum, Ski could extend his profit to $0.0855.
Conversely, if you resume with profits, the token will reduce some of its value and may drop to $0.0750.
Post 3 base tokens to watch after Coinbase Integrated Dex trading first appeared on Beincrypto.
