United States-based cryptocurrency exchange Coinbase sent waves across the cryptocurrency ecosystem on Apr. 11 when it released a list of 50 crypto assets that were under consideration for listing in the second quarter of 2022 in a bid to increase the transparency of its listing process.
Responses to the release were mixed and led to some allegations of insider trading by crypto sleuths, while a majority of crypto traders took a deeper dive into the list in an attempt to discover diamonds in the rough.
Following a week’s worth of trading that saw many of the tokens on the list experience pump-and-dumps, the dust is beginning to settle revealing Morpheus Labs (MITX), Kromatika (KROM) and Big Data Protocol (BDP) as the top three gainers from the Coinbase announcement.
Morpheus Labs (MITX) is a project that offers an extensive 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, following the Coinbase announcement, the price of MITX skyrocketed 185% from a low of $0.014 to a daily high of $0.04 on Apr. 15.
MITX/USDT 4-hour chart. Source: TradingView
In addition to the Coinbase announcement, the protocol has seen positive news flow tied to its so-called NFT Launcher, as well as the launches of the Morpheus Labs Launchpad and SEED developer portal.
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 slippage.
Data from CoinGecko shows that on Apr. 9, KROM was trading at a price of $0.0525 before rallying 145% to a high of $0.13 on Apr. 12. The token is currently trading at $0.11.
KROM/USD 2-hour chart. Source: CoinGecko
Developments that are helping to boost the outlook for KROM include the launch of Kromatika v2, which is scheduled for Apr. 20, and the possibility of being added to the Arbitrum Odyssey…