News and analysis on encrypted currencies, Blockchain and decentralized financing
Yesterday, Crypto Excination Coinbase Eterfi (EthFi) and BitTensor (TAO) added to her road map.
This step expects the actual existing resources inside the exchange platform, as part of the process of transparency and safety in Coinbase.
EthFi and Tao have been pumped at the time of the announcement of the news, but now their direction is slightly retreating.
Let’s see all the details below.
Coinbase adds EthFi and Tao to its road map in its inclusion
Coinbase, the leading stock exchange in the United States, has announced that it has added EthFi and Tao coins to it Road map To include.
At this moment, the encryption was not yet available for trading on the platform, We will have to wait for the official listing of Coinbase.
Inclusion of assets on the road map is part of the process of selecting and adding the stock exchange, allowing more accurate management of different lists.
This approach allows to maintain a balance between Transparency and protectionThus, reducing the risk of money losses due to the early transfer of assets has not yet been supported.
Meanwhile, Coinbase users can manage their expectations by monitoring symbols under the insertion, although they were not officially included.
ETHERFI (ethfi) Restore liquid The project works on Ethereum BlockchainAnd that at the beginning of 2024 attracted great success among investors.
This basic system allows users to deposit ETH and restore liquid assets, and get bonuses for the original ETHEREUM Re -Relaxing, as well as loyalty points (Eignlayer points and ETHERFI loyalty points).
EthFi is a symbol of the ecosystem governance, as its owners are able to vote on updates and proposals for change.
BitTensor (TAO) represents a project related to artificial intelligenceWhich combines Blockchain with Automated learning.
Its goal is to create a virtual network where users can contribute to computing models and reach innovative artificial intelligence models.
BitTensor also aims to give a democratic character to develop learning models and fair distribution of resources.
TAO is the supplier of the ecosystem that guarantees external access, allowing users to extract information from the network while adapting activities to their own needs.
How do Coinbase determines the assets that must be included in its basic system?
Crypto Excination Coinbase depends on a strict and multi -level process to determine the assets that must be included on its platform.
Before adding it to the menus road map, I had ethfi and Tao icons to undergo a difficult initial selection.
According to what is shown in the company Blogand Coinbase should guarantee that the assets interested in listing the inserts adhere to the comprehensive standards of the legal subject, compliance and technology.
These criteria do not take into account the market value or the popularity of the project. This means that there are very common origins that are still excluded from the stock exchange today, because they do not meet the standards mentioned above or do not provide enough information to assess the quality of the project.
The compliance of these coins is evaluated based on countless On the series And the factors outside the chain, after prolonged verification analysis.
The final decisions related to the new lists are made through an official process of the Special Committee Digital Asset List setWhich reviews procedures and policies with the help of specialized organizational organizations.
For transparency, this group does not include the chief executive vote Brian ArmstrongOr other members of the Coinbase Board of Directors.
Moreover, there is a guidance called “Evidence of alignment “ The stock exchange follows it to provide users with a fair, transparent and equal offer commerce expertise.
This guideline principle is used to coordinate decisions related to different lists, in order to avoid trading from the inside and manage various technical operations in the best way.
It is important to highlight how Coinbase projects, Vc Coinbase, which invests in many projects in the world of Web3, cannot sell any symbols resulting from its investments.
Ethics prices analysis
At the time of Coinbase, both EthFi and Tao have witnessed an increase in demand in the market, only to decline under downside pressure bear.
in detail, At 11:00 pm yesterday, Ethfi rose by 33 %, Access to the local summit $ 1.6 and break the EMA 50 moments on the 1H time frame.
However, the purchase pressure was absorbed immediately, with the candle closed in the hour with wide shades, Followed by follow -up of the show.
Currently, EthFi is $ 1.13, at a price lower than the price recorded shortly before the revelation in the future menu on Coinbase.
This landmark has been partially emphasized through the general situation of the encryption markets, with BTC, ETH and others altcoin That accompanied the slight decrease.
However, we can say that Ethfi is in a difficult place, as its value has decreased 60 % since December 2024.
The currency rose in the first quarter of last year, only to continue to make a fixed red price in red.
To return to bull The stage, it is necessary for Ethfi to quickly restore the psychological level of $ 1.6, from which the new motivation can start.
The TAO chart seems to reflect the EthFi scheme: The artificial intelligence sector has increased at the time of the Coinbase Declaration, only to retreat in the direction of the bear.
In this case, the “only” height was 11 % per hour affected by news, while subsequent candles reflect the current hegemony of the bear.
Here too, Tao immediately returned to the bottom of EMA 50 on the 1H timeline after trying to separate up, accompany the general situation of Markets.
By expanding horizons, we notice how the price of this symbol decreased to half compared to what was recorded in December, to a degree that canceled a lot of previous progress.
Now to restore the positive trend, Tao should return at least over $ 400, which undertakes inevitably the local bottom of $ 250.
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