It’s been a little over a week since the much-anticipated Coinbase listing of Glitch (GLITCH), and the verdict is still out on whether or not the token will be added to the popular digital currency exchange. While there is no denying that Glitch has seen a major price increase since the news of a potential listing on Coinbase, with the token currently trading at $0.
40, up from $0.20 just a week ago, it remains to be seen if this is enough to convince Coinbase to add the token to its platform.
There are a few key factors that will likely play into Coinbase’s decision on whether or not to list Glitch. First and foremost is the price of the token. While Glitch has seen a significant price increase in recent days, it is still relatively low when compared to other tokens listed on Coinbase. For example, Basic Attention Token (BAT) is currently trading at $0.
NOTE: WARNING: Coinbase does not currently offer Glitch as a trading option. Any websites or individuals claiming to offer Glitch on Coinbase are likely fraudulent and should be avoided. Always do your own research before trading with any cryptocurrency platform.
54, while 0x (ZRX) is trading at $0.85. As such, it is possible that Coinbase may want to see the price of Glitch increase even further before considering listing it on the exchange.
Another key factor that could influence Coinbase’s decision is the trading volume of the token. While Glitch has seen an uptick in trading volume in recent days, it is still relatively low when compared to other tokens listed on Coinbase.
For example, in the last 24 hours, Glitch has traded just over $1 million worth of volume, while BAT has traded nearly $40 million and ZRX has traded over $100 million. As such, it is possible that Coinbase may want to see even more interest in Glitch before considering listing it on the exchange.
At this point, it remains uncertain if Glitch will be added to Coinbase. However, given the recent price increase and uptick in trading volume, it seems like there is a good chance that we could see an announcement from Coinbase in the near future.
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