Coinbase’s Announcement of Altcoin Support on Ethereum Network Sparks Rallies in Both

Two altcoins based on Ethereum (ETH) are experiencing significant growth following their endorsement by a leading US-based cryptocurrency exchange. Coinbase has recently announced the addition of Maple Syrup (SYRUP), a decentralized finance (DeFi) platform, and Aethir (ATH), an AI-based token, to its range of digital assets. The announcement from Coinbase preceded a surge in the value of both tokens. These additions come shortly after Coinbase included SYRUP and ATH in its listing roadmap, leading to a notable 40% price increase for both assets. The news of this support has driven SYRUP’s price up by 28.7% and ATH’s price by 14.4% within a day. Aethir is a decentralized cloud computing protocol focused on providing GPU capabilities to AI and blockchain-based games, while Maple Syrup facilitates lending and borrowing through under-collateralized loans in the DeFi space.

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