2 Altcoins Poised for a Coinbase Listing Boom This August
Crypto's gatekeepers are about to flip the switch. Two under-the-radar altcoins—teetering on the edge of mainstream adoption—could get the Coinbase liquidity bump any day now. Here’s what’s brewing behind the scenes.
The Listing Lottery: Why It Matters
Coinbase listings still move markets like a caffeine-fueled algo trader. Projects that land on the exchange typically see double-digit pumps within hours—followed by the inevitable ‘buy the rumor, sell the news’ dump. Classic crypto.
The Contenders
While neither token’s team would confirm (wink), chain activity and regulatory filings suggest these two are next in line for the big leagues. We’re not naming names—DYOR and all that—but one’s a DeFi dark horse, the other an infrastructure play Wall Street’s starting to eye.
The Cynical Take
Let’s be real: half the ‘fundamentals’ these projects tout will be forgotten by September. But for traders? That sweet, sweet volatility window is all that counts. Just don’t be the bagholder left chanting ‘utility’ at the next bear market bottom.
MAMO
Base Network-based MAMO is one of the altcoins that leading exchange Coinbase has just added to its roadmap for August. Trading at $0.1637, the altcoin has noted a 15% rally in the past 24 hours.
In the past week, MAMO’s price has soared nearly 40%, with readings from its Relative Strength Index (RSI) hinting at a further rally in the short term. As of this writing, this momentum indicator, which measures an asset’s oversold and overbought market conditions, is at 63.23 and in an uptrend.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 63.33, MAMO’s RSI indicates more room for growth before the altcoin becomes overbought. If demand remains, the token’s price could rally to $0.1905. Strong demand could also strengthen Mamo’s case for a Coinbase listing.
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However, MAMO’s price could fall to $0.1568 if selloffs commence.
Euler (EUL)
EUL, the native token of the modular lending platform Euler, is another altcoin awaiting potential listing on Coinbase. Trading at $10.972, its price has climbed by 4% over the past day.
Amid the broader market’s lackluster performance over the past week, EUL has lost 21% of its value. On the EUL/USD one-day chart, the negative Chaikin Money FLOW (CMF) reflects the weakening demand for the altcoin. As of this writing, this stands at -0.24, trending downward.
The indicator measures how money flows into and out of an asset. A positive CMF indicates that buying pressure is dominating, often signaling accumulation.
On the other hand, as with EUL, when CMF turns negative, selling pressure is stronger, pointing to potential downward momentum.
If the decline deepens, EUL could fall to $9.668.
Conversely, if buying persists, its price could break above $11.280 and rally toward $13.576.