Bittime - The crypto community is getting good news again. The reason is, crypto exchange giant Coinbase has just announced futures listings for three altcoins, namely Hedera (HBAR), Arweave (AR), and Theta (THETA). This decision was immediately in the spotlight, considering the significant influence of listing on Coinbase on crypto prices.
When Does HBAR, THETA, AR, Start Trading on Coinbase Futures?
According to Coinbase Traders' official statement, futures listings for the three altcoins will go live on May 9, 2024 at 09:30 UTC or later. So, how does this listing impact on the price movements of HBAR, AR, and THETA?
HBAR Price Movement
Let's start with HBAR. HBAR price is observed to have increased 2% in the last 24 hours, currently trading in the range of $0.09893. This figure is close to the $1 level that HBAR had achieved after the announcement by BlackRock.
This price increase also has an impact on increasing HBAR's daily trading volume. HBAR's daily trading volume soared to $3.5 billion (around Rp51.1 trillion), placing it 27th on the list of cryptocurrencies with the largest trading volume.
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Theta Price Rises
Turning to THETA, the price was observed to experience a sudden increase of 5%, breaking through the level of $2. However, the price is still far from the All-Time High (ATH) THETA in the range of $ 15.
Despite the increase in THETA's price, its daily trading volume actually decreased by 14% to $56.6 million (around Rp826 billion). This condition indicates that there is hesitancy from investors to trade THETA at this time.
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AR Prices Soar
The most significant price movements occur in AR. In the last 24 hours, AR skyrocketed by 20%, touching the price of $32.24. The price increase managed to push AR's daily trading volume beyond $2 billion (around Rp29.2 trillion), placing it in 49th place, exactly one place above THETA.
Despite the soaring price, AR's daily trading volume actually fell 18% to $176 million (around Rp2.58 trillion). This decrease in trading volume can be interpreted as a cautious attitude of investors who are not yet willing to release AR at the current price.
Conclusion
The listing of HBAR, AR, and THETA futures on Coinbase has a positive impact on the price movements of the three altcoins. Nevertheless, the decline in daily trading volume on THETA and AR is a cautious signal from investors. Investors are advised to do in-depth research before making investment decisions, and not just fixate on the sentiment of listing on crypto exchanges.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
HBAR Price Prediction: Will Hedera Hashgraph (HBAR) Go Up?
Theta EdgeCloud: Definition, Benefits, and How It Works
About Airdrop Scam in Crypto and How to Anticipate It
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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