Shadow Token (SHDW) Skyrockets After Surprise Listing on Coinbase, Solana-Based Altcoin Gains 18%

The cryptocurrency world is abuzz with excitement as a Solana-based altcoin, Shadow Token (SHDW), experiences a surge in value following a surprise listing on Coinbase, the leading crypto exchange in the US. The announcement of SHDW’s addition to the trading platform sent the token soaring, with a remarkable 18% gain in just one day.

Shadow Token, which will be available for trading on Coinbase starting Wednesday, is currently trading at $1.95, up 7% in the last 24 hours. Despite the slight retracement, the listing on Coinbase has brought significant attention to this cryptocurrency.

Described as a cryptocurrency focused on the sustainability and security of decentralized data storage infrastructure, Shadow Token serves as the native token for the ShdwDrive network, a high-performance cloud storage platform. The project team highlights the network mechanisms in place to secure the network and drive value, turning token holders into active participants.

Coinbase has also recently announced the addition of another Solana-based altcoin, Tensor (TNSR), to its trading platform. TNSR, the most popular NFT platform on Solana, is currently trading at $1.60, down more than 14% in the last 24 hours.

As the cryptocurrency market continues to evolve, investors are advised to do their due diligence before making any high-risk investments. The Daily Hodl reminds readers that all transfers and trades are at their own risk, and any losses incurred are their responsibility. Stay informed by subscribing to email alerts and following The Daily Hodl on social media platforms.

With the rise of Solana-based altcoins like Shadow Token and Tensor, the crypto community eagerly anticipates further developments in this exciting space.