Coinbase Lists Aethir (ATH): Price Jumps 8%
Coinbase Lists Aethir, Fueling 8% Price Spike
Coinbase added support for Aethir (ATH), a decentralized physical infrastructure network (DePIN) offering GPU-as-a-service, resulting in an 8% increase in its token price—reaching a new all-time high. While the DePIN sector shows strong growth, broader market sentiment remains bearish.
Aethir's Recent History and Coinbase's Listing
Aethir, despite several key partnerships in recent months, experienced a period of price stagnation. Interestingly, Coinbase initially declined to list ATH in June 2024. This listing comes after ATH's price peaked and crashed twice since then. The exchange's announcement caused a surge in enthusiasm.
"Coinbase will add support for Aethir (ATH)... Trading will begin on or after 9 AM PT on March 13, 2025, if liquidity conditions are met."
Coinbase's decision contrasts with the actions of 16 other centralized exchanges that listed ATH last June. This highlights Coinbase's more cautious approach to listing new tokens.
DePIN Growth and Market Conditions
The DePIN industry demonstrated remarkable growth in 2024, with revenue increasing over 100x. While this positive trend continues in 2025, the overall cryptocurrency market presents challenges.
The "Coinbase effect," which often leads to significant price jumps for listed tokens, was evident in Aethir's recent performance. However, the long-term success of ATH will depend on sustained interest and broader market improvements.
Aethir's previous price spikes followed by crashes highlight the volatility of the crypto market and the challenges faced by even promising projects. While the Coinbase listing provides a short-term boost, Aethir requires sustained investor interest to maintain upward momentum.
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Disclaimer: This news article aims to provide accurate information. However, readers should verify facts independently and consult with a professional before making any investment decisions.