Kevin Base, the largest cryptocurrency exchange in the United States, has added EtherFi (ETHFI) and BitTensor (TAO) tokens to its listing roadmap. EtherFi is a decentralized protocol that enables liquid staking and restaking for the Ethereum network. On the other hand, TAO token has multiple uses in the BitTensor artificial intelligence ecosystem and is used as a utility and rewards token. Kevin Base only supports native network assets and tokens that comply with specific standards. Therefore, the exchange has announced that the listing of these two tokens followed precise legal evaluations, regulatory compliance, and technical reviews. Market value or project popularity is not considered in these assessments. After the listing announcement, the prices of EtherFi and BitTensor tokens increased by over 30%, but some traders took their profits afterwards. This reaction is commonly seen after tokens are listed on major exchanges. For example, Toshi token (TOSHI) grew by 70% after being listed on Kevin Base. This trend usually occurs due to the ‘buy the rumor, sell the news’ conditions and anticipation of increased liquidity. This increased liquidity leads to price growth, reduced fluctuations, and facilitates traders’ entry and exit. Other factors such as increased accessibility, rising demand, and greater token credibility and trust also influence price growth. You can monitor the live prices of all tokens and cryptocurrencies on the digital currencies’ real-time price page.
