2 Altcoins Waiting to Be Listed on Coinbase in August 2024

Investor interest is rising as there are many speculations about two altcoins that could be listed on Coinbase this August.

With these listings often serving as a catalyst for significant price movements, traders are positioning themselves early in hopes of leveraging the so-called "Coinbase effect".

MAMO

Base Network MAMO is one of the altcoins that the leading Coinbase exchange recently added to its roadmap for August. Currently trading at $0.1637, this altcoin has recorded a 15% increase in the past 24 hours.

Over the past week, MAMO's price has increased by nearly 40%, with the Relative Strength Index (RSI) indicating the potential for continued short-term price appreciation. At the time of writing, this momentum indicator, which measures overbought and oversold conditions of an asset, is at 63.23 and trending upward.

The RSI measures the overbought and oversold conditions of an asset. It ranges from 0 to 100. Values above 70 indicate that an asset is overbought and may decrease in price, while values below 30 suggest the asset is oversold and may recover.

At 63.33, MAMO's RSI shows potential for growth before becoming overbought. If demand is maintained, the token's price could rise to $0.1905. Strong demand could also reinforce Mamo's potential listing on Coinbase.

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However, MAMO's price could drop to $0.1568 if selling pressure begins.

Euler (EUL)

EUL, the native token of the modular lending platform Euler, is another altcoin awaiting potential listing on Coinbase. Currently trading at $10.972, its price has increased 4% in the past day.

Amid the generally weak market performance over the past week, EUL has lost 21% of its value. On the EUL/USD daily chart, the negative Chaikin Money Flow (CMF) index reflects weak demand for this altcoin. At the time of writing, this index is at -0.24 and trending downward.

This index measures the inflow and outflow of money from an asset. A positive CMF indicates that buying pressure is predominant, typically signaling accumulation.

Conversely, as with EUL, when the CMF turns negative, selling pressure is stronger, indicating a potential price decline.

If a deeper decline occurs, EUL could drop to $9.668.

Conversely, if buying continues, its price could surpass $11.280 and rise to $13.576.