After a strong rally over the last 24 hours, Polkadot is trading at around $24.50.
Polkadot has seen a price rally of 15% following a listing on Coinbase Pro, leading to an inflow of buyers for the coin.
Coinbase however urged caution on the listing regarding how it will work in the order books:
“If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules,” Coinbase said in a statement.
If this phase is successful, then DOT may be added for Coinbase’s non-pro members so they too can pick up a bag of the coin if they wish to.
Polkadot joins a number of other coins that have recently been added to Coinbase including Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), Dogecoin (DOGE), Internet Computer (ICP), Cartesi (CTSI), iExec (RLC), Mirror Protocol (MIR) and Tellor (TRB).
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What makes Polkadot special and why should anyone buy it?
Polkadot will make its Coinbase debut tomorrow, so some traders will be buying it up now in anticipation of a potential price spike.
However the old adage of buying the rumour and selling the news may apply here – so the 15% rise we have already seen may have already factored into this listing.