SOL - This 1 Catalyst From Coinbase Could Send Solana Meme Coins Skyward
2024-05-05 05:44:00 ET
Coinbase Global (NASDAQ: COIN) is a cornerstone of the cryptocurrency ecosystem, providing investors with an easy on-ramp to convert their dollars into a plethora of different tokens. While it isn't the only company providing those services, it's clear that with such a privileged position, its offerings tend to have big impacts for cryptocurrencies, including popular ones like Solana (CRYPTO: SOL) .
Coinbase recently launched a new service that'll likely catalyze growth for Solana, as well as for the many meme coins that are on the chain. Here's what's happening, and how you can position yourself to profit.
It's difficult to get into cryptocurrency investing for the first time. Much of the blockchain technology itself is clunkier than typical consumer-grade software applications. Plus, the space has so much technical lingo to learn, so many slang terms to be aware of, and a reputation for scams and risk that it's enough to keep many people away altogether.
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This 1 Catalyst From Coinbase Could Send Solana Meme Coins Skyward