Layer-2 Project Using Facebook’s Move Language Rallies Hard as Coinbase Adds Trading Support
One new layer-2 Ethereum (ETH)-based altcoin jumped by triple digits as top US crypto exchange Coinbase added its support. Movement (MOVE) soared to a high of $1.45 Monday, a gain of more than 135% from its low of $0.616, as Coinbase announced the digital asset was listed on its platform for trading. MOVE has since retraced and is trading for $0.65 at time of writing, down 13.1% in the last 24 hours. With a market cap of $1.46 billion, it is the 96th largest crypto project. Coinbase added the “experimental label” to MOVE, which the platform assigns to tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability. MOVE also recently gained support on top crypto exchange Binance and Korean crypto exchange Upbit. Move is a programming language originally built by a consortium backed by tech giant Meta for the now-defunct Diem project. It was then used to develop layer-1 blockchains Sui (SUI) and...