Why POPCAT and PENGU are growing

Coinbase, the third largest centralized exchange (CEX) by trading volume, announced the listing of Popcat (POPCAT) and Pudgy Penguins (PENGU)

  According to CoinMarketCap, the price of POPCAT rose 30% and PENGU rose 10% on the back of the news.ʼʼ  

Coinbase will list POPCAT and PENGU

  According to Coinbase, spot trading of POPCAT and PENGU will open on February 13. Before that, two other cryptocurrency exchange platforms - Coinbase International Exchange and Coinbase Advanced - will offer trading in perpetual contracts for Popcat and Pudgy Penguins tokens.   POPCAT token showed the biggest growth. At the moment of writing this material its price is $0.3286 with capitalization at the level of $322 million.   Memcoin has been in a downtrend since November.     The trading volume of POPCAT after the announcement of its listing on Coinbase soared by more than 130%. Now this figure exceeds $166 mln.
  PENGU token also grew, but showed more modest dynamics. Over the past 24 hours, its value increased by 8.8%.
  In January, quotes of the coin from the popular collection of non-fungible tokens (NFT) Pudgy Penguins fell by 65%. Last week, the asset broke through an all-time low at $0.009311. Since then, the price of PENGU has recovered 12% and now stands at $0.01042.     The cryptocurrency's capitalization is currently valued at $654 million. PENGU's trading volume over the past 24 hours rose 117% to $173 million.
Coinbase announced plans to list POPCAT and PENGU in early February. Along with them, the cryptocurrency exchange also added the MORPHO token from a project of the same name from the decentralized finance sector (DeFi) to the roadmap.   On the background of the news, all cryptocurrencies rose. However, they failed to maintain the upward dynamics. Now investors are closely watching what will happen to the coins added to the Coinbase platform after the official start of trading.