Coinbase Gears Up for EigenLayer Listing: What Investors Need to Know

YEREVAN (CoinChapter.com) — Coinbase has officially added EigenLayer (EIGEN) to its future listing roadmap. This inclusion aims to expand the cryptocurrency exchange’s portfolio, particularly focusing on Ethereum-based assets.

Anticipation Builds Around EIGEN’s Market Prospects

Previously, assets like Zetachain (ZETA) and Gravity (G) have experienced price increases following their addition to Coinbase’s roadmap. Now, with EIGEN set for a similar journey, investors are speculating about possible price movements and preparing strategies based on these expectations.

Coinbase has advised its users to wait for the official launch before investing in EIGEN tokens. The exchange categorizes new assets like EIGEN as “Experimental,” – the potential risks and volatility due to their novelty.

Stakedrop Continues for EigenLayer

EigenLayer’s second stakedrop phase began on September 16, 2024, and it extends until March 16, 2025. This phase allows participants to secure their EIGEN tokens, setting the stage for the upcoming listing.

While the crypto community has given mixed feedback about the stakedrop, particularly about the distribution volume, EigenLayer maintains a robust position in the decentralized finance (DeFi) sector. With a Total Value Locked (TVL) of $11.9 billion, it stands third in the ranking, following leaders like Lido and Aave.

Market Cap Predictions for EigenLayer

Analysts, including crypto researcher Ignas, predict that EigenLayer might reach a market cap of approximately $600 million once it starts trading. With around 87 million tokens distributed this season, this figure represents about 5.2% of the total supply. Although the pre-market price of EIGEN is trending downward, the upcoming Coinbase listing might trigger a positive price adjustment.