In the present time, it has become common for a new cryptocurrency exchange to make it to the top and earn the spotlight. Ever since the cryptocurrency industry picked up in the year 2021, several cryptocurrencies are being introduced on a daily basis.
These cryptocurrencies are also after fame and recognition, wanting to experience the same popularity as DOGE and other crypto-assets.
At present, almost 10,500 cryptocurrencies are flowing through the crypto-verse on different blockchains. This is the reason why it has become extremely difficult for an exchange to gain recognition and popularity.
Many cryptocurrencies being launched in the crypto-verse end up offering the same innovation and services. This is the reason why people do not go for all the cryptocurrencies and go straight for the ones that are popular.
When it comes to gaining popularity and recognition, the best strategy for old or new cryptocurrency is to get enlisted on a world-renowned cryptocurrency exchange.
If it is a matter of getting enlisted on a major cryptocurrency exchange at present, then there is no cryptocurrency exchange that can match Coinbase. Coinbase is currently the largest exchange in the entire crypto-verse in terms of trading volumes.
The exchange has gained so much recognition and popularity that it even launched its own stock via NYSE back in April. Therefore, getting oneself enlisted on Coinbase is the best thing that can happen to a cryptocurrency.
Just recently, it was the token of Flexa that experienced an all-time high right after its enlisting on Coinbase. Flexa is a cryptocurrency payments application that has its own cryptocurrency token dubbed “AMP”.
A couple of on-chain data analytical firms have shared data surrounding the listing and rally of AMP through Coinbase. The data shows that on Thursday, June 17, AMP ended up experiencing an all-time high of $0.11 per token.
Flexa aims to become a blanket solution for crypto spending and acceptance. It claims that it is the first-ever application that provides brick-and-mortar retailers a payment option in digital currencies.
Initially, the token launched by Flexa was dubbed as Flexacoin (FXC). Following an overhaul of the token infrastructure, the token was later dubbed “AMP” last year.
The data shows that since the overhaul and name change, the token has gained a lot of adoption rate and popularity. At the beginning of the year 2021, the price of the AMP coin was $0.006 and now, it is at $0.11. This shows that the coin has gained a 1,700% growth in price from the beginning of the year until now.
Flexa is also making a lot of progress when it comes to being adopted by mainstream and e-commerce solutions. Just recently, Flexa formed a partnership with Shopify, which is a multinational e-commerce company based in Canada.