Assemble Protocol’s ASM token has been listed on Coinbase and Gate.io, should you buy it?

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Oct 27, 2021
  • ASM got listed on Coinbase and Gate.io.
  • This listing showcases heightened interest in the ASM token.
  • As a result, we could see an increase in the value of the ASM token.

Assemble Protocol ASM/USD is an Ethereum-based utility token that powers the Assemble Platform.

It is a platform where users, as well as merchants, can aggregate, as well as manage and spend rewards or loyalty points that they have acquired.

The Coinbase and Gate.io listing as a catalyst for growth

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On October 21, the blockchain-based global point integration platform Assemble Protocol announced its listing of the utility token ASM went live on Coinbase Pro. Specifically, on Coinbase Pro, the ASM-USD and ASM-USDT pairs were enabled.

Assemble Protocol noted that SAM met the liquidity conditions required during the pre-listing phase, and ASM holders, through the listing, are now able to deposit, trade, exchange, and withdraw the tokens on Coinbase exchange in both crypto as well as FIAT pairs.

On October 22, it went live on Gate.io, where users could deposit, withdraw and trade ASM tokens.

This listing shows a high level of interest in the ASM token.

Through all of this, we can expect the value of the Assemble Protocol (ASM) token to increase in value.

Should you buy Assemble Protocol (ASM)?

On October 27, Assemble Protocol (ASM) had a value of $0.08513.

To get a better perspective as to how far this token has grown or fallen in value and what kind of potential it has for future growth, we will compare it to its all-time high value as well as its performance in September.

The all-time high value of ASM was on April 26, where the token had a value of $0.64514. At its ATH, the token was $0.56001 higher in value or by 657%.

In terms of the performance in September, on September 2, the token had a value of $0.06444. This was its highest point.

Its lowest point of the month was on September 22, where it fell to a value of $0.0332.

Here, we can see that the token fell in value by $0.03124 or by 48%.

However, from September 22 to October 27, Assemble Protocol (ASM) increased its value by $0.05193 or by 156%.

With this in mind, we can expect the token to reach $0.1 by the end of November. 

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