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Basic Coin Token (BAT) spikes amidst Coinbase support launch

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Basic Coin Token
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Amidst the downtrend in the crypto-market lately, Coinbase, the biggest cryptocurrency exchange in the United States has decided to list Basic Coin Token (BAT) to its ‘Pro’ platform.

Coinbase decision to add BAT Tokens to Coinbase Pro will allow BAT/USD trades very soon but only when there is enough liquidity on the digital asset, but deposits are already available on the platform. Coinbase also announced that all the trading features concerning Basic Attention Token would be available in all areas, besides residents in New York. It is important to know that BAT Tokens are not available yet on the official Coinbase website, but we may see the listing before the year comes to an end.

Here is a full statement by the exchange:

After 1 pm PT on Friday, November 2, we will begin accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading on the BAT/USDC order book will start. Users may convert their USD to USDC with one click within the Pro interface as described here

The exchange continued saying,

“BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York. Please also note that BAT is not yet available at Coinbase.com or in our iOS and Android apps. We will make a separate announcement when that occurs.”

Undoubtedly, Basic Coin Token (BAT) is a top-notch cryptocurrency from the newly-formed BRAVE – a web browser. It is also a cryptocurrency based on Ethereum’s protocol; during BAT’s ICO launch, it was recorded that the blockchain project collected more than $35 million in thirty seconds. Mind-boggling.

According to a post by Coinbase on its blog, BAT will be released in 4 stages: transfer only, post only, limit only, and full-trading. As the name suggests, the full-trading stage will offer limitless trading for traders and BAT investors, including stop-orders. Coinbase does not allow retail trading on its platform and iOS and Android applications.

The Surge in Basic Attention Token (BAT) Price

After the Coinbase statement concerning the BAT listing on Coinbase Pro, the value of Basic Attention Token rose from $0.26 to $0.345 in no time, recording an increase of more than 30 percent within 20 minutes on November 2nd.

At the time of writing, Basic Attention Token has settled at $0.32 price level. BAT looks to replicate Ox when it was featured on Coinbase Pro last month as the cryptocurrency has surged by more than 7 percent in the last 24 hours.

Nevertheless, lots of questions have been asked by traders on which cryptocurrency will be next to be listed. Notable cryptocurrencies with great prospects have been tipped to be listed very soon after Basic Attention Toen (BAT). It is necessary to know that cryptocurrencies such as Cardano (ADA) and Stellar (XLM) have been the most-talked-about to be listed on the platform shortly.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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