Cardano (ADA) progressed just as Bitcoin did at the beginning of this month, in which its price grew from its earlier price tag of $0.115 as of June 29th to $0.169. Its $0.169 price tag has been on, before until recently, as it dipped down to $0.141 this week following the market trend (almost all of the coins are trading in red at the moment). Currently, Cardano (ADA) has a market cap of $3.6 Billion, and it holds the no 8th spot on CoinMarketCap – the cryptocurrency has held this position despite the ups and downs in the crypto sphere.
Cardano has the potentials to attain a higher price mark through a Coinbase listing. Coinbase announced its latest intents to feature five new cryptocurrencies to its platform. The three “top dogs” for Coinbase listing may be Cardano (ADA), Stellar (XLM), and 0x. Coinbase’s statement caused a transient increase on Cardano’s price at $0.115 to $0.169. But one question that comes to the mind despite all these is: does Cardano have good chances to be listed on Coinbase? Probably yes, it does.
Cardano (ADA) has good chances to be listed on Coinbase, even though the chances are on the low side when compared to other cryptos to be listed by Coinbase. That said, Cardano offers high supply, low price-per-coin and it is in a good position by market capitalization. Cardano has had the most of the year that even Coinbase customers are aware of, and the crypto-coin has an attractive price point for Coinbase customers.
Furthermore, Cardano is a well-decentralized cryptocurrency, and indeed, this is one of the criteria that Coinbase customers lookout for. It is important to know that Cardano (ADA) is also made up of a decentralized community and as a result of its decentralized platform, it may get featured on Coinbase any time soon.
Coinbase recently listed Ethereum Classic, and it is important to know that one company that is in close partnership with Ethereum classic is none other than IOHK, which is managed by Charles Hoskinson, also the CEO of Cardano (ADA). But even at this, it is probable that a cryptocurrency like 0x will be the first to be listed on Coinbase even though Coinbase announcement caused ADA to gain $60 million in volume.
Nevertheless, Hoskinson aims to make Cardano one of the most traded cryptocurrencies in the market. Its current project, Ouroborus, is doing quite well and it is a big feat for Cardano. With Ouroborus, Cardano will be more scalable and efficient for its users even as it waits for a listing from Coinbase. As one can understand, if Coinbase lists Cardano, it will be known in massed and more developers would produce Dapps on its network.
Cardano is highly regarded as a blockchain network with a sophisticated smart contract-focused project in the crypto sphere today, and this is one reason why Coinbase might consider it.
Although there is no specific information on Coinbase selection process, still, that would be obvious very soon. ADA’s price hasn’t attained its 2017 highs, but a Coinbase listing could bring it nearer to its $1 trillion forecast.
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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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