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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Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…