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Here is why Cardano (ADA) could get listed on Coinbase soon

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Cardano ADA
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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.

Final words

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.

Image courtesy of Maxpixel.net

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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