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Cardano (ADA) Wants its Place on Coinbase

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Cardano
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Cardano (ADA) has stated recently that their goal is to become the next coin to be listed on Coinbase. According to them, the announcement from Coinbase which will confirm this is about to come soon.

As of yet, the crypto exchange has not announced anything regarding the plans of introducing any new coins. Still, this will soon change, according to Cardano, which believes that Coinbase is currently targeting various markets around the globe.

The statement from Coinbase itself says that they intend to support the Ethereum’s technical standard called ERC20. Different ERC20 assets regarding the Coinbase products will be supported by this as well, but the exchange does not plan on supporting any specific features or assets at this time.

Cardano’s potential for entering Coinbase

As many already know, Cardano is made in order to allow its users to make different decentralized apps, as well as to make transactions instantly via P2P networks. Since it is a blockchain with a unique nature, it is favorable for those who wish to create dApps and make transactions nearly instantly, and almost for free, at that.

As a coin, it is backed throughout the Americas, South Asia, Europe, and, of course, in its parent country – Japan.

The best platform for smart contracts in the world

The evolution of smart contracts regarding the blockchain tech is advancing rapidly. For now, the leader in this area is definitely Ethereum. However, ADA is seen as a close second, with EOS coming close to this position as well.

Cardano is written in a very complex programming language which is using equally as complex mathematical logic. It is called Haskell, and its coding allows for some of the best security, as well as the fastest transactions. In some ways, this platform can even beat Ethereum itself, and there are those who believe that this is something that will actually happen in the near future.

Still, even though the platform itself is more than excellent, this is not enough for ADA to add its name to Coinbase’s list just yet. In itself, Cardano is more than just a blockchain. Its coins are stored in a very safe platform called The Daedalus Wallet, which is an additional reason why Coinbase might seriously consider adding this currency. The security, obviously, comes first here.

Cardano’s place allows it to influence strategic customers

There are many things that Cardano has in common with Coinbase, especially when we are talking about their available customers. The recent increase in both, Singapore and Europe really stands out here. The increase in Cardano is growing in Europe particularly, and 8 out of 10 strongest countries have been searching this token on Google actively. Top searches of Coinbase come from at least 5 of the same countries that are so interested in Cardano. Those include Slovenia, Cyprus, Switzerland, Croatia, as well as the Netherlands.

Obviously, Cardano is gaining popularity in Europe, and adding it to Coinbase would be a very good strategy since it would provide a lot of influence in this area. The market is prepared, and the customers are there. All that remains now is for the Coinbase to release the announcement.

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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 Jon Russell via Flickr

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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crypto projects
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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