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EOS could get a Coinbase listing soon, here are five reasons why

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The EOS cryptocurrency and project are the talk of the town in cryptoville for all kinds of reasons. They have some important events coming up, the price is currently low and, also, it has some enthusiastic fans who claim it’s more scalable compared to Ethereum and some very serious detractors who just call it a scam.

Nevertheless, their capitalization remains beyond $11 billion ($12.84 is the currency’s current price per token; increased in value by 16% within just 24 hours as I write this article), and they’re just about to launch their new Main Net. EOS is rising in popularity, and it would be a rookie’s mistake just to ignore that. EOS could even get listed in Coinbase sooner rather than later for several different reasons. Let’s explore them.

1. EOS’ EOSIO new MainNet is just around the corner

Something of the kind has been happening with Tron’s TRX as well since they are also about to release their new Main Net. Both coins’ prices are going up as users, investors and enthusiasts look forward to seeing how great their own independent blockchains and networks will be.

EOSIO goes live coming June 1st. In the words of the organization behind EOS, this new MainNet will be a platform in which,

 “entrepreneurs interested in building their own blockchain can fork (the) repository and customize it for their own use.”

It will also allow programmers to develop decentralized apps at their leisure. If EOS can really attract a solid community of developers (not an easy feat since Tron is trying to do the same thing exactly), then its popularity and market price can go as far as you can possibly imagine. Even beyond.

2. EOS’ first corporate app is already deployed and working

On May 15th, Synacor (a personalized media company based in Buffalo, NY) presented their new email platform, called Zimbra X. It will be an upgrade for their current email platform called Zimbra, and it’s the premier enterprise application being developed on the EOSIO. This is a huge deal! Zimbra currently has more than half a million users (which will now become EOSIO users in just one go, even if they’ll probably never know). This is a prestigious service, on top of everything, Amnesty International hosts its email with them.

Synacor’s Senior VP of Platform Products, Mr. Erynn Petersen explained that,

“EOSIO’s scalable high performance allows mainstream consumer products to leverage blockchain capabilities. We expect EOSIO to continue to emerge as a leading blockchain operating system.”

That kind of support given by such a big firm at a stage in which EOSIO is not even online yet can only encourage other firms to take this blockchain project seriously and find out what it can do for them.

3. EOS is among the list of top 5 cryptos

It used to be Litecoin. Not anymore. EOS is fifth now. Coinbase carries four among the top six coins, and as relatively new currencies as EOS and Tron are becoming undeniably relevant, they are looking to include new coins this year. EOS is very popular, and its current circulation is worth 877 million dollars. Ignoring those two simple facts wouldn’t be Brian Armstrong’s people best move.

There’s one other thing. Coinbase wants increased trade and EOS is still cheap (some would say undervalued). Adding a cheap crypto coin that is additionally among the world’s top five can only increase the trading volume (read profits).

4. EOS could become more scalable compared to Ethereum

The technology behind the EOS new Main Net is called Graphene. It’s good from ten to a hundred thousand transactions in each second and can take advantage of parallelization to bring that number up to the millions. 

That gives EOS a huge competitive advantage over Ethereum and makes it the only (the possible exception being Tron when they launch their own new Main Net) blockchain network capable of running commercial-scale decentralized applications at the production stage. If you’re wondering why scalability matters, think about this: scalability is longevity and long-term viability. Even Coinbase takes scalability into account.

5. Coinbase gets ready to grow

Coinbase expanded to Chicago last week. There are two things they want more of: investors and talent. They plan to get thirty new faces into the company before this year’s end and a hundred in the next three. Coinbase knows it’s the leader. It takes that seriously, and it wants to preserve it. And the only way they can keep that up is to include the coins that most people want to own or trade. EOS is one of them.

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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 Pxhere.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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