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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

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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