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Ethereum Classic (ETC) is Moving Up with RADEX, Coinbase and New Listings

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Ethereum Classic
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Ethereum Classic is looking forward to its 3rd birthday that should be marked on July 30th. At the same time, this marks three years since Ethereum had its first fork ever (and the last for now) which came as a result of the well-known failure with DAO, which further resulted in a massive stealth of ETH funds. That is how ETC was created as an offspring of the second-best currency in accordance with the global coin ranking list. However, with the new listings and new blockchain ventures on its agenda, ETC seems to be more than just Ethereum’s fork. Ethereum Classic is finally getting some recognition in the crypto community.

Coinbase Announces Ethereum Classic

To understand the momentum revolving around getting an ICO listed on Coinbase, we just need to reflect on the fact that Ripple, one of the top three currencies in the cryptoverse, is aiming at getting listed on this exchange platform.

Besides from having listed only Ethereum, Bitcoin Cash, Litecoin, and Bitcoin, by far, so Ripple foundation feels like their XRP currency belongs on one of the top exchange platforms in the US.

Although XRP might be eligible to get listed on Coinbase, the team behind one of the biggest exchanges in the world turned their heads elsewhere, announcing that they will be adding Ethereum Classic in the following months.

This is maybe one of the most important events the ETC has become a part of for the past couple of months and further, so it is no wonder that Ethereum Classic got to see a flattering rise in its price the same day the announcement came from the official release on the behalf of Coinbase team.

The marked rise showcased a benevolent addition of 25% of gains against the dollar, which came after the official announcement of Coinbase listing, that way pushing ETC up against all the odds.

Coinbase went forward with announcing this addition to their list of trading currencies to the public even though ETC is still months away, however in their release published back on June 11th, the team stated that the public announcement of the listing makes up for a part of the process they always follow during each new currency they are planning on adding to the list of live trading assets.

In their official release for Medium, Coinbase stated on June 11th that the team is currently at step 4, which means that they are in the middle of the engineering process for adding support for Ethereum Classic, after which the technical support for ETC will come, followed by the official announcement from Coinbase.

The announcement and the launching of ETC on their official live trading list of coins will come as the fifth step in their process of adding new coins to their exchange, after which Ethereum Classic should get an official listing on Coinbase.

Coinbase added that the final date when ETC will become available on their list is still to be announced.

Ethereum Classic Gets More Listings                                           

After having the Coinbase listing announced two weeks ago, Ethereum Classic was brought to attention when ETC got two more listings which were announced several days ago.

On June 22nd, the announcements on having Ethereum Classic listed on CoinBene and Novaexchange went in public on Twitter, which added more momentum to the story of Ethereum Classic getting announced to be listed on Coinbase.

Novaexchange and CoinBene are no Coinbase that is for certain. For example, Novaexchange was brought into question for more than several times during the last year when it was doubted that this exchange was actually a scam.

Since these allegations seem to have not gone further than being false accusations, Novaexchange is still successfully operating, while based in Sweden.

CoinBene, based in Singapore, is another one of the announced listings for June, which might contribute to the overall exposure of ETC in the market.

Ethereum Classic Announces RADEX

RADEX was announced as the first decentralized exchange exclusively designed for Ethereum Classic.

The decentralized exchange dubbed RADEX was entirely manufactured by Saturn Network, with the launching date set the latest for June 24th, while the team ETC released the decentralized platform as previously scheduled.

RADEX will be the first decentralized exchange based for the operations with ERC233 tokens, however, the platform will not only be handling transactions but will also have the needed tools to ensure easy interacting with smart contracts.

The exchange is said to have 0% fees, which contributes to its decentralized nature, while also supporting the expansion of ERC233-based tokens.

Ethereum Classic (ETC) Performance

Ethereum Classic, alongside with over 80% of currencies can be seen progressing in the market while following the latest benevolent market trend.

With the recent change in the market, ETC has seen an amazing set of gains by reaching a bit over 12% against the dollar in the last 24 hours.

After the latest change in its price, ETC can be purchased at the price of 15.80$.

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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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Altcoins

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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Altcoins

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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