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Here’s Why Dash (DASH) Is Next In Line For A Coinbase Listing

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Dash Logo

If you’re an altcoin in the currency cryptocurrency environment, few things are going to serve as potential upside drivers more than a listing on Coinbase. As many reading will likely already be aware, the exchange/wallet service is basically THE company as serving as a bridge between the cryptocurrency and mainstream financial sectors is concerned and the ease with which individuals can head on over to the platform and purchase a cryptocurrency means that a listing brings with it a flood of fresh demand, based purely on the fact that an individual doesn’t have to waste time exchanging fiat for a coin like Bitcoin (BTC) and then exchanging that BTC for their small capitalization coin of choice etc.

DASH Daily Chart

DASH Daily Chart

Pick up a holding in a small coin ahead of an announcement that leads to a Coinbase listing, therefore, and you’re in for a pretty substantial payday.

So what’s the next coin in line to achieve a listing?

We think it’s Dash (DASH).

Sure, people will point out that higher capitalization coins like Ripple (XRP) and Stellar (XLM) are first in line or are at least ahead of Dash as far as qualification is concerned.

And sure, there is a degree of validity to the documents.

The thing is, however, both XRP and XLM form the basis of financial transaction systems that, in turn, are designed for integration with enterprise-level technology. The two cryptocurrencies facilitate function of this technology, but they exist to perform against a very specific use case.

Dash, on the other hand, is a whole different animal.

Some reading might remember when this one was called DarkCoin, or even XCoin for the old-timers, and, just as with bitcoin, DarkCoin got its big start as being the coin of choice on many of the underground markets.

The reason for this?

Because of its privacy features. This coin does what many others do not – it offers the potential for anonymous transactions and transaction masking as well as wallet balance hiding.

This, of course, makes it perfect for underground marketplaces but, just as was the case with bitcoin, it’s now grown up and has a very real potential to replace some of the higher capitalization coins as a transaction token in the above-ground marketplace ecosystem.

The Dash rebranding went a long way towards shifting some of the negative connotations associated with DarkCoin and, as things stand, this is the preferred privacy coin (yes, we are aware of Monero, but for us, Dash is one step ahead) and it fills a real gap in the market right now.

Imagine if somebody wants to pay rent with cryptocurrency but doesn’t want anybody with a blockchain explorer to be able to see how much they’re paying. Similarly, imagine if somebody wants to accept a paycheck in cryptocurrency. There are thousands of more examples of the sort of use case in which the ability to remove the visibility of a transaction from a blockchain could be a huge benefit.

When considering a new addition, CoinBase looks of the following:

  • Mission and Values
  • Technology
  • Legal and Compliance
  • Market Supply
  • Market Demand
  • Crypto Economics

And Dash scores incredibly well against each of these points.

Sure, there may be some concern surrounding the compliance side of the equation (given a small team and an anonymous lead dev), but, as far as everything else is concerned, Dash looks like a winner.

We think a $10 billion capitalization pretty much overnight is far from unrealistic in the event of a listing or any rumors suggesting that a listing could be around the corner. Based on current supply, that’s a price target of just shy of $1300 a coin.

We will be updating our subscribers as soon as we know more. For the latest on DASH, sign up below!

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.


Image courtesy of DashCentral

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Crypto Apps

Sylo launches game-changing solution Oya and announces integration with Tezos

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Software development company Sylo has officially launched Oya today – a complete reimagining of its backend architecture. The company said the new product “leads the way for mainstream decentralization.” Sylo’s goal is to democratize access to communication and financial capabilities, without sacrificing privacy, personal data and user experience. Additionally, Sylo has deployed wallet support for public blockchain Tezos in their multi-chain wallet-messenger decentralized app, the Sylo Smart Wallet, which currently has over 250,000 users around the world.  

“We’ve solved the hard issues of scalability, performance and fair-reward in a decentralised setting, allowing developers to build apps with a real competitive advantage. The launch of Oya brings our vision of a future worth looking forward to, a whole lot closer and we’re really excited about what can be built on this new decentralised foundation,” said Ben Jordan, Sylo Co-Founder and Product Director, in a statement.

“The Oya Launch opens the door to a plethora of new features and business opportunities, many of which we will be unveiling over the next two quarters,” said Dorian Johannink, Sylo Co-Founder and Business Director.

The Tezos blockchain supporting firm TZ APAC is advising Sylo on technical integration of Tezos, to improve developer experience and increase adoption of the Sylo wallet in…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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