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.
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
- 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
How to Buy Apple Products with Bitcoins
The Apple keynote presentation is an event that all Apple geeks look forward to. In this event, a ton of announcements are made regarding Apple’s new products that are coming out. A few days ago, Apple announced its new line of brand-new and innovative iPhones along with iOS 12. Apple has been pushing quality products for the longest time and now is not an exception. These brand new iPhone XR, XS, and XS Max are looking as sleek as ever. Looking to get one of these sleek new phones? Want to get Apple products with bitcoins?
On Paxful, there are over 350 payment methods currently available, and one of those payment methods might just be able to get you an iPhone. Be assured that using this method is extremely easy and safe. I’m going to teach you how to do it, step-by-step.
How to obtain your Apple products with bitcoins
If you don’t already have a Paxful account, you should probably go make one now. Don’t worry, it’s extremely easy and it’s incredibly fast. You even get your own free bitcoin wallet upon registering an account. You’ll then need to buy bitcoins to fund your wallet.
After loading your wallet, you can proceed to look for offers to buy gift cards. On Paxful, there are tons of great offers available…
The Largest Decentralized Streaming Platform, Blockchain based “Twitch” DLive, Brings Content to Android
DLive, the largest blockchain streaming platform in the world is announcing some impressive growth figures and a new app launch today. The platform, which launched on the web six months ago, has shared that they recently hit 500,000 monthly active users. They also shared that their creators have earned a combined $2.6 million on the platform to date. Riding this momentum, DLive is launching on Android with the app available for download now on the company’s website.
Built on the Steem blockchain, DLive is a Twitch-style decentralized platform that is looking to dethrone the live streaming companies by using blockchain. By removing the middleman, DLive believes that they can democratize video streaming and return the ecosystem back to the creators and fans who make it so great.
For creators, DLive doesn’t take any share of their streaming revenue, giving them greater earning potential. Creators can also receive gifts from fans in the form of hearts, hugs, golden rings, and donations. DLive also has a dedicated team that monitors videos and pays creators directly for good videos. DLive uses the STEEM token as its primary currency.
“Blockchain has enormous potential to change how people stream and watch videos,” said Charles Wayn, CEO of DLive. “Today, the industry is dominated by a few…
Are Social Platforms The Way Forward In Cryptocurrency Investment?
Cryptocurrency investment is a term that can have expert eyes lighting up and newcomer brains fried. For those already within the cryptocurrency industry, talk of investment improvements is one that is consistently ongoing, with new innovations, priorities and demands consistently shaking up the discussion, but none has done this more than social platforms. While investment hasn’t been a ‘solo’ act, exactly, partaking in a social trade isn’t something that many investors, especially those of cryptocurrencies, will have much experience in doing. However, with leading platforms taking this on, could social platforms be the way forward in cryptocurrency investment? Read on to find out.
What Is Social Trading?
While social trading is technically nothing new, the rise of online and Internet-based trading have given this term a much more technology-based meaning. Essentially, social trading is the act of following the trading activity of another trader and usually copying what they do if there are enough trust and belief in their chosen action. Through online social trading platforms, giving and receiving feedback and mimicking the exact actions of another trader who may have more expertise is made extremely simple. Considering that trading is often based off of trends and market movement, traders could opt for following influencer activity as opposed to utilising indicators or trend analysis themselves.
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