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Who among Cardano, Stellar’s XLM, and Zcash will make it to Coinbase?

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Everybody wonders what new cryptocurrencies will be chosen by Coinbase to be listed next. Could it be Cardano’s Ada, Stellar Lumens’ XLM and Zcash’s ZEC? BAT is already listed now.

The Basic Attention Token is about to go live at Coinbase, deposits in that currency are being accepted since last November 3rd. It is not an autonomous token, it runs on Ethereum’s technology, but that’s fine by the exchange. The company’s announcement said,

“Once sufficient liquidity is established, trading on the BAT/USDC order book will start. […] BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.”

You may be wondering how is it that BAT fits into this story. Well, last July 13th, Coinbase announced it was exploring the option to add the BAT to its platform as well as Cardano, Stellar Lumens, Zcash and 0x.

So Bat is live now. What about the other ones? We (and many other crypto observers) expect some other cryptocurrencies to be supported by Coinbase in the near future.

It’s no surprise that the BAT market reacted favorably following Coinbase’s announcement. BAT grew by about 10% after November 3rd and gained something like $55 million in market capitalization just because of that tweet.

Getting listed at Coinbase is nothing less than any blockchain project’s wet dream. It’s a huge achievement because it adds a lot of value and trade volume to any digital asset that can manage it.

Coinbase already supports 0x and BAT. So what will happen to Cardano, Stellar, and Zcash? Let’s see.

Stellar Lumens (XLM)

The Stellar Lumens project has had some really good news recently.

Only last September they created the world’s first zero-fee StellarX exchange. This exchange supports several fiat currencies, it charges no fees, it offers total end-to-end transparency, and IBM supports it, at least implicitly.

Then, there’s Starlight. It’s Stellar’s instant payment system. Stellar’s competitive advantage is that it locks transactions funds right away in a secure channel in which only final balances are made public.

Starlight could seem similar to Bitcoin’s Lighting Network, but Stellar’s team says their system is more advanced s it provides support to secure payment channels.

As we write this Stellar’s XLM is trading in the green at $0.258, ranked sixth with a market capitalization worth $4,903,853,892.

Cardano’s ADA

ADA is already the eighth most significant digital asset by market capitalization. It’s not been doing that well lately and Charles Hoskinson, the project’s co-founder, was not afraid to manifest his displeasure to the community in the form of an open letter.

The letter explained how, in Mr. Hoskinson’s view, Cardano community is in needs of proper direction and that is hampering the ecosystem as a whole. The lack of a strategic and long-vision (and transparency) regarding financial statements are dragging the Cardano project backward. Charles also believes that the company needs better internal governance too.

There is tension within Cardano, for sure. But even so, the coin is holding its position among the world’s top ten for quite some time now. Also, the community is still growing, it believes and it’s driving the token up.

It remains at 8th place the by market cap, trading in the red at $0.075 as we write this article.

ZCash (ZEC)

ZCash recently deployed “Sapling,” an upgrade that brought many new features to the project. It increased efficiency, privacy and security for users. It happened as ZCash turned two years old. In the development team’s words: “Sapling introduces new shielded addresses with significantly improved performance: a time reduction of 90% for constructing transactions, and a memory reduction of over 97%.”

ZEC is trading in green numbers by a fraction at $134.01, but despite its high price, it’s at 19th number in the world by market capitalization.

We can’t know for sure which new cryptocurrencies will be supported by Coinbase, but these are three extremely promising prospects. Keep an eye on them and on Coinbase’s announcements which, of course, we will report for you in due time.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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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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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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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