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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.

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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 Flickr

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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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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