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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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