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Photo: the Coinbase blog
There is more time for the market to recover after the announcement of the main worldwide cryptocurrency exchange. Coinbase is adding new listings, as the platform has once again been pushed out of the crypto-community.
This time Coinbase has an eye for some more digital coins that some say will soon be part of the broad platform offering. Coinspeaker the other day stressed out an upward trend in the market towards Cardano, Zcash and Stellar, which according to sources will become part of the Coinbase commercial curriculum.
The upward trend called the "Coinbase effect" explains a short-term increase in the price of coins which, for a moment, reminded investors once a flourishing cryptocurrency market. In the wake of the Coinbase lists, both Cardano, Zcash and Stellar have been trading on positive momentum with a slight but evident increase in their value.
Today almost everyone has returned to the starting point, while the enthusiasm of investors is gradually fading. Nonetheless, Coinbase has the foresight to reserve some surprises to keep their interest.
Coinspeaker has come up with a list of potential Coinbase additions that have every chance of improving the exchange soon.
Stellar (XLM)
The first in a row at the stands of the Coinbase offers Stellar (XLM). Developed by Jed McCaleb, creator of Ripple, the Stellar ecosystem supports an alternative payment network that connects people with various financial institutions. The stellar native token, in turn, contributes to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
Currently Stellar (XLM) is trading up to $ 0.26 per unit replacement EOS among the top 5 cryptocurrencies in terms of market capitalization. In particular, the news of Coinbase's listing has been determined as a key factor for such a surprising success.
Carnado (ADA)
The second to go for Coinbase is Carnado (ADA). The decentralized cryptocurrency project enhanced by Carnado (ADA) is developing an intelligent contract platform, which aims to provide more advanced features than any previously developed protocol.
The downward trend for Carnado (ADA) seems to be interrupted when Coinbase has announced that among their expectations it will join the platform. Today, the price of the digital currency remains close to the benchmark of $ 0.75, while the amount of trade volume saves Carnado (ADA) to the eighth position in the list of available cryptocurrencies.
Binance Coin (BNB)
The digital currency that bears the famous crypto-exchange also has a good chance of being listed on Coinbase in the near future. As it comes from the name, established offer of 200 million Binance Coin (BNB) it is mainly used to undergo transactions carried out by exchange users.
At the moment, Binance Coin (BNB) is trading at $ 9.28 with around 130 million outstanding BNBs. The relatively stable price level together with the support of Binance makes Binance Coin (BNB) the fourteenth cryptocurrency resource available for investment.
EOS (EOS)
notorious EOS (EOS) it is the next possible listing of Coinbase, even if the suspicion of a false decentralization has weakened public support for this promising currency.
Being called the stronger opponent of Ethereum, EOS (EOS) lost its splendor later the report made by an independent test agency. As a result, the tremendous declared capacity of the newly launched EOS network has been questioned, while the network itself would have failed to decentralize.
Obviously, this uproar negatively affected the price of EOS (EOS) which eventually sold its positions to Stellar (XLM).
Today the price of the currency has been set at $ 5.17, serving sixth place in the crypto-rank.
Ripple (XPR)
The last but not least coin waiting to be added to the Coinbase offer is Ripple (XPR). It may seem strange why such a large digital currency has so far not been listed on Coinbase. Conceived as a blockchain-based alternative for SWIFT, Ripple is known for its wide-ranging incorporation into interbank settlement systems and remittance corridors.
Yet, the company behind the robust technology has repeatedly affirmed the dual nature of Ripple and the altecoin itself. This statement must now be examined carefully while the company is facing a legal process as regards the normative nature of cryptocurrency.
Once Ripple (XPR) completely erases its reputation from a security patch, it is likely that the coin will join a bandwagon of Coinbase's cryptocurrencies. Now Ripple (XPR) is trading at $ 0.5056 remaining strictly the third largest cryptocurrency in terms of market capitalization.
