The Case For EOS To Be Added In Coinbase
EOS founders Dan Larimer and Brendan Blumer have been working hard to develop their revolutionary decentralized app platform. They launched their ICO back in 2017 using the Ethereums ERC20 token standard and raised $300 Million. Currently EOS tokens are available for trade on Binance, Huobi Pro, Exodus, and Upbit.
Their scalable proposal uses the Distributed Proof Of Stake (DPOS) engineered by founder Dan Larimer, is the most promising amongst cryptocurrencies due to their transactions being congested with newcomers. Ethereum is working on Casper while Bitcoin is using the Lightning Network but the DPOS proposal gives governing incentives to its developers which is an interesting advantage that can handle more transaction.
EOS to be added in Coinbase in 2018?
Coinbase is the biggest FIAT to crypto exchange in the USA. There was a point during the bull market that it was the most downloaded app, and claimed to have gained over $1 Billion in revenue in 2017.
Brian Armstrong, founder of Coinbase stated last year:
The ones that are the most exciting to us that we have on the platform today are bitcoin, ethereum and litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money.
Recently Coinbase started to support ERC20 standard tokens which means cryptocurrencies such as EOS, Tron, OmiseGo and Vechain have a chance to be picked up any time soon.
EOS has witnessed a spike in price recently, reaching a selling price of $8.8 (according to Huobi Pro) and a market cap of $7 Billion. Their 40% rise in valuation has started a new bull trend amongst cryptocurrencies that saw Bitcoin, NEO, and Steem rise 10% each.
Ripple has longtime been rumored to become the #5 cryptocurrency supported by Coinbase. Those rumors have been defunct many times, there was even a report that Ripple offered Coinbase $100 Million to be added by the platform.
If Coinbase wants to stay at the top, they will have to offer more new and exciting cryptocurrencies, and EOS right now is the hottest one.
There are big reasons why a cryptocurrency would want to be added to Coinbase. Bitcoin Cash saw its price surge by 300% in the following three hours after being added to the platform.
Do you believe EOS will be added to Coinbase any time soon?
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By Menajem Benchimol
I completely agree. It's only a matter of time before EOS is hailed as the harbinger of the blockchain renaissance. All the exciting ideas pitched on ETH will actually have a chance at existing and scaling to global use. Coinbase will have no choice but to accept the inevitable. And when that happens, EOS is going to another galaxy, and taking the whole market with it. Cheers!