Why Dash Is Next For Coinbase Listing
Why Dash Is Next For Coinbase Listing
Pick up a holding in a small coin ahead of an announcement that leads to a Coinbase listing, therefore, and you’re in for a pretty substantial payday.So what’s the next coin in line to achieve a listing?
We think it’s Dash (DASH).
Sure, people will point out that higher capitalization coins like Ripple (XRP) and Stellar (XLM) are first in line or are at least ahead of Dash as far as qualification is concerned.And sure, there is a degree of validity to the documents.
The thing is, however, both XRP and XLM form the basis of financial transaction systems that, in turn, are designed for integration with enterprise-level technology. The two cryptocurrencies facilitate function of this technology, but they exist to perform against a very specific use case.
Dash, on the other hand, is a whole different animal.
Some reading might remember when this one was called DarkCoin, or even XCoin for the old-timers, and, just as with bitcoin, DarkCoin got its big start as being the coin of choice on many of the underground markets.
The reason for this?
Because of its privacy features. This coin does what many others do not – it offers the potential for anonymous transactions and transaction masking as well as wallet balance hiding.
This, of course, makes it perfect for underground marketplaces but, just as was the case with bitcoin, it’s now grown up and has a very real potential to replace some of the higher capitalization coins as a transaction token in the above-ground marketplace ecosystem.
The Dash rebranding went a long way towards shifting some of the negative connotations associated with DarkCoin and, as things stand, this is the preferred privacy coin (yes, we are aware of Monero, but for us, Dash is one step ahead) and it fills a real gap in the market right now.
Imagine if somebody wants to pay rent with cryptocurrency but doesn’t want anybody with a blockchain explorer to be able to see how much they’re paying. Similarly, imagine if somebody wants to accept a paycheck in cryptocurrency. There are thousands of more examples of the sort of use case in which the ability to remove the visibility of a transaction from a blockchain could be a huge benefit.
When considering a new addition, CoinBase looks of the following:
Mission and Values
Technology
Legal and Compliance
Market Supply
Market Demand
Crypto Economics
And Dash scores incredibly well against each of these points.
Sure, there may be some concern surrounding the compliance side of the equation (given a small team and an anonymous lead dev), but, as far as everything else is concerned, Dash looks like a winner.
We think a $10 billion capitalization pretty much overnight is far from unrealistic in the event of a listing or any rumors suggesting that a listing could be around the corner. Based on current supply, that’s a price target of just shy of $1300 a coin.
Why Dash Is Next For Coinbase Listing
Reviewed by mir khaleq ali
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21:11
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Reviewed by mir khaleq ali
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21:11
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n interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers Coinbase Reviews
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