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On today’s episode we will talk about 0x and how it’s listing on Coinbase has skyrocketed the tokens by nearly 30% in the past 24hrs, currently sitting at about $0.95, a 28% increase, wow!
Earlier this year, on July 13th, Coinbase announced it was exploring adding 5 new assets: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).
It is surprising that 0x has beaten out the likes of stellar and Cardano, as those two seem most likely to be added based on Coinbase’s own rules. Rules that change every time they list a new asset, more on that in a bit.
And not to take anything away from 0x, as I believe the project has legs, the rise in value is justifiable and the problems they plan to solve are worthwhile. But it is the first asset Coinbase has listed that is not mineable, as all 1 billion 0x were pre-mined. Meaning they were all in existence from day one. Unlike mineable coins. Such as bitcoin, for example.
The last bitcoin to ever be mined (to ever come into existence) will happen in the year 2140. This is why most believe, including myself, that bitcoin will continue to rise in value as long as it keeps being valuable. This is the arguments between bitcoin and bitcoin cash, but I’ll save that for a later episode.
Coinbase has been accused of insider trading in the past. Charlie lee, for example was once part of Coinbase and his Litecoin got listed on Coinbase.
What seems questionable here is that 3 of the 5 advisors of ox were once part of Coinbase. None the less, ox is a valid project and its listing on Coinbase has no doubt helped to bring needed attention to the project.
I personally am much more excited about Cardano, and feel it is extremely undervalued. With what’s coming in future developments and the recent divorce from IOHK and the Cardano foundation, that being a very good thing according to Charles Hoskinson’s latest update, I foresee a massive rise in Cardano from now until end of 2020… and although I am not a financial advisor and this is not financial advice, now may be a very good time to buy some.
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The post The Daily 2 – (Episode 3) 0x Coinbase Listing See’s Token Skyrocket appeared first on Crypto Daily™.
Source: CryptoDaily.co.uk
Original Post: The Daily 2 – (Episode 3) 0x Coinbase Listing See’s Token Skyrocket
