RATE Group | Don’t Overlook Cardano (ADA) on Coinbase
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Don’t Overlook Cardano (ADA) on Coinbase

24 Jul Don’t Overlook Cardano (ADA) on Coinbase

Posted at 02:05h in Ethereum News by

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Cardano (ADA)–When the news of Coinbase “exploring” five new cryptocurrencies broke two weeks ago, it was clear that two coins were in the front-running for addition to the exchange: Stellar Lumens XLM and Cardano’s ADA.

In that time, Stellar nearly doubled in price, jumping 77% in value from 0.18 USD to a relative high of 0.31 USD. While the price of XLM has since fallen to 0.28 USD, Cardano has yet to see the same extent of price movement. It gives the appearance that the market is acting on the assumption that Stellar is the most likely candidate for being the first new currency listed on Coinbase.

However, Cardano has a strong case as well. While there is a chance the exchange is looking to add multiple currencies, perhaps in an effort to stave off the inevitable price run that will accompany the initial listing, it seems unlikely given how disastrous the Bitcoin Cash addition was handled. Not only did BCH create erratic pricing on GDAX (since relabeled Coinbase Pro),…

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