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XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

Coinbase Closes $300 Mln Funding Round, Confirms $8 Bln Valuation

  • Alex Morris
    📰 News

    Coinbase will remain a crypto-first company despite the plunging trading volumes

Coinbase Closes $300 Mln Funding Round, Confirms $8 Bln Valuation
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The market bears didn’t stop investors from putting money into promising cryptocurrency startup. Coinbase, a San Francisco-based cryptocurrency exchange, reports about successfully finishing its Series E funding round, raking in a jaw-dropping $300 mln.

👉MUST READ Coinbase Releases Response to NYC Attorney General’s Probe

Hundreds of potentially listed coins

The most recent funding round was led by Tiger Capital, a leading financial services company. Asiff Hirji, the COO at Coinbase, claims that the gargantuan amount of investments will help further propel cryptocurrency adoption. On top of that, Hirji makes a bold statement about the exchange’s listing plans, predicting that “hundreds” of new coins will be available on the exchange. As U.Today reported earlier, Coinbase has recently listed Circle’s stablecoin USDC.

As of now, only a handful of cryptocurrencies are available on the most popular fiat-to-crypto exchange in the US. However, the crypto giant was slammed by the community after listing “highly experimental” altcoin 0x (ZRX) that prompted criticism linked to shady listing rules.

IPO talks are intensifying

The successful completion of the Series E funding round could be an indicator of an upcoming IPO. Last week, CNBC’s Ran NeuNer stirred a substantial amount of buzz in the crypto space by announcing Coinbase’s IPO plans. While NeuNer was criticized for his misleading tweets, one cannot rule out that the company may go public as early as next year. After all, at TechCrunch Disrupt SF 2018 in September, Brian Armstrong also made it clear that such a possibility exists, but he didn’t specify the exact timing.

A crypto-first company

On Oct. 2, Recode broke the news that Coinbase is currently valued at $8 bln. The information was quickly picked up by other news outlets, but there was no official confirmation until today.

Despite the crypto rout, the US behemoth managed to remain profitable in 2018, but there was a necessity to diversify its revenue sources. Coinbase, while witnessing declining trading volumes, plans to remain at the top of its game by charging custodian fees and adding new security tokens. Still, Hirji emphasizes that Coinbase will remain a crypto-first company.

👉MUST READ Coinbase Doubles Its Staff to 500 Employees In Sharp Contrast to Kraken’s Recent Firing Spree

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5 Best Upcoming Cryptocurrencies to Watch in 2019

  • Denys Serhiichuk
    📚 WikiCoin

    Almost every day new coins are being added on the Coinmarketcap. The list of coins is not limited to Bitcoin, Ethereum and other popular digital assets. Traders and investors are looking for alternatives to maximize their profits in 2019. We created the list of cryptocurrencies which are already widely discussed today. Hope you will choose the right one.

5 Best Upcoming Cryptocurrencies to Watch in 2019
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Today, in the cryptocurrency ranking on Coinmarketcap, more than 2,000 digital assets are represented. Of course, not all of them have real value and potential for further development. We cannot be 100% sure which coins will be profitable in 2019, as the crypto market is too volatile and unpredictable.

What are the prospects for “young” cryptocurrencies in 2019? Let's try to identify the top five coins that should shoot up in the near future.

cryptocurrency pool

OmiseGo

OMG is the digital coin of the OmiseGO blockchain platform. The project is based on open source code. Developers initially focused on the creation of new tools to eliminate society's dependence on banks.

The OMG platform is designed to help conduct financial transactions, even for those people who live in countries with no traditional financial infrastructure in the form of banks. This service is the result of the development of the Asian company Omise, which is the leading payment provider.

OmiseGo prospects for 2019

OmiseGo cryptocurrency project is a really interesting platform with good prospects for further development.

Once the official OmiseGo wallet is released, there is supposed to be a “bear” trend of this currency. After that, an influx of new users is expected, which will make the coin more stable. Despite the fact that in 2018 the cost of the coin dropped to $3.70, the project still has good opportunities to return to its maximum highs. It is predicted that by the end of 2019 the rate of OMG can grow to $40-50. Of course, such forecasts are overly optimistic, but if the Chinese government keeps improving regulations of the crypto market, then Omise may achieve such indicators.

Despite all its prospects and interest from main market players, it is impossible to predict the exact value of the coin.

VeChain

VeChain logo

It is a public blockchain ecosystem, the main task of which is to digitize all the data that is obligatory for a successful business. First of all, we are talking about establishing a decentralized database of products, as well as creating a platform for monitoring their quality and process of delivery. The project solves issues for the market of the Internet of Things, which is a trend nowadays.

The platform has already released its own blockchain, VeChainThor, and is working to improve it.

VET coin has become available for trading since August 3, 2018. Nevertheless, we can summarize that the coin feels pretty confident in the market.

Growth factors:

  • Positive feedback from users

  • The platform has successfully completed the transition to its own blockchain

  • VET shows stability relative to other altcoins

  • VeChain has lots of serious partners who are ready to provide investments

ICON

ICON (ICX) is a blockchain platform designed to work with several different blockchains. In other words, ICON is a cross-chain solution that provides solidity for various blockchain projects. The implementation of ICON should improve the efficiency of the project's economy.

ICON ecosystem

Advantages of ICON:

  • Ensuring full universality in the system of interaction between the platform and users

  • The possibility of making modifications to smart contracts

  • The ability of quick transactions on the exchange

  • Fast information processing

  • Adaptability to working with artificial intelligence

The ICON project has official support from the South Korean government. This may be an indication that large Korean businessmen are seriously interested in the coin. Now a number of financial, medical and educational organizations from South Korea have begun to work closely with ICON in order to improve interaction with consumers. In addition, some other representatives of the business of this country and a number of corporations operating in the Asian market are showing interest in this project.

Thanks to the listed advantages of this digital currency, the 2019 forecast for ICON will be positive.

👉MUST READ ICON Price Prediction: How Much Will ICX Cost in 2018?

Enjin Coin

ENJ cryptocurrency is a digital token platform for creating gambling applications. With Enjin Coin, developers can not only create virtual gaming products but also implement them. The project uses the Ethereum network, so ENJ tokens are in the ERC-20 format.

The biggest advantage Enjin Coin offers the gaming industry is the chance to set and manage virtual goods. Developers of any platform can easily create a currency designed exclusively for their community, which will be supported by Enjin Coin.

Each asset is kept in a single smart contract and registry, so all Enjin Smart Wallets can easily recognize it.

Enjin Coin ecosystem

The project, founded and maintained by the game giant Enjin, should create a real sensation after its launch. However, the project is relatively new, and still has much to prove. Taking into account current achievements, Enjin Coin might have a bright future.

AION

AION logo

AION is a third generation blockchain digital token. The essence of such platforms is the creation of an ecosystem where various projects can interact. Roughly speaking, the goal of AION is to create an ecosystem for blockchain startups.

AION is focused on the following issues:

  • The formation of a new infrastructure ensuring the integration of existing blockchain platforms.

  • Using its own scripting language to enable users to create unique digital cryptocurrency projects.

  • The final stage will involve the completion of the cryptosystem optimization process and ensuring its full scalability to speed up the exchange of information between users.

In 2019, the implementation of the network infrastructure is planned to be completed, providing everything needed for fast, efficient inter-network communication and inter-chain applications. In addition, the focus will be on such aspects as:

  • Collaborative networking

  • Complete consensus validator assessment mechanism

  • Launch of the second version of Aion Virtual Machine

The prospects for AION in 2019 will directly depend on the continued relevance of the idea of ​​combining existing blockchains into a single platform. For this reason, AION has every chance of success.

👉MUST READ Bitcoin Profit Review: Too Good to Be True

How to choose the most promising cryptocurrency?

The answer is simple: they are always in the spotlight. They are discussed in the media, attracting the attention of large investors, companies, and corporations. Today, the product behind the name of a cryptocurrency project matters a lot. If there is a development, then it is fair to expect an increase in the price of this coin.

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