Coinbase breathes life into Cardano (ADA), Zcash (ZEC) and Stellar (XLM)
|- Coinbase hints listing Cardano (ADA), Zcash (ZEC) and Stellar (XLM).
- Investors speculate the effect of the listing resulting in a bullish for all the assets.
The largest crypto exchange platform, Coinbase redefined its policies this year giving cryptocurrencies not listed on the exchange a chance to trade on the platform. Prior to the decision to increase the number of trading instruments, Coinbase has listed about for assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
However, the exchange has already began increasing the assets with Basic Attention Token (BAT) and Ox (ZRX). The listings on Coinbase have always stirred upside movement with investors speculating significant rise in value. The investors of Cardano (ADA), Zcash (ZEC) and Stellar (XLM) are currently speculating on the listing of these assets to Coinbase. The market has seen a significant rise in the value of these tokens.
For stance, Cardano price surged by 3.5% on Sunday. The investors celebrated a graceful movement from $0.744 to $0.077. However, there was a pullback to the newly established support at $0.75. Cardano trading volume also rose considerably from $15 million to the current $22 million. Its market capitalization has remained stable around $1.9 billion.
On the other hand, the privacy oriented zoomed past last week. This was a whopping 21% rise in at least 2-weeks. In the last 24 hours, the crypto is down 3.42% while trading at $126. It has a 24-hour trading volume of about $136 million and a market capitalization of $659 million.
Lastly, Stellar has been trading in the green in the past one week rising from $0.22 to $0.28. The steady rise lost steam before hitting the critical $0.3 but a correction has found balance at $0.27. Currently, Stellar (XLM) is trading at $0.2726 after a 1.61% rise in the last 24-hours. The asset has a 24-hour trading volume of $114 million and a market cap of $5.1 billion. According to CoinMarketCap, Stellar is the 5th largest crypto after displacing EOS.
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