Today is a big day for all fans. Crypto exchange , that recently has been actively listing new assets on its platform, has revealed that now it is working on exploring support for the second-largest cryptocurrency.
New Cryptocurrencies on Coinbase
In its official , the major U.S.-based crypto exchange has confirmed that it is continuing to explore the addition of new assets. This work also includes close cooperation with regulators and banks in order to make these new cryptocurrencies available for Coinbase customers in as many jurisdictions as possible.
The company has also published the list of 31 potential new additions which includes among others the above-mentioned XRP, , Cardano (), and Tezos ().
Nevertheless, the company warns that there is no any guarantee that all the cryptocurrencies included into this list will be added to the platform. Such a situation is explained by the fact that some restrictions could be imposed on concrete coins or they could be not listed due to the results of their evaluation. Some cryptocurrencies may become available only in particular jurisdictions.
This Coinbase’s position is explained by the company the following way:
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.”
Coinbase’s Vision
Earlier this year, the company has already revealed that its priority at the current stage is to add support for all digital assets that conform to the Coinbase high standards. Nevertheless, it has been highlighted that another very important criterion for a coin to be listed is its full compliance with the requirements of local legal system.
To achieve this goal, Coinbase uses its Digital Asset Framework which presupposes evaluation of such aspects as compliance, security and the project’s alignment with Coinbase’s mission to build a financial system that will be open for the entire world.
Previous Additions
Some months ago, in summer, it became known that with a view to meet the growing demand the company had started to explore new cryptocurrencies: Cardano, Basic Attention Token (), Stellar Lumens (), Zcash (), and 0x ().
Three of these five coins (BAT, ZEC, ZRX) have been already added to the platform with 0x to be the ERC-20 token on Coinbase Pro. In October, the company expanded its offerings with the first having added Circle’s USD Coin.
Having revealed its plans to explore 31 more coins, Coinbase warned its users that it is possible that some of them may see assets on the platform before their official listing in the frameworks of the platform engineering work. Some similar situations have already happened earlier. For example, when some users saw Zcash on Coinbase Wallet app before it had been officially launched.
Price Action
| 24 hours | -25.87 | $-0.5402 |
| 7 days | -46.44 | $-1.3422 |
| 1 month | -72.75 | $-4.1329 |
Trend
The EOS quarterly trend is down. The quarterly trend last saw a significant spike upwards on October 14 2018 with a high of 6.0500. That was a week shy of two months ago and since then the trend has been mostly down. We have also seen temporary corrective surges upwards in the overall descending trend.
[Trend is "down" when the quarterly price movement is predominantly downwards.]
Chart
Tap / click to zoom:
Remarks
Technicals
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is strongly bearish.
Exponential Moving Averages (EMA)
| 7 day | $1.78 |
| 25 day | $2.27 |
| 99 day | $3.32 |
All three EMA indicators are pointing downwards. The short term EMA has taken on a much deeper slope southwards.
Relative Strength Index (RSI)
The Relative Strength Index on the four hour chart is 13.6. This is an oversold state.
The RSI is in deeply oversold territory. It last entered an oversold region two days ago on December 05 2018, and has deepened since.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
bitcoin Price Modifier
The 24 hour bitcoin change is -10.86%. This may exert a strongly bearish influence on EOS today.
EOS $EOS Price Outlook
the EOS $EOS price outlook is neutral
if the price finds acceptance at higher levels the immediate resistance prints at 1.64
if the price finds acceptance at lower levels the immediate support prints at 1.53
The author does not hold EOS $EOS at the time of writing.
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