ZCash Performs Better Amidst Possibility of Coinbase Listing

ZCash is performing better than both Stellar XLM and Ripple’s XRP amidst the possibility of Coinbase listing. Last week, Stellar XLM made it to the top five of the best trading altcoins with a rise of 13% gains earned in the course of several days. Ripple’s XRP followed by about 8% rise earned in the course of the same period.

However, as the markets experience the bearish tide once again, ZCash (ZEC) has maintained a satisfactory level of resistance against the negative trend, making it a top gainer by yesterday (November 13). All the same, all the three virtual currencies are regarded as potential candidates for Coinbase listing.

The Coinbase listing craze

In July 2018, Coinbase hinted out that they were considering various digital assets for new listings. A couple of virtual currencies have clinched their positions on the popular crypto exchange after the announcement. Examples of recently listed currencies include 0x (ZRX) and Basic Attention Token (BAT). Other targeted coins for listing include Stellar Lumens (XLM) and ZCash (ZEC).

Ripple’s XRP also targeted for Coinbase listing

With Coinbase restructuring its policy for new listings, it also possible that Ripple’s XRP could get a slot in the popular crypto exchange platform in the near future. This is because the new policy on Coinbase allows entities to submit listing requests, which can prompt Ripple Labs to request for a listing on the popular exchange.

However, amidst the possibility for Coinbase listing for all the three virtual currencies, ZCash appears to be leading both Stellar (XLM) and Ripple’s (XRP), which are the third and fifth largest crypto assets by market cap respectively.

ZCash ahead of Stellar (XLM) and Ripple’s (XRP)

With the recent change of market trends, ZCash appears to be outperforming both XLM and XRP based on its recent gains of 5% against the fiat money, which culminates to an overall weekly gain of 6%.

By yesterday (Nov 13), Stellar (XLM) dropped by about -3% in a period of 24 hours, leading to a loss of 13% on its previous weekly gains. By yesterday, the coin displayed a 5% growth for the last seven days.

At the same time, Ripple’s XRP showed a bullish trend yesterday (Nov 13), commanding a growth of more than 3% against the fiat. However, regardless of the gains witnessed by ZCash and the possibility of Coinbase listing, the currency still has to recover -50% of its value, which it lost in 2017. The 19th ranked cryptocurrency on CoinMarketCap is trading at $129.04 USD at the time of writing, with a circulating supply of more than 5 million ZEC coins.

Final words

It is still not clear which of the proposed virtual currencies will join Coinbase listing first, but whichever becomes the first one to be listed will obviously see a price increase. This has been the case with other Coinbase-listed Cryptos such as ZRX, USDC, ETC, and more.

Disclaimer: This is not a direct investment or trading guide. The article is well researched for informational, educational, and entertainment purposes only.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.