Why the Dash Coinbase Listing Signals a New Era for Altcoins

In case you missed it, last week Dash was announced to be listed on Coinbase Pro, the exchange powering the popular Coinbase platform. Many were skeptical that anything like this would ever happen due to a longstanding history of adding just about every other asset they could. This breakthrough seems to indicate that things may be different around crypto land, for so-dubbed “altcoins” in particular.

Previous industry consensus focused on insider relationships and rumors

In the past, this nascent industry operated quite a bit on word-of-mouth, personal relationships, and other non-objective criteria. Infamously, this included the listing of Litecoin, a barely-used altcoin on a clear trajectory out of the top ten, on to Coinbase as one of the earliest coins added, very likely based solely on the undue influence of founder Charlie Lee, who at that time served as an engineering director at the company. This resulted in a tenfold price increase of the course of a few weeks. Anyone with common sense could…….

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Author: Joël Valenzuela
Original link: https://dashnews.org/why-the-dash-coinbase-listing-signals-a-new-era-for-altcoins/