According to a Nasdaq writer, top crypto is a safe bet
We don’t know when Nasdaq will be injecting cryptocurrency trading pairs onto their platform. We just know they want to. As of the time of this writing, Nasdaq didn’t endorse Cryptocurrencies. An author for thier website wrote that around the same time they announced their interest in cryptocurrency, they also announced plans to partner up with Gemini. Gemini is a licensed and regulated exchange developed by the Winklevoss twins.
It’s been years in the making. None of the early crypto investors could have imagined this reality. However, given the latest talks, it seems that Nasdaq will soon open up a platform for Bitcoin trading.
Oddly enough, this underdog made the list. Stellar offers blockchain solutions for transfers. Even thought we have a mostly downward trend, they comment that Stellar remained among those gaining traction. The Nasdaq author points out their partnerships as part of the influential development surrounding Stellar.
Next up is Litecoin, which can be utilized as a cross-blockchain decentralized app. One reason for getting behind this coin is it can be used as a payment processor similar to that of an Atomic Swap. If something is bought or sold in something other than Litecoin, it can switch currencies using Litecoin without a problem. It does this extremely fast. Another factor in Litecoin’s favorability is its addition to the mobile app, Abra, a cryptocurrency wallet. Abra’s CEO, Bill Barhydt, stated [Abra] “…will now support withdrawal and deposit of Litecoin…”
Last, but certainly not least, is the grand-daddy of them all; Bitcoin. It’s no secret that the altcoins are fastened to this one, but it has not fallen as hard even though it has reached a low of 7,270 as of the time of this writing.
Bitcoin is the most stable and dominant cryptocurrency with the largest network effect’ and ‘the one to watch, since if it fails they all fail. – Shone Antsey, Blockchain Intelligence Group analyst
Again, Nasdaq didn’t endorse cryptocurrencies the way people think
While Nasdaq has only listed a few coins here, it’s evident they are most likely going to make more available. And although Nasdaq didn’t endorse cryptocurrencies directly, the fact that the’re interested in Bitcoin speaks volumes. It’s safe to say that cryptocurrency will be making a big splash in the average investors portfolio sooner than we think.
The views expressed in the Nasdaq article referenced are those of the authors and do not necessarily represent or reflect the views of Nasdaq.
Investing in cryptocurrencies and Initial Coin Offerings (“ICOs”) is highly risky and speculative. And this article is not a recommendation by New Age Crypto to invest in cryptocurrencies or ICOs. Consult a qualified professional before making any financial decisions. New Age Crypto makes no representations or warranties as to the accuracy or timeliness of the information contained herein.