Siacoin, the native cryptocurrency of the Sia decentralized storage platform, is on the rise. The price of SC has surged by over 50% in the past week, and speculation is mounting that the coin could be added to Coinbase, one of the world’s largest cryptocurrency exchanges.
Siacoin’s recent price surge can be attributed to a number of factors. First, Coinbase recently announced that it was exploring adding five new coins to its platform: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).
While Coinbase has not yet revealed which coin it will add first, many in the crypto community believe that Siacoin has a strong chance of being selected.
In addition, a number of major crypto exchanges have recently announced support for Siacoin trading. Binance, Huobi, and OKEx have all added SC trading pairs in the past week.
NOTE: This is a warning to all investors interested in investing in Siacoin. It is important to note that, as of this time, there is no indication that Siacoin will be coming to Coinbase, or any other exchange. As such, it is important to be aware of the risks associated with investing in a cryptocurrency before taking any action. Investing in a cryptocurrency without full knowledge could result in significant financial losses and should be avoided.
This increased exposure is helping to drive up demand for the coin.
Finally, Sia’s developers have been working hard to release a major update to the platform later this year. The update, called “Obelisk”, will significantly improve the scalability and performance of the Sia network.
This has investors bullish on the long-term prospects of the project.
All of these factors are coming together to create a perfect storm for Siacoin’s price. While there is no guarantee that Coinbase will add SC to its platform, the coin is certainly looking like a strong candidate at this point.
If Coinbase does list Siacoin, we could see even further price increases in the near future.
8 Related Question Answers Found
As one of the most popular cryptocurrency exchanges in the United States, Coinbase is always looking to add new coins to its platform in order to provide its users with more options. Recently, there has been speculation that Coinbase may be adding the altcoin Chia to its exchange. Chia is a new coin that was created by BitTorrent founder Bram Cohen.
As of right now, it is not known if Coinbase will add Chia Coin to its platform. However, there are a few things that could happen that would lead to Chia Coin being added to Coinbase. First, if Chia Coin becomes a top 10 cryptocurrency by market capitalization, it is highly likely that Coinbase will list it.
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There is no one definitive answer to this question. However, based on current circumstances and Shiba Floki’s track record, it is highly unlikely that he will be on Coinbase in the near future. Shiba Floki is a relatively new cryptocurrency, having only been launched in September of 2018.
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As the popular saying goes, “a rising tide lifts all boats.” And in the world of cryptocurrency, that couldn’t be more true. In the past few months, we’ve seen a surge in interest and investment in digital assets. This has been driven by a number of factors, including an increase in institutional adoption, mainstream media attention, and overall market conditions.