Coinbase stock listing on Nasdaq approval by the SEC is going to bring more exposure to crypto, Altcoin Daily has picked the best altcoins on Coinbase for 2021.
Coinbase is one of the most popular exchanges in crypto with well over 50 cryptocurrencies offered on the platform, Altcoin Daily has picked six coins listed on the exchange that are set to explode with Coinbase $COIN stock set to go live on Nasdaq April 14th.
6 – Chainlink (LINK)
The first pick is Chainlink. The Oracle protocol releases a native Substrate module to bring its oracles to Polkadot. This means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains, as well as independent blockchains — can integrate Chainlink oracles through a simplified library (3:11).
5 – Cardano (ADA)
4 – UMA
The next coin on the radar is UMA, short for universal market access. UMA is a protocol built on Ethereum which allows users to create custom collateralized synthetic cryptocurrency tokens that can track the price of virtually anything (5:46)
3 – Decentraland (MANA)
The next coin on the list is Decentraland. Decentraland offers a blockchain-based virtual reality platform where users can buy, develop, and sell LAND, a non-fungible ERC-721 token that represents the ownership of virtual land. Decentraland offers multiple ways to make profit with digital real estate (8:23).
2 – Yearn.finance (YFI)
Yearn.finance is the next interesting coin on the Coinbase platform. It is the native cryptocurrency of the Yearn.finance protocol. It is a governance token and has become one of the largest Ethereum-based tokens due to the protocol’s focus on automated yield farming strategies. Yearn.Finance offers different products including APY — a data table that shows interest rates across different lending protocols, Earn — which identifies the highest interest rates users can earn lending an asset, Vaults — A collection of investment strategies designed to generate the highest returns from other DeFi projects and a few more (11:06).
1 – Uniswap (UNI)
The top coin on the list is Uniswap, a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap just announced the newly unveiled UNI-V3 and aims to make Uniswap the most flexible and efficient automated market maker ever designed (13:03)
This episode premiered on April 3rd, 2021.