The Coinbase 5 – That’s a name I’ve given to 5 cryptocurrencies that Coinbase Tweeted about back on June 13th, 2018. Those cryptocurrencies are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). I’ve talked about how I have been accumulating these cryptos and how there have been clear signs of much broader and professional accumulation over the past few months since the announcement in June. Let’s analyze some reasons why.

 

Cardano (ADA)

Weekly performance: + 52.41%

I’ve been a stupid crazy perma-bull on Cardano since I first started looking into it. There is no other crypto team out there that seems to have such a dedicated and professional team like Cardano has. More important, it has a solution for PoS (Proof-Of-Stake). It’s just a fantastic team and project. And they have 9-figure revenue already. More than anything else, I think, is that Cardano has a proven revenue stream – not many can claim that.

 

Basic Attention Token (BAT)

Weekly Performance: +32.18

Ever heard of the Brave browser? I love it. I use it. It’s awesome. It’s also made by the BAT team. It’s got 10-million downloads on GooglePlay – and it keeps growing. I use Brave, it’s… awesome. Brave, by default blocks all ads. Oh man, here is the genius part of BAT.

  1. Get paid BAT for allowing and viewing BAT ads.
  2. Advertisers get paid in BAT and they pay in BAT. (I believe you pay in BAT to avoid some ads? I can’t be sure though).

Obviously, many things are still in development (getting paid BAT), but the browser is slick. BAT is a token and a service and it really, really disrupts the status quo of online ads and who gets what for payments. According to BATs site, 50% of an average user’s mobile data is for ads and trackers, ads account for up to 5 seconds of extra load time, ads kill about 21% of battery life and ads are infested with malware (up 132% this year). They also point out that publishers of content are hurt with Google and Facebook taking 73% of all ad dollars, publishers suffering 66% reduced growth and publishers can’t seamlessly monetize value-added services.

It’s a big market disrupter, I can see why Coinbase is considering adding BAT tokens to their exchange.

 

Stellar Lumens (XLM)

Weekly Performance: +57.98%

Where Ripple (XRP) is targeting banks for it’s token, XLM is targeting governments, business and, people. Folks who use services like Western Union pay a hefty fee and have to wait. Sending money from a US bank to a Canadian bank means conversion rates, swap rates, service fees and a wait time of 3 to 5 business days. XLM makes all of this cheaper (stupidly cheap) and faster – in seconds. Also (and more importantly to me!) is STELLARX – a peer-to-peer free trading platform. I use it. It’s in beta. It’s slick, fast and I love it. It’s not an exchange, it’s a peer-to-peer listing, they compare it to YellowBook or DAX (if anyone uses those anymore).

 

Zcash (ZEC)

Weekly Performance: +29.61%

This one eludes me. It’s a privacy coin, but nothing special (I don’t think). It’s already on Gemini, so it makes sense why Coinbase would consider adding it from a competition perspective (and a liquidity perspective). What I don’t get is why Gemini and Coinbase plan to do with the whole anonymity component of Zcash when it comes to KYC issues as registered US exchanges. Or maybe that doesn’t matter, I’m not entirely sure. From a political and idealistic standpoint, I love Zcash and coins like it. From a compliance standpoint and ‘will it survive’, I get nervous. I can easily see governments going after these kinds of coins – which is precisely why they were created.

 

0x (ZRC)

Weekly performance: +38.51%

This guy finally started to move last week. 0x wants to tokenize stuff. So it’s not unique in that aspect, but it is unique in its progress of development and contacts. From a gaming perspective (and this is a lucrative one), they want to tokenize your digital gaming stuff. I used to play Magic: The Gathering back in the day, I even played it on PC. I didn’t actually own the digital cards – but 0x could digitize them and they could be traded like property. This application could be used for any variety of gaming uses: MMOs, FPs, a universal token to buy, sell, trade and provide ownership for online items. Or how about trading stocks and futures? Brokers get ownership of everything and they get to make money even when you lose money. Ownership and actual tokenization would eliminate broker and manipulator games like naked shorting. The applications are significant and limitless.

 

Disclaimer: I am long on all the cryptocurrencies discussed.