![]() Based on that, he said he believes that Coinbase could host hundreds of tokens within “years” and even potentially “millions” in the future. Speaking at TechCrunch Disrupt SF in September, CEO Brian Armstrong revealed that he sees a future in which every cap table will have its own token. The current circulating supply is 3,767,377.297 ILV. Illuvium is 96.69 below the all time high of 2,868.95. In just the past hour, the price shrunk by 3.53. The price declined by 10.75 in the last 24 hours. As we noted, Coinbase currently allows trading to just a handful of cryptocurrencies, but it has long harbored ambitions to expand beyond that. The price of Illuvium has risen by 11.45 in the past 7 days. Coinbase is also the company that every investor has wanted to invest in it’s been a known winner for a while now, so its performance isn’t a huge surprise.Īnd now with $300 million, Coinbase is well-capitalized to survive either a market downturn (one will come eventually), and the current Crypto Interregnum.Ĭoinbase’s chief executive certainly thinks the market will grow. However, at least in the case of Coinbase, that wager likely wouldn’t have worked. During the last few crypto booms, some investors said that it was probably simpler to just invest in various tokens instead of companies working on blockchains - faster returns and your money would be more liquid, to boot. It shows that the wager on a particular crypto company is looking like a better investment than putting money to work in nearly any of the other crypto assets that are for sale. The fact that it’s neither indicates how much farther the company has to grow, or the limits of the thesis that cryptocurrencies will take over the world. ![]() The current circulating supply is 1,893,095,370.643 MANA. Decentraland is 93.10 below the all time high of 5.90. Inversely, 1.00 USD would allow you to trade for 0.000026 BTC while 50.00 USD would convert to 0.001323 BTC, not including platform or gas fees. In other words, to buy 5 Bitcoin, it would cost you 188,905.87 USD. The current value of 1 BTC is 37,781.17 USD. In just the past hour, the price grew by 0.02. The exchange rate of Bitcoin is decreasing. The price increased by 0.35 in the last 24 hours. Indeed, if Coinbase’s capital raised figured is compared to the market cap of the world’s various cryptocurrencies and other similar assets, it would rank around 20th.īut the bet for investors is, and should be, that if cryptocurrencies are indeed the next big idea in the ways that humans determine value, then Coinbase should be worth far more than any of the assets that trade on its exchange. The price of Decentraland has fallen by 7.74 in the past 7 days. Bitcoin Cash, the currency forked from Bitcoin, is a distant fourth in valuation at $7.3 billion.Ĭoinbase’s Series E is nearly three times as much as the company raised in its Series D, and the fresh cash brings Coinbase’s total-capital-raised-to-date to over $520 million. That’s right, the only cryptocurrency assets that are worth more than the platform that trades them are Bitcoin, Ethereum and Ripple. With its shiny new $8 billion valuation, Coinbase is now worth more than all but the top three cryptocurrencies that trade on the platform.
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