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Exploring Game.com (GTC) Sudden Rise to Fame

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Game.com
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The Cryptocurrency market is a very unpredictable and volatile space, where an excess of over 1600 active cryptocurrencies trade on the market on a daily basis. The size of the Cryptocurrency market has increased exponentially since 2016, both in terms of market cap as well as a number of tokens operating. Hence, it is no surprise to find newer projects emerging and experiencing short-term gains for a variety of factors. One such coin that has seen a massive rise in value over the last week is Game.com and its GTC Token.

A little About Game.Com

A relative newcomer in the field, Game.com completed its ICO in 11th October 2017, with a total fixed supply of 2,000,000,000 tokens and a circulating supply of 588.5285.290 GTC tokens.  At the time of writing, Game.com is ranked 102nd, with a formidable market cap of $163,005,738 USD and a current value of $0.276892 USD as of 23/04/2018.

The team behind Game.com is based in Beijing, with additional offices around the country like Taipei, Hong Kong, Seoul, Tokyo, Kuala Lumpur and San Mateo. Game.com vision is simple, as it intends to become the “go-to” virtual currency of the entire global gaming industry and to address a lot of the plaguing issues found in existing game currency systems. For instance, the major problem they aim to address is the wastage of a player’s accumulated assets once a particular game is completed or a player wants to start afresh. Game.com GTC tokens will allow players to trade and liquidate assets as per requirements.  This will also allow GTC tokens to be transferred from one game to another, eliminating the wastage of unused assets and currencies in a particular gaming landscape.  The Game.com development team have also announced plans for a ”Candy G” event, where token holders will be rewarded a total of one billion coins for achieving any one of 3 pre-determined milestones.

Game.com’s Current Market Scenario

Considering the relative infancy of the project as compared to other projects, Game.com has performed quite well on the market since its entry in early January. In fact, the currency saw a massive growth in value, jumping straight from a high of $0.1981125 USD on January 3rd to a staggering high of $0.354157 USD on January 8th. The Cryptocurrency has since experienced a sharp decline in the following months, mainly due to the overall slump of the global cryptocurrency market.  It reached a record low of $ 0.074506 at the height of the decline, which is still comparatively better for a project in its infancy. However, last week saw a dramatic climb in GTC token’s value, rising straight from a high of $ 0.054955 at the start of the week (April 16th) to a high of $0.160539 on April 20th, registering a growth in excess of 200% over the last week. As of April 22nd (14:00 ET), Game.com traded up to 543.1% against the dollar from the start of the week, with a monumental volume of approximately $234.29 Million being traded in the previous 24 hours on global exchanges.

Closing Thoughts:

The future is indeed looking bright for Game.com, as they look to establish their name in the gaming industry by applying the famed “blockchain” technology. As newer use cases for blockchain technology begin to emerge, it is only a matter of time till investors understand the potential this project has. With a growing number of Crypto-exchanges having already listed the token including the likes of Gate.io, OkEx, Cobinhood, and Bibox, Game.com tokens can be traded with Ethereum as well as Bitcoin pairs.  The Development team has also announced plans to expand to the major cryptocurrency exchanges like Binance, Bittrex, and Bithumb to further encourage mass adoption of the token. Thus the Game.com project looks to be a healthy, long-term approach to establish a blockchain use case with a proper community backing in today’s world.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Alexander Mueller via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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