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Exploring Game.com (GTC) Sudden Rise to Fame

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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