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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

Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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