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.
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
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
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Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
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The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
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