The need for a faster, friendlier and more decentralized blockchain has led investors to a variety of exchanges this year, searching for viable returns. And while most of the internet chatter on our favorite media sites continues to focus on the loudest competitors in the space (think Tron (TRX) and EOS (EOS) as examples) an exciting crypto-alternative may have slipped past your radar. GoChain (GO) is now getting the attention it deserves as this little-known altcoin consistently leads the market in daily gains.
Announced in February of this year (2018), this blockchain concept, developed to rival Ethereum, quickly made its way to a number of exchanges (including Binance, where most of this altcoin’s trading of is done). Since the announcement, a continuous onslaught of positive news and market gains has excited the industry as its competitors stagnate in the current market doldrums we all have experienced.
So, what is GoChain (GO) exactly?
GoChain (GO), whose mainnet was successfully launched earlier this year, is billed as an energy efficient alternative to Ethereum. It is a smart contract platform for dApps with the promise of faster transactions (a lot faster) and increased decentralization. According to their website, GoChain (GO) can provide 1300 transactions per second (compared to Ethereums 13) and can do so with greater decentralization, due to a global network of nodes operated by independent users of the platform.
While these talking-points may sound similar to the rhetoric commonly touted by better-known competitors of the ‘Ethereum killer’ space, GoChain (GO) has a number of characteristics that investors have started paying closer attention to.
GoChain (GO) is ranked 131 on coinmarketcap.com, and boasts a market capitalization of just under US $40 Million. With its daily volume surpassing US $2.6 Million, there seems to be a lot of room to grow. The price point on this newest crypto darling is still stunningly attractive, hovering near US $.06, despite the 1.02 Billion coins that make up the total supply. In a market surrounded by unicorn valuations (companies with a market cap valued over US $1 Billion) there is a concerted effort by savvy investors to place their fiat in smaller companies, like GoChain (GO), that still have potential to expand.
But what recent developments have the market excited about GoChain (GO)?
October was a busy month for GoChain (GO) as the company exerted its strengths at the annual SanFrancisco Blockchain Week conference. Immediately after the successful conclusion of the conference, the company capitalized on their PR blitz with the announcement of the first decentralized exchange, GODDEX, to be built on the GoChain platform.
GoChain (GO) has started November off with a bang as well, as the company announces a new partnership with LINKCHAIN, a secure supply chain sourcing solution. LINKCHAIN will build its platform on $GO, launching GoChain’s first security token offering (STO).
GoChain will be providing marketing and fundraising support to LINKCHAIN while assisting in the development of this blockchain-based supply chain solution.
With momentum building and a consistent track record of performance backing the team, GoChain (GO) stands ready to take their platform to the next level. And with the current news of their newest partnership, investors will likely clamor to take advantage of the current price point before this thing explodes in a brand new bull run. And as we watch Gochain (GO) make consistent gains in the near term, we should all be asking ourselves just how far this altcoin could $GO.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
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 Pexels
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
The development of…