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GoChain (GO): Here’s Why This Altcoin Might $GO All The Way

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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.

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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