GoChain (GO) Surges After Listing On Binance - Global Coin Report
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GoChain (GO) Surges After Listing On Binance

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GoChain

Ever since cryptocurrencies exploded as a trend back in late 2017, numerous new altcoins started emerging on the market. While some of them disappeared very quickly, many still managed to survive. However, not a lot of them can say that they are making as much progress as GoChain (GO).

GoChain is a very young coin and has only been a part of the crypto world for a few months. However, during that time, it achieved a lot, and it is currently among the most popular coins to talk about.

GoChain was launched in May 2018, which was a peculiar period, when even the top cryptocurrencies had a difficult time staying relevant. The last thing that anyone expected was that a new altcoin will appear during this time, and its chances of surviving it were slim, at best. However, GoChain managed it, and since then, it only picked up the pace.

Its rise to popularity started with a mission of reaching as many big digital currency exchanges as possible. So far, it managed to reach Bittrex, Upbit, Binance, KuCoin, and Bilaxy. While it still has no trading pairs against the USD or any other fiat currency, it can still be bought via Bitcoin or Ethereum.

Its total supply is a bit over 1 billion coins, while only 625,412,261 GO is currently in circulation. However, GoChain remains highly popular, with a trading volume of nearly $40 million in the last 24 hours.

GoChain: Winner of Binance’s Coin of the Month contest

In recent days, GoChain started experiencing a significant price surge, which has brought double-digit gains. Its current price is $0.068145, with a 14.18% increase in the last 24 hours. While this is still not enough for GoChain to enter the top 100 largest coins by market cap, investors remain optimistic, believing that it will get there eventually. At the time of writing, GoChain is ranked as a 125th largest coin on CoinMarketCap.

The new price surge is believed to be inspired by the fact that GO managed to win Binance’s competition. Each month, Binance reviews multiple unlisted coins, and if one of them satisfies certain criteria, the coin gains free listing. It appears that Binance was impressed with GoChain, as it chose it as a winner last month.

As a result, GO attracted a lot more attention, and its community continues to grow. In a recent Tweet, GoChain announced that their Telegram community now counts 10,000 real members.

Following the Binance listing, GoChain’s value increased by over 40%. Many expected that this development might trigger a bull run, although now it would seem that this is unlikely to happen. Regardless, GO is still growing in value, with a current increase of 14%. This is still noteworthy, considering that most of the other cryptocurrencies, Bitcoin included, are currently experiencing losses.

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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

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.

Mission Statement

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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