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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.

Image courtesy of Pexels

Altcoins

GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

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One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

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