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GoChain (GO) Surges After Listing On Binance

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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Altcoins

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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