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GoChain (GO) Surges After Listing On Binance

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GoChain
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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

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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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…

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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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