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Revolutionary GShare App Will Lead To Global Adoption Of MobileGo (MGO) Tokens

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GShare

Although many crypto traders have suffered tremendous losses in 2018, there are still reasons to be optimistic about the future.  There have been many readers suggesting that we are in the midst of an altcoin apocalypse.  It’s very possible that many coins won’t survive this downturn.  Traders should be spending a lot of their time researching to identify the most promising projects for 2019 and beyond.  One token that appears to be gaining steam is MobileGo (MGO).  The development of the GShare application will be the primary driver for global adoption of the MGO token.

GShare Application

MobileGo’s team recently developed GShare; an application capable of increasing MGO token adoption. GShare allows users to earn virtual currency by renting a computer’s power.  So, in a way, using GShare is fairly similar to cryptocurrency mining.  Within the platform, users will be able to control computer resource utilization.  While the application is still in public beta testing, users will only be able to earn virtual coins for purchases within Xsolla products.  But, in the future, the GShare team expects significantly more redemption opportunities.

The app is focused on attracting gamers so that they can obtain free items.  Once gamers earn the virtual currency, it can be exchanged for different items such as tournament entrance fees, games, in-game purchases, and much more.

GShare Gold is the name of the virtual currency that can be earned by gamers.  This virtual currency can be used as a participation fee on GShare’s competitive platform.  After winning a tournament, gamers can then opt to receive their prizes in GShare Gold or MGO tokens.  This will certainly be a prime opportunity for mainstream adoption of the MGO token.

Advantages of GShare

The GShare application has several advantages which will certainly go a long way toward increasing adoption of MGO tokens.  Those advantages include:

  • Simplicity
  • Virtual Currency Offers Many Redemption Opportunities

The team was very cognizant of the fact that simplicity would be a big factor in attracting many users.  Both the earning application and the competitive platform will use the same username and password.  In an age when consumers are inundated with random usernames and passwords for all their different devices and websites, being able to access both the app and the platform from a single user profile will prove extremely beneficial.

In addition to the simplicity being offered, the many different uses for the virtual currency will prove attractive.

Lack of Competition

There are other platforms that exist in the market which allow users to earn virtual currencies and buy items such as games and computer equipment.  The problem is the great difficulty and time commitment necessary to earn products as simple as a computer mouse.  The earning rate is so little on some platforms that gamers could spend up to 12 months trying to earn enough currency to purchase a little item such as a computer mouse or printer.  It simply doesn’t make sense to spend that much effort to come away with such an inconsequential product.

GShare will transform this industry and likely cause many dissatisfied gamers from other platforms to come join one of the fastest growing gaming platforms in the world.

Growth of the Gaming Industry

There are instances when projects have the right vision but are simply too early or too late to really take advantage of it.  Fortunately, in the case of MobileGo and GShare, their timing is just right.  Newzoo, a well-known market researcher, is estimating the global gaming market to grow from $137.9 billion in 2018 to over $180.1 billion by the year 2021.

That type of growth will lead to more gamers entering the market.  And as GShare continues to develop and enhance their application, new users will likely be joining in droves.  The famous line from Field of Dreams sums up the situation well: “If you build it, they will come.”  Yes, gamers will definitely come.

Conclusion

GShare continues to make inroads in an industry that is in need of change.  The built-in advantages of the platform, the Xsolla partnership, and the industry’s predicted growth all lead to an avalanche of positive developments.  As global recognition of MobileGo and GShare increases, MGO tokens have the potential to be synonymous with gaming.

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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

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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