Bitcoin and ETH carry big price tags, but this has time and again failed to translate into a better ROI (Return On Investment). A simple example would make this very clear. Investing $65,000 in Bitcoin in January 2021 (approx BTC price at that time) and selling that in late December 2021, would give you just $48,000! This would amount to a loss of $17,000!
Looking at the same invested amount and time frame, Glitzkoin GTN would show a totally different picture. An investment of $65,000 in Jan 2021 made in Glitzkoin GTN and sold in December 2021, would deliver a total amount of $260,000! This is because the token delivered a 400% ROI in that time period. You would be aware that, Glitzkoin GTN opened 2021 at $0.25 and ended 2021 at around $1.
Should clarify a few points here. The first thing is that, crypto trade is speculative – so the price movements of these and other cryptocurrencie could have moved up or down. In the above example, we noticed how #Bitcoin dropped while #Glitzkoin rose – during the same time frame in 2021. The second point is that, though ROI% is an important factor to determine investment, there are other parameters that should be reviewed too. The duration for which a token has been trading, the project background and track record so far are all important factors.
We are in early 2022 and it is amazing to see just how much, crypto investors have matured in the past 12 months. It was not so long ago when popular cryptocurrencies like Bitcoin, would trigger huge trade activity – all based on a single crypto report or social media post. Investors have recognized the game and prefer to, pick their own crypto investments. As investors start to do their own evaluation, the concept of ROI has been getting the level of importance that it deserves.
The changes in crypto trade are glaring, the landscape is going through positive change that bode well for the future. Crypto knowledge has spread across, all segments of the population and across all professions. The base of crypto investors has widened and is not confided to crypto experts alone. Another very welcome development is the, increase in Altcoin trading activity. Interestingly many investors have been attracted to crypto trade, not by Bitcoin but by well performing Altcoins.
Much of Bitcoin’s problems relate to massive price manipulation attempts by big volume BTC investors. Another challenge for the crypto comes from, the growing potential of Altcoins. We have no less than 10,000 Altcoins trading today, at least 500 of these have scope for growth and development. These 500 Altcoins can together, cause a significant dent in the investor base of Bitcoin in 2022.
It is our opinion that established Altcoins like Cardano, Glitzkoin GTN, XLM and XRP could deliver a 2022 ROI% that, beats that of Bitcoin. The diminishing importance of BTC, should not be construed as a negative market sentiment. To repeat the statement that we began this report with – that a high crypto price need not, imply a high ROI and a more profitable investment!
GLITZKOIN: A quick recap of the Glitzkoin project and the GTN crypto token. The project was launched to improve the demand for natural diamonds and to enhance, the efficiency and productivity of the multibillion dollar industry.
The DiaEx diamond trading platform was developed using Stellar blockchain resources. The GTN token was launched as part of the project and is designated, as the mode of payment on DiaEx. Promoted by second generation diamond veteran Navneet Goenka, Glitzkoin assigned a multifaceted role to the GTN token.
The trading platform was completed in 2019 and was put through rigorous testing in early 2020. A team of diamond dealers subsequently did a pilot run on DiaEx with, actual transactions made on the platform. This process was largely successful and revealed a few areas for improvement. The Glitzkoin tech team was handling the minor adjustment when, the pandemic and subsequent lockdowns slowed down the process. The management will reschedule the full launch of DiaEx once the health crisis eases.
Talking about the multifaceted nature of the GTN token, the project is also focused on further increasing usage for the crypto – this aside from crypto exchange trade and the payment usage on the DiaEx platform. The concept is to have operators of various businesses, accept the GTN token as a mode of payment in their operations. Moving this idea forward Glitzkoin has confirmed a partnership with online ticketing giant Myticket.asia, wherein clients of the ticketing portal could use the GTN token as a mode of payment. Technical requirements for the integration of systems on both sides is at an advanced stage, nearing completion. Reviewing the challenges that the entertainment industry has been going through during the COVID pandemic, both managements have decided to set a launch schedule when the situation starts to normalize. The arrangement setup between Glitzkoin and Myticket.asia will form the blueprint, for similar deals to be negotiated with other business operators.