2021 has undoubtedly activated the Altcoins. With ETH leading charge, no less than a dozen other Altcoins have put up an impressive show. We discuss various aspects and issues related to Altcoins. Since Altcoins appear to have finally recognized their own potential, expect this positive mood to progress through the whole year.
This content is prepared by the Glitzkoin team, it is meant to raise interest in Altcoins without, making a sales pitch. We make no exaggerated claims about any Altcoin including the Glitzkoin GTN token, which happens to be an Altcoin with good potential.
So what exactly is driving Altcoin activity? While it was initially thought that crypto newcomers were supporting Altcoins, things have turned out differently. It now appears that, the regular big names in crypto space are cheering Altcoins. We prefer not to take specific names here.
Will the positive trend for Altcoins last? Given the fact that this Altcoin run, seems to be cheered by the big names in the crypto industry, there is no reason why the positive Altcoin mood should not last for at least, a few quarters. Evolving crypto legislation could however, hinder a few Altcoins – XRP was a recent example. These are exceptional cases and cannot be predicted.
Are Altcoins A Stable Investment? Altcoins and Bitcoin are both subject to speculation, risk of price drops is always a possibility. Consistent support for Altcoins could reduce risk levels but, price volatility should be expected. The amount that you could comfortably invest in cryptocurrencies, would depend on your overall financial position.
Could Altcoins Crash? When we talk about Bitcoin, we refer to just one cryptocurrency. There are thousands of Altcoins so, making a generalized statement would not be relevant. Irrespective of which Altcoin you plan to invest in, ensure that you stay updated with happenings and related events. This can reduce risk and even moderate losses if, something unexpected does happen.
Why Track Altcoins On Twitter? This is an interesting statement and needs some explanation. Twitter is heavily patronized by most of the big names in tech and crypto. In recent months, we have seen an increasing number of tweets related to Altcoins. Not hinting that these were, openly pushing investors to support Altcoins but, the effect has been to ignite interest in them.
Would We See A Top 100 Altcoin List in 2021? With thousands of Altcoins being listed on various exchanges, it is expected that only a handful of them would attract attention. An unbiased list of Top 100 Altcoins would be useful but having said that, it would be useless and misleading if that list, picked Altcoins randomly or in a biased manner. The list should ideally identify, Altcoins with a strong project backing and potential.
Any attempt to discuss Altcoins would be incomplete, without one specific mention. Despite the impressive performance put up by Altcoins, the fact is that there are way too few of them that are actively trading. There are surely at least a 100 more Altcoins that, have the potential but lack the marketing power of the top 5 Altcoins. Crypto stalwarts should play fair and bring out those hidden Altcoins.
Altcoins are the current rage in crypto space. It is not very often that you will come across, unbiased crypto information as presented in this report. Share the link with your crypto contacts, they will thank you for the kind gesture.
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.
Related Resources: [Project Updates]