Crypto markets have received a few severe jolts in 2021 and 2022. While the general crypto investor keeps waiting for a market rebound, big crypto investors better understand the situation. A fact that is known to almost every investor is that, crypto market performance was being controlled by a handful of cryptocurrencies. Another well known fact was that both Bitcoin and ETH have always been manipulated. Price pumping a term used to describe crypto price manipulation, has been losing its grip. Much of this pumping was done by big investors, through paid crypto media. There is also the lingering possibility of, pumpers and their bosses, being legally investigated.
The early days of crypto generated a few crypto millionaires. Many of these lucky people, had never done substantial investments in any form before, their windfall gain from cryptocurrency. Crypto trade boomed and the wealth of big investors kept growing, the need to continue with price manipulation grew even more intense. No doubt that small and medium level crypto investors, also scooped in some profits. That the crypto honeymoon is tapering off is now obvious, investors have grown smarter. There is a clear understanding that, any sporadic recovery in crypto markets would make cryptocurrencies more volatile and more risky.
Flush with funds from crypto markets, big investors now look for other avenues of investment. The focus would be on more conventional investments like real estate, stocks and even gold. The criteria to select investments this time around would highlight – stability, low volatility and modest returns. These big investors in many cases, would have no idea about other investment options. This explains why the demand for professional investment advisors is on the rise.
So expect to see a fund drain from crypto markets. This as smaller investors liquidate and prefer to hold on to their money. And bigger investors make a move into other investment avenues. Interestingly we at Glitzkoin believe that, this whole scenario is not half as scary as it might seem. Crypto markets and prices will operate and develop, with a more realistic approach. The belief that crypto could make you an overnight millionaire, will lose relevance.
Investors should and will hold investment portfolios that, incorporate a number of investment options. This is when funds will flow across various investment avenues, something that would be good for the investor in the medium and long term. Keep in mind that this could happen with investors at all levels. Hopefully that would also be the time when, crypto laws would be formulated and implemented faster and more efficiently.
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.