It has become customary to review cryptocurrencies based on their popularity. No surprise that a smart media strategy, can increase awareness of a crypto. At the end of the day it is the cryptocurrencies that, make the maximum noise that are actively traded. In this report we talk about an important metric that, would allow a better assessment of various cryptocurrencies.
ROI or Return On Investment, forms the foundation of any type of investment. A crypto investor would evaluate profits, by subtracting the cost of his crypto purchase from its current price. This profit is referred to as the ROI, of that crypto. Using the ROI percentage as the main parameter, to evaluate a cryptocurrency would be wise.
While giving emphasis to ROI when deciding on a crypto investment, there are a few other factors that also need to be evaluated. The duration for which a crypto has been trading, the depth of the project and the price stability should also be reviewed. Interestingly the basic price of the crypto, does not really imply much – an example would make this clear.
As an example let us track Bitcoin at a price of $50,000. If the price moved up to $55,000 – the ROI at that point would be $5,000 which is 10% of the initial price ($50,000). Now if Glitzkoin GTN was quoted at $0.20 and moved up to $0.30, the ROI would be $0.10 and this, would appear to be quite small. But if ROI was calculated as a percentage of the initial price ($0.20), the ROI would be an impressive 50%. Simply put, if the investment of $50,000 which was initially allotted to Bitcoin, was invested in Glitzkoin GTN instead- the 50% ROI would translate to a $25,000 profit – this against the $5,000 profit, that Bitcoin delivered as per our example !!!.
So if you had to compare Bitcoin, Glitzkoin GTN, SHIBA, XRP and DOGE – the ROI% would be a good parameter to make the comparison. As mentioned above study further details like project strength, track record, price stability etc. At the end of the day crypto trade is built on speculation, but wisely picking cryptocurrencies to invest in, can reduce risks and increase profits.
Glitzkoin has been urging the crypto community to come up with, the right criteria to rank the Top 100 Altcoins, Top 500 Altcoins and Top 1,000 Altcoins in 2022. This report would make it amply clear that, the ROI% should be one of the main criteria for ranking Altcoins.
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.