A clear trend among Glitzkoin GTN investors has emerged. The significant jump in 24 hour GTN trading volumes is mainly due to the, increased exchange listings for the token. Exposing GTN to a larger base of crypto investors, has had an immediate impact on the trading volume. Exchange listings have increased from just, 2 in April 2021 to over 10 until mid-September 2021.
Glitzkoin social media channels reveal a clear jump in, the number of crypto enthusiasts following the GTN token. There is a difference in the behavior of new investors – this when compared to GTN investors who have actively traded the token since 2018-2019. The buy-sell cycle in new investors is much shorter. On the other hand, investors who had invested much earlier, continue to hold their Glitzkoin GTN tokens.
The likely reason for the above behavior is that, newer GTN investors wish to see a short term price spurt. Earlier investors are more focused on, seeing the DiaEx diamond platform and the MyTicket.Asia – Glitzkoin module fully launched. They realize that these two events, would put the GTN token in a much better position. These investors seem to have a clearer idea of the entire Glitzkoin project concept.
Coming back to recent Glitzkoin GTN investors. Their hope of seeing an early jump in GTN prices is understandable. They obviously track the token keenly and are confident that, it will not slump any time soon. But their expectations of a rise in GTN prices is very likely to materialize in 2022. This is when the DiaEx diamond trading platform, with the GTN token as the mode of payment, would be launched.
A clarification about Glitzkoin GTN purchased by diamond buyers operating on the DiaEx platform. In this case it would be ideal if diamond sellers, would liquidate the GTN tokens on receiving the payment. This until they fully understand, the concept of crypto trading and the risks involved. While these dealers are comfortable with transacting GTN as a mode of payment, they would need some time to understand how crypto markets operate.
With no intention of flooding Glitzkoin GTN investors with high pitched, paid media stories – Glitzkoin remains committed to build the token organically. Might be a good idea to keep in mind, that Glitzkoin launched the GTN crypto in July 2018 – not very long ago. Just to get a clear perspective of time frames – Dogecoin first traded in 2013. XRP was released in the year 2012 and XLM recorded its first trade in 2014.
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.