The GTN token has been consistently steady for most of 2019. It was the year where the focus was on developing the DiaEx (diamond trading platform) and doing the necessary integration as required by the Myticket-Glitzkoin deal.
The general consensus on the popular Glitzkoin Telegram channel was that, 2020 would be the year for the GTN to appreciate and consolidate. This because both the DiaEx and Myticket-Glitzkoin deal, were scheduled for a launch in the first half of the year. The GTN closed 2019 with an ROI (as calculated by CoinMarketCap) of 25% at $0.25.
The start of 2020 saw a general positive sentiment for Altcoins, GTN happens to be one of the Altcoins currently being traded. Another happening was the increased demand for GTN - analysts were quick to relate the GTN price increase to the good fortunes of Altcoins. Serious GTN investors on the Glitzkoin Telegram channel, had an opinion that was miles apart from what the analysts were presuming.
Starting the year at a price of $0.25, the GTN climbed to the $0.32 to $0.35 range by the third week of Jan 2020. CoinMarketCap the independent crypto portal, has calculated an ROI of around 65% for the GTN at the above price range. This is undoubtedly an impressive number considering the fact that, that the two major elements of the project would be implemented within the first two quarters of 2020.
Glitzkoin CEO Navneet Goenka had this to say regarding the GTN price rise. In his opinion ‘… to begin with GTN has rarely followed market trends since it started trading in July 2018. Investors in the token have analyzed the project very carefully and realized that, it is a medium to long term token. The nearing of the Myticket-Glitzkoin implementation and the launch of DiaEx, have created a positive environment for the GTN. This has translated into purchases and it should continue to do so …’.
Interestingly the general view on the GTN price rise is something that the CEO and his loyal investors agree on. No guesses whether the upward movement will remain active but, there is positivity in the air.
GLITZKOIN: Glitzkoin is developed on the Stellar blockchain. The project includes the multifaceted GTN token that currently trades actively on 3 crypto exchanges (Cointiger, Stellarport and Dobitrade). Glitzkoin makes a direct connect to the multibillion dollar diamond industry. The project is promoted by second generation diamond veteran Navneet Goenka, it aims to improve productivity and market scope for the glittering industry. A comprehensive diamond trading platform (DiaEx) is part of the project, it supports both B2B and B2C trade in diamonds. As mentioned above GTN is traded by crypto traders on three exchanges, it is also designated as the mode of payment on DiaEx.