There are some questions being raised about the modest circulating volume of GTN tokens. After CoinMarketCap released official figures for the circulating number of GTN tokens at 247.5 million, existing investors were happy at the modest number. At the same time, we hear few voices stating that the number of circulating tokens is way too moderate or even small. Let us clarify the issues involved in this report.
Seasoned investors realize that the price stability and regular upward movement of GTN prices, happens due to the modest number of tokens circulating (247.5 million). With a smaller number of tokens, a moderate demand [D], would generate a higher token price once the demand was satisfied. Similarly, the same demand [D] would put lesser pressure on the price, if the number of circulating had been much higher.
We will explain this issue by comparing popular altcoins XLM and XRP with GTN. We must mention that at one time (recent past) both, XLM and XRP had an impressive price lead on GTN. As time progressed, GTN based on its superior proof of work, moved ahead of both these tokens. More detailed comparisons for the 3 tokens are provided below.
Glitzkoin’s (GTN)($0.39) circulating volume of 247.5 million tokens helps explain its impressive price appreciation. With subtle demand increases for GTN, the price increase for the token is greater if the number of circulating tokens is low. Similarly, with the same increase in demand, a smaller price increase is seen if the circulating volume of the token is high.
Comparing GTN’s 247.5 million tokens with popular XLM ($0.06) having 20.2 billion tokens in circulation, and XRP ($0.24) with 43.7 billion circulating tokens, GTN started trading in July 2019 with a token price of $0.20. At the same time XLM was priced at around $0.30. Today GTN stands at $0.39, nearly double of its starting price. XLM has slid to to $0.06 (Feb 2020). XRP which was predicted to yield massive returns, has been unable to sustain $0.30, it maintained that level for less than a week
Limited circulating GTN works to the benefit of investors. The token needs only subtle demand increases to appreciate its price. There was a time when the promoters of Glitzkoin and the team, would look to XLM and XRP for motivation and guidance. Unfortunately neither of them, has stood the test of time. GTN on the other hand, has won support from serious crypto investors. Striving to keep the project on schedule and staying away from pump and dump gimmicks, has earned the token high respect from crypto analysts and knowledgeable crypto investors.
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.