Interesting question on some crypto media Tweets. Crypto enthusiasts wish to know if Bitcoin would have a 2022 ROI, that is less than that of XLM, Shiba Inu and Glitzkoin. Without getting into price predictions and market hype, we will make an effort to highlight one major misconception related to Bitcoin. The Altcoin sector is made up of more than 10,000 cryptocurrencies, we named just three in the above statement.
Most crypto lists have one thing in common, they place Bitcoin towards the top of the list – most likely in the topmost position. The reasoning is that BTC has a very high marketcap. The calculation is fairly simple and is got, by multiplying the price of a crypto by the number of coins/tokens, of that crypto in circulation. The result of this multiplication would surely give Bitcoin a very high number – what we refer to as marketcap.
What we were talking about is ROI (Return On Investment), this is something that delivers a profit or loss to a crypto investor. Glitzkoin has repeatedly stated that, the evaluation of cryptocurrencies is often done without giving due importance to ROI. It needs to be stressed that, ROI along with a host of other parameters need to be considered, when making crypto investment decisions.
Crypto analysts have been known to make serious efforts to manipulate the price of Bitcoin. The process includes making exorbitant price predictions and even, faking events that could push up BTC prices. While stressing on the big price point of Bitcoin and flaunting its massive marketcap, these analysts prefer to make little or no reference to Bitcoin ROI.
These ROI numbers for Bitcoin might surprise you, this because Bitcoin pumpers rarely shed light on these startling numbers. Buying 1 Bitcoin in November 2021 would have cost you close to $57,000 and in December 2021 that same Bitcoin, would have brought you just $47,000. Had you decided to keep holding that Bitcoin, the crypto would get you just about $38,000 in January 2022. At this point in mid April 2022, the same Bitcoin is worth about $40,000. So investing in Bitcoin in November 2021 and looking to sell it in mid April 2022, would put you at a loss of almost $17,000! A negative ROI in financial terms.
It is now clear that Bitcoin does not enjoy a very impressive ROI. We will repeat that crypto investors, make their profit based on ROI – not crypto price and not marketcap. This is something that the analysts choose not to highlight. As mentioned above their main intention is to paint a rosy BTC picture and attract investors. Let’s not forget that some of the big Bitcoin pumpers, are millionaires and billionaires.
We are confident that there would be close to 25 or 30 Altcoins that, could beat Bitcoin ROI in 2022. The number could be double or even triple that, but our assessment is limited to Altcoins that could not just beat BTC ROI but do so, at lower risk levels. Let us suffice by saying that Glitzkoin, XLM and ShibaInu will have a bunch of other cryptocurrencies, to keep them company. This as they slowly but steadily move forward, to beat Bitcoin ROI numbers in 2022.
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.