This article centers around a thorough assessment of GO coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploGO assorted key metrics that demonstrate critical aspects of performGOe such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits..
What is GoChain (GO) Coin?
GoChain (GO) is a cryptocurrency and blockchain platform designed to provide fast , scalable, and secure solutions for decentralized applications (dApps) and smart contracts . It aims to overcome the scalability issues faced by many other blockchain networks , offering high transaction throughput and low fees .
GoChain uses a Proof of Reputation (PoR) consensus algorithm that involves a network of pre-approved validators who have demonstrated their reputation for maintaining the network’s integrity . This allows GoChain to process transactions quickly while ensuring security .
The GO token serves as the native currency on the GoChain platform, enabling users to pay for transaction fees , participate in governance decisions , and access various services within the ecosystem . It can also be used by developers to create dApps or launch initial coin offerings (ICOs) on the GoChain network .
Overall , GoChain aims to provide an efficient blockchain infrastructure suitable for both enterprise-level applications and everyday use cases .
If you want to know more about the GoChainCoin(GO) coin , you can visit its website .
Projects:
GoChain (GO) is actively involved in various projects and partnerships within the blockchain industry. Some notable initiatives include:
1. Supply Chain Management : GoChain has collaborated with companies like Microsoft , Lenovo , and Dish Network to develop solutions for supply chain management using blockchain technology. These projects aim to enhance transparency, traceability, and efficiency in supply chains by leveraging the secure and immutable nature of the GoChain network .
2Enterprise Solutions : GoChain offers enterprise-grade blockchain solutions for businesses looking to leverage decentralized technology. Its platform provides fast transaction speeds and low fees while maintaining security, making it suitable for a wide range of applications such as finance, logistics, healthcare, gaming , and more.
3. dApp Development : The GoChain ecosystem supports the development of decentralized applications (dApps). Developers can utilize GoChain’ s tools and resources to build scalable dApps that benefit from high throughput without compromising on decentralization or security .
4. Partnerships & Integrations: GoChain has formed strategic partnerships with organizations like IBM Cloud Hyper Protect Services and Chainlink to integrate their technologies into the GoChain network . These collaborations aim to enhance functionality by incorporating additional features such as privacy enhancements or external data integration through oracle services.
These are just a few examples of how GoChain is actively engaged in advancing blockchain adoption across different industries through its projects and partnerships .
Factors affecting price:
The price of any cryptocurrency, including GoChain (GO), can be influenced by a variety of factors. Here are some key factors that can impact the price of GO:
1.Market Sentiment : Like most cryptocurrencies, the price of GO is influenced by market sentiment and investor confidence . Positive news or developments about GoChain’s technology , partnerships , or adoption can drive up demand and increase the token’s value .
2 Overall Market Conditions : Cryptocurrency markets are interconnected, so broader market trends and conditions can have an impact on GO’s price as well . Factors such as Bitcoin’s performance , regulatory changes, macroeconomic events, or global financial stability can influence investor sentiment towards all cryptocurrencies .
3. Adoption and Partnerships : The level of adoption and integration of GoChain within various industries plays a significant role in its price movement. Increased usage through partnerships with established companies or successful implementation in real-world applications could attract more investors to GO.
4Competition : Competition from other blockchain platforms offering similar features could affect the perceived value of GO . If competing projects gain traction or offer better technological solutions for scalability and security than GoChain does , it may put downward pressure on the token’s price .
5. Network Metrics : Specific metrics related to GoChain’s network performance may also influence its price dynamics. These include transaction volume on the network, active dApps built on top of it , staking activity if applicable to the consensus mechanism used by GoChain etc .
It is important to note that cryptocurrency prices are highly volatile and subject to rapid fluctuations due to these factors as well as many others specific to individual coins like liquidity levels and trading volumes .
Where can I buy GoChainCoin (GO)?
Exchange Pair Volume
GoChain Coin (GO) Baseline Assessment :
The market cap of the GoChainCoin(GO) coin is $ 9.185.116 and its circulating supply is 1.225.957.710 units . Its maximum supply is ∞ units , with a fully diluted valuation of $ 7.664.737
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What is the high price point for GoChain Coin (GO)?
GoChainCoin (GO) token highest price is $0.1165 recorded on Jul 10, 2018 . The current price is -94.76% lower than the all-time high .
What is the low point of the price for GoChain Coin (GO)?
GoChainCoin(GO) token’s lowest price was $0.003994 on Mar 13, 2020 .
GoChain Coin (GO) Technical Outlook:
The decline that started on March 29, 2021, was consolidated at $0.004909. Although it fell as low as $0.001214 on December 19, 2022, this remained a momentary move. Continuing its movement within the falling channel, the GO coin is in search of volume. As of March 29, the level where the volume is concentrated in the bearish channel at $ 0.008521 should be watched carefully. Permanent candle closures above this level will whet the appetite of the bulls. In the case of a $0.011097 volume break, a bullish position can be taken with the change in the market structure.
Our support is $0.004909. Our sequential resistances are: 0.011097 – $0.016488 – $0.029103 – $0.060572 – $0.12933
Investment information, comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments , and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences . Therefore , making an investment decision based solely on the information herein may not yield results that meet your expectations .
