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Highlights:
- GoCryptoMe protocol aims to streamline the process of crowdfunding by integrating virtual currencies and DeFi protocol.
- GoCryptoMe is a decentralized finance (DeFi) protocol compatible with multiple blockchain ecosystems.
- The total supply of GoCryptoMe is 100 million GCME tokens, and on February 28, the cryptocurrency set an all-time high of US$ 0.2597 per token.
In the last 24 hours, the price of the GoCryptoMe coin has skyrocketed about 194 per cent and was trading at US$ 0.1897 per token at the time of writing.
Despite the price surge, the trading volume of GoCryptoMe was not significant. The 24-hour volume was up six per cent to $2.3 million, and its fully diluted market cap was $18.96 million, according to CoinMarketCap.
What is GoCryptoMe?
As per the official website, GoCryptoMe is a decentralized finance (DeFi) protocol compatible with multiple blockchain ecosystems.
GoCryptoMe protocol aims to streamline the process of crowdfunding by integrating virtual currencies and DeFi protocol. The project claims it wants to remove centralization's strict and biased firewalls.
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Crowdfunding has become a powerful tool for raising funds over the past few years. The founders behind GoFundMe feel that people cannot take advantage of new technologies as there are more restrictions due to centralized adoption.
According to the protocol's whitepaper, global crowdfunding increased from US$ 8.61 billion in 2020 to US$ 113.52 billion in 2021, reflecting a year-over-year (YoY) increase of 1,021 per cent.
According to the GoCryptoMe protocol, it uses multiple blockchains like Ethereum, Avalance, Polygon, and Binance Smart Chain and removes centralization and fastens the transaction process, among performing other functions.
What Is Gocryptome Coin?
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The protocol's native token is GoCryptoMe (GCME), and it can be used for purchasing DAO non-fungible tokens (NFTs) and contributing to the crypto-based crowdfunding platform.
Not many cryptocurrency exchanges have listed GoCryptoMe, and the top exchange for trading in GoCryptoMe coin appears to be PancakeSwap (V2).
Bottom line
The total supply of GoCryptoMe is 100 million GCME tokens, and earlier on February 28, the cryptocurrency set an all-time high of US$ 0.2597 per token.
At the time of writing, the crypto market was in the red, and the global market cap had declined 2.14 per cent over the previous day.
Although the price surge of the GoCryptoMe coin is worth anybody's attention, however, it is important to note that newer cryptocurrencies are highly volatile and demand extra caution from investors.
Research and proper evaluation of new cryptocurrencies could help investors avoid future financial losses.
Also Read: Why is Bitgert (BRISE) crypto grabbing attention?
