GSX crypto: Why is it grabbing attention?

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Highlights 

  • Gold Secured Currency (GSX) cryptocurrency is considered to be a unique token and is dubbed as the world’s first growth coin.
  • Backed by Apollo blockchain, the stablecoin offers the users the profit for ensuring its asset value. 
  • According to CoinMarketCap, the GSX crypto was trading at US$0.033476 with a 24-hour trading volume of US $0.033476.

Gold Secured Currency (GSX) cryptocurrency is considered to be a unique token and dubbed as the world’s first growth coin. Backed by Apollo blockchain, the stablecoin offers the users the profit for ensuring its asset value.

Combining the best features of cryptos and stablecoins, the GSX token creates a trust secured coin, which is backed by trust assets, which has an estimated value of .046 cents. As the currency runs on the Apollo Blockchain, the transactions made on the platform are completely legitimatised and decentralised.

The token saw a brief rally on Friday, both in terms of price and volume, but soon it fizzled out. The exact reason for the rally and dip is still unknown, but it has made the investors sit up and take a note of it. A few believe that the sudden rally could be because of GSX’s recent tweet that stated holders could win a Lamborghini and other prizes. Others are betting on it as an ideal crypto, which is seeing a mixed run of late. 

Also read: Will BICO’s massive volume gain attract investors?

What makes GSX crypto viable? 

GSX is primarily a trust-backed coin that is built in such a way that its value will always surge as compared to other assets. By utilising the decentralised platform, it can keep the information of trade private and confidential. The holders of GSX tokens earn dividends from the profits gained during gold and platinum mining.

Currently, GSX is only available on Cayman exchange BitMart, Singapore exchange CoinTiger and Hong Kong-based exchange Coinsuper for trading, but it is aiming to register with other leading exchanges, which should propel its growth and performance. 

Also read: How Facebook lifting ban on crypto ads can be a turning point

Is GSX crypto a good investment for you?

GSX crypto is ranked 2981 on CoinMarketCap. According to CoinMarketCap, the GSX crypto was trading at US $0.033476 with a 24-hour trading volume of US $0.033476. GSX crypto at the time of writing (BST 7: 40 am) was down by 1.45% with a fully diluted market cap of US $978,538,502 with a maximum supply of 29,306,100,002 GSX coins. 

Market experts feel that investors need more time to build their trust in GSX crypto. With the trends largely suggesting a bearish run, it would require a significant bump to grab investors’ interest. The market sentiments are currently not in favour of GSX crypto despite boasting of a token that says that it has the ability to ensure to generate value for its holders. 

The market experts predict that if the current trend continues, the GSX token could see its value fall, which could be bad for the future of crypto.  


 

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