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Highlights
- Founded in 2013, GeyserCoin (GSR) is an Automated Market Maker (AMM) and aims to provide liquidity and structured products to global investors in the digital assets industry.
- Backed by a qualified team of experts, the token brings world-class financial knowledge into the crypto world.
- The 2788th ranked GSR token was trading at US$0.002593 with a trading volume of US$1.74 as per CoinMarketCap.
Founded in 2013, GeyserCoin (GSR) is an Automated Market Maker (AMM) and aims to provide liquidity and structured products to global investors in the digital assets industry. The GSR token connects with leading marketplaces to ensure liquidity maintenance of its protocol.
Considered as one of the fastest and the most robust trading systems in the crypto world, the firm has successfully managed to trade and manage billions of digital assets through its unique software. Backed by a team of experts from Goldman Sachs, Two Sigma, and IBM, it brings world-class financial knowledge into the crypto world.
Also read: Why is the UMA crypto rallying today?
While the GSR token does boast of the credentials, its market performance has not been reflective of its features, of late. On 1 March, the GSR token was down by almost 53%. In fact, the token has registered huge losses over the past month. In the past 30 days, it has incurred losses of up to 60% and over 16% in the past week itself, according to CoinGecko.
Reason for the slide
Well, one of the reasons for its slide can also be related to the overall crypto environment. The market, in fact, has been bearish for quite some time now and it has not helped the majority of cryptos.
Led by a team of professionals from the financial world such as its co-founder Richard Rosenblum and Cristian Gil, the ecosystem has worked on reducing the challenges in achieving the innovation at the same time maintaining capital.
All GSR trade executions are maintained on its strong database, and it provides liquidity to both centralized and decentralized exchanges. GSR through its partnership with major decentralised exchanges acts as a robust platform providing on-chain engineering and trading capabilities.
Also read: What is StarLink (STARL) crypto? How is it unique?
How GSR price faring?
The 2788th ranked GSR token was trading at US$0.002593 with a trading volume of US$1.74 as per CoinMarketCap. The GSR token was up by 54.92% in the last 24 hours with a fully diluted market cap of US$11,629 with a total of 1,672,070 GSR coins in circulation.
The GSR project aims to grow bigger, but with low volumes, it would take some time to generate market interest. Having said that, first and foremost, its investors will be hoping that the token climbs out of this bearish phase and make some changes to its ecosystem before gaining some trust.
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