The impact of technology in our daily lives is as prevalent as it can get. Almost every aspect of modern-day human life revolves around technology. Hence our finances are no exception in this case, especially with the growing prevalence of cryptocurrencies.
Numbers suggest that about 19% of the global population has been involved with the crypto industry in one way or the other. But the characteristics of cryptocurrencies should have attracted a larger crowd than this. The volatile crypto market makes it challenging for people to trust cryptos.
But what if we had some crypto backed by a stable asset like gold? It would certainly be more helpful in getting more people interested in cryptocurrencies. This is where cryptos such as the Gold Secured Currency (GSX) Coin comes into the picture. However, before you go forward investing in Gold Secured Currency (GSX) Coin, there is a lot you need to learn about the coin.
So continue reading better to understand Gold Secured Currency (GSX) Coin and determine if it is worth your investment.
Table of Contents
Gold Secured Currency (GSX) Token At a Glance
| Project Name | Gold Secured Currency |
|---|---|
| Crypto Symbol | GSX |
| GSX Market Cap | $580,151,789 |
| Circulating Supply | 30.00 billion GSX Coins |
| Total Supply | 30,000,000,000 GSX Coins |
| Current Price (As of August 1st week) | $0.01934 |
| All-time High Rate | $0.083678 |
Gold Secured Currency (GSX) Token: Overview
According to the wisdom of the well-known philosopher Aristotle, money has three primary functions. The first functions as a unit of count, the second as a store of value, and the last functions as a medium of exchange. The Gold Secured Currency (GSX) Coin accomplishes all these functions as effectively as possible.
Gold Secured Currency (GSX) Coin is the first cryptocurrency of its kind, often referred to as the first growth coin of the world. The Apollo blockchain functions back the crypto as a stablecoin that ensures less volatility and more stability. The best thing about the Gold Secured Currency (GSX) Coin is that it always ensures asset value.
Gold Secured Currency (GSX) Coin combines all the finest stablecoins and cryptos features to create a reliable, secure coin. A trust asset backs the Gold Secured Currency (GSX) Coin with an estimated value of 0.46 cents. But more importantly, the Gold Secured Currency (GSX) Coin runs on the Apollo blockchain, meaning the platform transactions are fully decentralized and legitimized.
Gold Secured Currency (GSX) Coin is one of those few crypto coins that ensures a stable growth rate. With so many investors interested in the Gold Secured Currency (GSX) Coin, the token’s value will likely grow with time.
Gold Secured Currency (GSX) Coin is the native currency of Apollo Fintech, which owns a gold-rich land in Zimbabwe. This further helps back Gold Secured Currency (GSX) Coins as half of the profits from gold extracted from the land goes into advancing the coin value. This enables people to trust the token and the Apollo Fintech network.
Fundamental Value of The Gold Secured Currency (GSX) Token
With a better understanding of the Gold Secured Currency (GSX) Coin, it is time to evaluate the type of value this crypto holds. Now different cryptos hold different types of fundamental values making it very important to evaluate the fundamental value of a token before investing in it. But before diving into any further details about the Gold Secured Currency (GSX) Coin, let’s first take a look at the current state of the crypto in the market.
As of August 2022, the Gold Secured Currency (GSX) Coin holds a market value of $0.01934 with an appealing market cap of $580,151,789. Besides that, the 24-hour trading volume of the Gold Secured Currency (GSX) Coin stands at $114,732. While this valuation might look bad, one needs to understand the token’s value has increased by 0.14% in the last 24 hours. So with that out of the way, let’s check out the ways Gold Secured Currency (GSX) Coin holds a fundamental value.
Paying Commissions
Every transaction you make with the Gold Secured Currency (GSX) Coins attracts a small commission fee. Users must pay that fee with their Gold Secured Currency (GSX) Coin holdings. This fee is then used to further the development of the Gold Secured Currency (GSX) Coin ecosystem.
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Seamless Trading Experience
The primary function of most cryptos is trading and exchange. Gold Secured Currency (GSX) Coin is no exception in this case, as you can trade your Gold Secured Currency (GSX) Coin holdings to earn returns. A number of crypto exchanges support the Gold Secured Currency (GSX) Coin, so trading it should not be a hassle.
Ease Of Redeemability
Imagine how awesome it would be if you could redeem your crypto holdings for gold. Gold Secured Currency (GSX) Coin makes this possible as the company has a distinct program that allows people to redeem their Gold Secured Currency (GSX) Coin holdings for actual gold. This certainly ensures unmatched safety for your investments in the Gold Secured Currency (GSX) Coin.
Every crypto trader and investor needs to familiarize themselves with the fundamental value of the crypto. But this information alone is insufficient for people to make the right and informed decision. Hence, the following section will walk you through the Gold Secured Currency (GSX) Coin performance in all these years. So continue reading to learn more about the history of crypto.
GSX Token Price History & Overview
The Gold Secured Currency (GSX) Coin entered the crypto market in May 2021. Unfortunately, this was not a great time for new crypto to find its way into the market. Nonetheless, the Gold Secured Currency (GSX) Coin still managed to enter the market with its prices around $0.048612.
But this did not last for long as the Gold Secured Currency (GSX) Coin soon started to tread on a bearish trend. Consequently, the value of the Gold Secured Currency (GSX) Coin fell to $0.039118 in August 2021. This bullish trend continued for a while and the token plunged further down with its value reaching $0.032617 in November 2021.
Things then started to change for the Gold Secured Currency (GSX) Coin in a good way. Its value jumped up to $0.042310 in December 2021. This was a relatively better value for the Gold Secured Currency (GSX) Coin to close the year on a good note.
The start of 2022 seemed to be better for the Gold Secured Currency (GSX) Coin. The crypto started the year with a bullish trend, where its valuation stood at $0.048747 in January 2022.
But things again changed for the worse with Russia’s invasion of Ukraine in February 2022. This had a ripple effect on almost every market, and the crypto market was no exception in this case. Consequently, the value of the crypto again started to tread on a bearish trend, with its value dropping to $0.031244 in February 2022.
Things only worsened from here on, with the Gold Secured Currency (GSX) Coin reaching a very low valuation of just $0.023233 in April 2022. This was followed by an unprecedented spike in the market which resulted in a slight increase taking the value of Gold Secured Currency (GSX) Coin to $0.024408 in June 2022.
But this bullish trend only lasted till June 2022, with the value of Gold Secured Currency (GSX) Coin reaching a low of $0.021282 in July 2022. The token’s trading volume also began to decrease during this period, leaving investors worried.
As of August 2022, the Gold Secured Currency (GSX) Coin holds a market value of $0.01934 with an appealing market cap of $580,151,789. Besides that, the 24-hour trading volume of the Gold Secured Currency (GSX) Coin stands at $114,732. While this valuation might look bad, one needs to understand the token’s value has increased by 0.14% in the last 24 hours. The circulating supply of the Gold Secured Currency (GSX) Coin stands at 30.00 billion Gold Secured Currency (GSX) Coins from the total supply of 30,000,000,000 GSX coins.
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GSX Token Price Forecast
Now that you have a deeper insight into the past performance of the Gold Secured Currency (GSX) Coin, it is time to dive into the future. But unfortunately, the volatile nature of the crypto market makes it very challenging to predict the future performance of a crypto coin. This makes it imperative to evaluate the conclusions from the technical and fundamental analyses of the token.
But before diving further into these analyses, you must first understand the current stand of Gold Secured Currency (GSX) Coins in the market. As of August 2022, the Gold Secured Currency (GSX) Coin holds a market value of $0.01934 with an appealing market cap of $580,151,789. Besides that, the 24-hour trading volume of the Gold Secured Currency (GSX) Coin stands at $114,732. While this valuation might look bad, one needs to understand the token’s value has increased by 0.14% in the last 24 hours. The circulating supply of the Gold Secured Currency (GSX) Coin stands at 30.00 billion Gold Secured Currency (GSX) Coins from the total supply of 30,000,000,000 GSX coins.
Technical Analysis
2022 has been one of the worst years for the crypto market. The gradual decrease in the valuations of even the most significant crypto tokens has a ripple effect throughout the market. As a result, the Gold Secured Currency (GSX) Coin has also suffered the consequences of these situations, and the same becomes with its current value in the market.
As of August 2022, the Gold Secured Currency (GSX) Coin holds a market value of $0.01934 with an appealing market cap of $580,151,789. Besides that, the 24-hour trading volume of the Gold Secured Currency (GSX) Coin stands at $114,732. While this valuation might look bad, one needs to understand the token’s value has increased by 0.14% in the last 24 hours. The circulating supply of the Gold Secured Currency (GSX) Coin stands at 30.00 billion Gold Secured Currency (GSX) Coins from the total supply of 30,000,000,000 GSX coins.
Fundamental Analysis
Every crypto investor and trader is well aware of the significance of evaluating the fundamentals of crypto before investing in it. The fundamental analysis of the crypto coin will help you get a better idea of what is in store for the future of the Gold Secured Currency (GSX) Coin.
Barring every other appealing characteristic of the Gold Secured Currency (GSX) Coin, one has to acknowledge that this is the only token backed by actual gold. Gold had long been the reserve currency of the world before the changes made by US President Richard Nixon. This means investing in Gold Secured Currency (GSX) Coin ensures unmatched safety and security with no hassle. So it is safe to say that Gold Secured Currency (GSX) Coin comes with robust fundamental value.
Note: The crypto market is one of the most volatile markets in the modern-day financial system. As a result, it becomes very challenging to predict the future performance of crypto. But fortunately, we can refer to the price forecasts and predictions by experts to get a better idea of what’s in store for the future of crypto. But that does not mean you should solely rely on these predictions and forecasts. Besides that, you need to do your research and due diligence to better understand crypto and the market before investing in it.
Now that you have a better idea about the technical and fundamental aspects of the Gold Secured Currency (GSX) Coin, it is time to dive into more granular details. The following section will walk you through the year-wise price predictions of the Gold Secured Currency (GSX) Coin. So continue reading to get a better understanding and evaluate if Gold Secured Currency (GSX) Coin is worth your investment.
GSX Token Price Prediction 2022-30
Gold Secured Currency Token Price Predictions For 2022 | Potential ROI: 92%
2022 has not been a very remarkable year for the crypto market, with so many things going on in the world around us. Consequently, even the Gold Secured Currency (GSX) Coin has suffered some extensive damages. The coin started the year with a value of $0.048747, but this value continued to decline with each passing month.
As of August 2022, the Gold Secured Currency (GSX) Coin holds a market value of $0.01934 with an appealing market cap of $580,151,789. Besides that, the 24-hour trading volume of the Gold Secured Currency (GSX) Coin stands at $114,732. While this valuation might look bad, one needs to understand the token’s value has increased by 0.14% in the last 24 hours. The circulating supply of the Gold Secured Currency (GSX) Coin stands at 30.00 billion Gold Secured Currency (GSX) Coins from the total supply of 30,000,000,000 GSX coins.
For the remainder of 2022, experts from TradingBeast are expecting the prices to grow and reach $1.1398. Then comes the experts from PricePrediction.net, who are expecting the prices of Gold Secured Currency (GSX) Coins to reach $0.58. But experts from WalletInvestor are pessimistic about the coin’s performance as they are predicting a downturn to take the coin’s prices to a low of $0.104384 by the end of 2022.
Gold Secured Currency Token Price Prediction For 2023 | Potential ROI: 125%
2023 will likely be a better year for the Gold Secured Currency (GSX) Coin, with predictions from TradingBreast suggesting the prices will reach $1.168545 by the end of 2023. The next on the list of experts are from PricePrediction.net, who are optimistic the prices of Gold Secured Currency (GSX) Coins will reach $0.86 by 2023. Contradicting these predictions are experts from WalletInvestor who suggest the prices will drop down to $0.11071 by the end of 2023.
Gold Secured Currency Token Price Prediction For 2024 | Potential ROI: 199%
Things look perfect for the Gold Secured Currency (GSX) Coin in 2024. Experts from TradingBeast expect the token prices to reach $1.28917. Then comes the experts from Priceprediction.net, who expect the prices to reach $1.25 by the end of 2024. Finally, there are experts from WalletInvestor who suggest the prices will remain somewhere around $0.294173 by December 2024.
Gold Secured Currency Token Price Prediction For 2025 | Potential ROI: 275%
By 2025, chances are high that Gold Secured Currency (GSX) Coin will become a great coin. Experts from TradingBeast suggest the prices will reach $1.607357 by the end of 2025. Experts at PricePrediction.net are also optimistic about the coin’s performance, with their predictions suggesting the prices will reach $1.77 during the same period. But experts from WalletInvestor are still pessimistic about the crypto’s performance, with their predictions citing the prices will remain at $0.177136 by December 2025.
Gold Secured Currency Token Price Prediction For 2030 | Potential ROI: 1376%
The long-term picture looks great for the Gold Secured Currency (GSX) Coin. Experts from TradingBeast expect the prices to reach at least $1.494842 by the decade’s end. Then comes the experts from PricePrediction.net who are suggesting a significant increase will take the token’s price to $12.38. Experts from WalletInvestor are still pessimistic about Gold Secured Currency (GSX) Coin, with their predictions citing a price of just $0.129689 by the end of 2030.
With so many figures on display, it is only natural for people to feel overwhelmed with these numbers. So let’s present these figures more comprehensibly, which in this case would be a tabular format.
| Method | 2022 | 2023 | 2024 | 2025 | 2030 |
|---|---|---|---|---|---|
| Expected Price | $1.1398 | $1.168545 | $1.1289817 | $1.607357 | $1.494842 |
| Potential ROI | 92% | 125% | 199% | 275% | 1376% |
| Type Of Run | Bearish | Bearish | Bearish | Bullish | Bullish |
| Singal | Buy | Buy | Buy | Hold | Sell |
Unique Features of the Gold Secured Currency (GSX) Coin
With so many cryptos available in the market, it is only fair to presume that the Gold Secured Currency (GSX) Coin has some unique characteristics. Some of these characteristics include:
- Perpetual Value Growth: No other crypto in the market ensures its growth certainty. But Gold Secured Currency (GSX) Coin comes with 50% gold backup, guaranteeing perpetual growth.
- Backed By Gold: Gold Secured Currency (GSX) Coin is here to eliminate all uncertainty from the crypto trading mechanism. The crypto is backed by gold, so investors can remain confident that the token will reach a higher value sooner or later.
- Coin Burns: The other great thing about the Gold Secured Currency (GSX) Coin is the coin-burning mechanism of Apollo Fintech. This ensures further stability for the coin’s value in the long run.
Is It Worth Investing In GSX Token?
The crypto market has long held a reputation for being highly volatile. Consequently, it becomes rather challenging to determine the future performance of a token. But we can always refer to the predictions and forecasts from experts to determine if Gold Secured Currency (GSX) Coin is worth your investment.
Besides that, you also need to conduct your research and due diligence to understand the token and the market better. This is important as it gives you a first-hand market view and helps facilitate informed decision-making.
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Final Verdict
Investing in crypto means familiarizing yourself with a number of different factors. This requires a ton of research and due diligence to ensure you make the right and informed decision. Fortunately, you need not spend much time and effort researching the Gold Secured Currency (GSX) Coin.
This article has all the information you need about the Gold Secured Currency (GSX) Coin. be it the past, present or future of the Gold Secured Currency (GSX) Coin this article has got it all. So make sure you use this information well and facilitate better investment decisions.
FAQs
Will Gold Secured Currency (GSX) Coin soon breach the $1 mark?
It is never easy to predict the future performance of a crypto coin due to the volatile nature of the market. But one can always rely on the forecasts and predictions from experts to make informed decisions. Given the available data, Gold Secured Currency (GSX) Coin will soon breach the $1 mark.
Does Apollo Fintech allow third-party audits?
Third-party audits are critical in helping investors and traders determine if everything is safe and secure on the network. Apollo Fintech does allow third-party audits to ensure there is nothing wrong with the network.
Is Gold Secured Currency (GSX) Coin a stablecoin?
The Gold Secured Currency (GSX) Coin is a combination of both stablecoin and cryptocurrency. Crypto leverages both characteristics and offers traders and investors something entirely revolutionary.
Shrey Jain is a Chartered Accountant who holds a forte in creating informative content on niches like Finance, Blockchain, crypto, and Taxation. He is a contributor on Hackernoon and Publish0x, where the audience has highly appreciated his articles. In addition, his knowledge in the finance field has helped both beginners and experts gain valuable insights into the domains of Blockchain and finance.