is gxc coin potentially good? | Bitcointalksearch.org

Bazzu

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Quote from: Xal0lex on January 22, 2023, 06:53:38 AM

If you mean this project https://coinmarketcap.com/currencies/gxchain/, this shitcoin has no investment future and never had one. It has been 5.5 years since its launch in July 2017, and the token is still at a loss. You can consider this garbage only for short-term speculation, because this coin is not suitable for long-term investment and is extremely unprofitable.

I created this topic and asked about the potential or not of gxchain coin, because I saw that the lowest price of gxchain in cmc is not that low. that's why i ask everyone about gxchain. and your answer is very good, of course it will keep me learning about gxchain coins. but i want to ask,,

gxchain coin lowest price is not very low, can you give me reason and explanation about that gxchain coin is not suitable for long term investment?

Stella Mese

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this is an interesting topic, and you are also not wrong to make a topic like this because this is indeed a forum in the altcoin discussion section..
in my opinion about gxchain coin..
yeah, that's pretty good..and I happen to have some in my purse too.
and now the price is down.
and usually this coin when you ride the pump is really good. but of course for the future regarding this coin I think it's pretty good,
so this is how it is when you buy gxchain coins
That means you have to be prepared to take risks.

lalabotax

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Quote from: Bazzu on January 20, 2023, 07:54:52 PM

I want to know from all my friends about gxc coin, does gxc coin have good potential for the future? because I saw at CMC the supply was only 100 million,

Sometimes, in altcoin, the amount of the supply will not influence much moreover to this kind of coin. I don't think that this will have a bright future, moreover, this has fallen so drastically. We don't know whether this coin will survive and then pass this bearish era with still valuable future or not.

Quote from: Bazzu on January 20, 2023, 07:54:52 PM

is this coin worth making a long term investment?

If I were you, I will stay away from this kind of coin. I think this is another shit coin that will only waste my money if I am aiming for a long-term investment. Just go to Bitcoin or at least the top 10 coins that really have probabilities to rise up much in the future with strong fundamentals and good issue

ningrum

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Quote from: Bazzu on January 20, 2023, 07:54:52 PM

I want to know from all my friends about gxc coin, does gxc coin have good potential for the future? because I saw at CMC the supply was only 100 million,
and if I'm not mistaken in 2021 this coin has also experienced a high price increase ... but now the price has fallen,
what do you think about this coin?
is this coin worth making a long term investment?

According to Coinmarketcap GXC has migrated to the REI Network, GXC has also been delisted from Binance and switched to REI with a 1:10 ratio,
I hope you no longer hold GXC but only hold REI, yes some exchanges still have trades for GXC/GXS, however it is more advisable to switch to Binance and buy REI for long-term investment,
and yes this altcoin has great potential to pump up to 10x or even 100x.

sunsilk

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Quote from: taufik123 on January 21, 2023, 10:12:57 PM

Quote from: sunsilk on January 21, 2023, 06:39:22 PM

The supply do play a big part for a project's tokenomics but still, the potential of a project is determined by the fundamentals and development of it.

As for its market, if the pump was done and it has went down a lot, the chance of seeing it again even if we go for another bull run is only with little chance to unlikely.

Developers and fundamentals are one of the mandatory things that a new project has, without it the project will not get a good place.
Just look at some of the successful altcoins like DOGE with no limit on supply, able to survive and become a successful memecoin and even achieve high ATH, it's because of their strong community, good fundamentals and development.
and current new ones like Memecoin $BONK with a total Supply of 100 Trillion.

But when there is a decline and the fundamentals are not supportive and there is no strong community, any coin will not last and will eventually be abandoned.

Dogecoin is one of a kind.

The community was already there even before the memecoin hype saga has started. And that's why the other projects have built another meme coin because they have to keep in touch with it.

That's why the fundamentals is important although it's a different matter if it's about the development. However, new projects should look at those points if they want to get noticed.

o48o

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Quote from: Bazzu on January 20, 2023, 07:54:52 PM

I want to know from all my friends about gxc coin, does gxc coin have good potential for the future? because I saw at CMC the supply was only 100 million,
and if I'm not mistaken in 2021 this coin has also experienced a high price increase ... but now the price has fallen,
what do you think about this coin?
is this coin worth making a long term investment?

If you are talking about CXChain why would it be? Explorer shows no transactions. Homepage link on the CMC doesn't work.

Little bit of googling tells me that they partnered with REI chain and there has been a token swap. Which makes me think that these tokens are not even tradeable nor you can swap them anymore. They are pointless. So your friends either don't know what they are talking about or are just lying to you.

Kemarit

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Quote from: Bazzu on January 20, 2023, 07:54:52 PM

I want to know from all my friends about gxc coin, does gxc coin have good potential for the future? because I saw at CMC the supply was only 100 million,
and if I'm not mistaken in 2021 this coin has also experienced a high price increase ... but now the price has fallen,
what do you think about this coin?
is this coin worth making a long term investment?

Well majority of the coins have been pump during the 2021 bull run, so GXC is no exception.

However, we don't know if this coin is going to survived this bear market, as you have said, it has fallen dramatically. And even if it just cap to $100 million, that is still not the only factors that investors are going to put their hard earn money on it, or for any project for that matter.

It should have a solid use case, strong fundamentals to be able to get the consensus and keep this project afloat in the next bull run. So no one can answer you in my opinion, as we can't see what the future holds.

Xal0lex

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If you mean this project https://coinmarketcap.com/currencies/gxchain/, this shitcoin has no investment future and never had one. It has been 5.5 years since its launch in July 2017, and the token is still at a loss. You can consider this garbage only for short-term speculation, because this coin is not suitable for long-term investment and is extremely unprofitable.

wxa7115

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Quote from: Bazzu on January 21, 2023, 08:33:58 PM

oh, yes, I'm sorry I wasn't clear in making the topic, because in cmc the gxc coin is not one but many, what I really mean is gxchain, and to be honest I'm only focused on supply and not judging in terms of quality and enthusiasts, suggestions from you are very good, and I will read the article you provide. hopefully useful for me and also all who want to read.

The supply is not everything, the success of a project is produced by a combination of factors, and for what I can see things are not looking good for GXChain.

Its volume is barely above 5k dollars, the last time it reached an ATH was 5 years ago, the highest price it reached during the most recent bull run was just 40% of its ATH and right now is relatively close to its lowest price ever, that being said if you have reasons to believe this coin will do well then you could invest a very small amount in it, but if I were you I will stay away from GXChain.

taufik123

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Quote from: sunsilk on January 21, 2023, 06:39:22 PM

The supply do play a big part for a project's tokenomics but still, the potential of a project is determined by the fundamentals and development of it.

As for its market, if the pump was done and it has went down a lot, the chance of seeing it again even if we go for another bull run is only with little chance to unlikely.

Developers and fundamentals are one of the mandatory things that a new project has, without it the project will not get a good place.
Just look at some of the successful altcoins like DOGE with no limit on supply, able to survive and become a successful memecoin and even achieve high ATH, it's because of their strong community, good fundamentals and development.
and current new ones like Memecoin $BONK with a total Supply of 100 Trillion.

But when there is a decline and the fundamentals are not supportive and there is no strong community, any coin will not last and will eventually be abandoned.

Quote from: Bazzu on January 21, 2023, 08:33:58 PM

-snip-
and to be honest I'm only focused on supply and not judging in terms of quality and enthusiasts, suggestions from you are very good, and I will read the article you provide. hopefully useful for me and also all who want to read.

You need to learn how to do research to determine whether a project is a good one or not. Many tools are provided to do research in detail.
You can learn about it in this forum. When you understand how to choose a good project, you will be more confident about entering the project you have chosen.

Bazzu

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Quote from: MAAManda on January 21, 2023, 01:32:19 PM

Quote from: taufik123 on January 20, 2023, 08:28:04 PM

Because after I checked there were 3 coins with the name GXC.

I'm sure he meant GXChain, because after I checked, I only saw GXChain which has 100 million in supply.

Quote from: Bazzu on January 20, 2023, 07:54:52 PM

is this coin worth making a long term investment?

from my POV, I don't see any future in this coin. You can see in the trading volume of this coin, on CMC it says that there's only $4,158 in trading volume. which means, this coin isn't interesting to invest. I don't know how this coin is progressing, but if you look at the $GXC page on CMC, you'll see a notification that $GXC has changed to the Rei Network. For more details, you can read this medium article: https://medium.com/gxchain-project/faqs-for-gxc-rei-token-swap-d6f49ce0f9c

oh, yes, I'm sorry I wasn't clear in making the topic, because in cmc the gxc coin is not one but many, what I really mean is gxchain, and to be honest I'm only focused on supply and not judging in terms of quality and enthusiasts, suggestions from you are very good, and I will read the article you provide. hopefully useful for me and also all who want to read.

landheer

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maybe you mean coin, gxchain huh? the supply is only 100 million, in my opinion for this gxc coin, it is quite interesting because the supply is only 100 million, but in my opinion to measure whether it has potential for the future or not, don't look at it from supply.
because the most important thing is that people are interested in these coins. so you also have to be able to analyze fundamentally.
but of course in my opinion if you want to invest in
altcoin, choose an altcoin that is ranked in the top 15, that is, so that it has good potential for the future.

sunsilk

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Quote from: Bazzu on January 20, 2023, 07:54:52 PM

I want to know from all my friends about gxc coin, does gxc coin have good potential for the future? because I saw at CMC the supply was only 100 million,
and if I'm not mistaken in 2021 this coin has also experienced a high price increase ... but now the price has fallen,
what do you think about this coin?
is this coin worth making a long term investment?

The supply do play a big part for a project's tokenomics but still, the potential of a project is determined by the fundamentals and development of it.

As for its market, if the pump was done and it has went down a lot, the chance of seeing it again even if we go for another bull run is only with little chance to unlikely.

You will also notice the changes on its volume, if it is getting lower then you know what it is.

MAAManda

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Quote from: taufik123 on January 20, 2023, 08:28:04 PM

Because after I checked there were 3 coins with the name GXC.

I'm sure he meant GXChain, because after I checked, I only saw GXChain which has 100 million in supply.

Quote from: Bazzu on January 20, 2023, 07:54:52 PM

is this coin worth making a long term investment?

from my POV, I don't see any future in this coin. You can see in the trading volume of this coin, on CMC it says that there's only $4,158 in trading volume. which means, this coin isn't interesting to invest. I don't know how this coin is progressing, but if you look at the $GXC page on CMC, you'll see a notification that $GXC has changed to the Rei Network. For more details, you can read this medium article: https://medium.com/gxchain-project/faqs-for-gxc-rei-token-swap-d6f49ce0f9c

KiaKia

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There are some shit coins on coinmarketcap with 25 million to 30 million max supply, focusing your attention on max supply instead of the problem the project is solving in crypto space is a waste of time and money, look at the max supply of Polygon and look at it's value.

taufik123

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It is worth it or not depending on how you do research on the coin.
You didn't even include the Gxc Coin link so people couldn't check what coin you're referring to.

Because after I checked there were 3 coins with the name GXC.

Apart from that, have you never read the thread about how to do a little research before choosing a coin to invest in?
Is the altcoin like the gxc coin that you mentioned a promising project or just a trash coin left behind.

Don't just be interested in the $100 million supply. the amount of supply cannot be a benchmark for whether a coin is good or not.

my recommendation the top altcoins in the top 10 CMC could be an option instead of obscure coins. But still have to do research first. DWYOR

Bazzu

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I want to know from all my friends about gxc coin, does gxc coin have good potential for the future? because I saw at CMC the supply was only 100 million,
and if I'm not mistaken in 2021 this coin has also experienced a high price increase ... but now the price has fallen,
what do you think about this coin?
is this coin worth making a long term investment?

Topic: is gxc coin potentially good? (Read 152 times)