It is yet another set of encouraging new for the Gold Dollar, currently still the only cryptocurrency owning bragging rights to having a realty backing its fundamental value up. The Gold Dollar is fast picking up speed after just over a year being launched. The astonishing speed in which its popularity is gaining has over the last 6 months, has seen it surpass many other new cryptocurrencies in terms of potential & increasing demand.
It is a foregone fact to know that unlike conventional currency, cryptocurrencies are not controlled or regulated by some singular authority, their flow is determined entirely by market demand. And building a market demand for a brand-new cryptocurrency is never an easy task.
The Gold Dollar has over the last few weeks, released a series of news that indicate its aggressive move toward getting itself labelled as the newest kid on the block. These moves reflect the magnitude of growth the cryptocurrency has progressed since its birth last year.
Firstly, its blockchain information was officially released on Git Hub, the world’s largest repository website. Along with that of the bigger boys like Bitcoin, the release signifies its grand entrance into the world market of cryptocurrencies. With experts revealing positive prospects of the Gold Dollar and its potential, it is no doubt there will be enthusiasts keeping a lookout on its fundamental data and plunging into once it is released to the markets.
Payments industry players have been closely watching these developments, generally because cryptocurrencies have the potential to disrupt and transform the existing global financial infrastructure. Invented as a P2P version of electronic cash which allows online payments to be sent directly from one party to another without doing through a bank, they are favoured over many conventional payment methods. Hence the more cryptocurrencies with good baselines will result in the consumers being spoilt for choice.
Consequently, due to the need to have avenues for consumers, the long-anticipated Gold Dollar World, the altcoin’s e-commerce platform, has taken flight in the Asian market. Boasting a suite of products ranging from medical services to tea to restaurants, the Gold Dollar has expanded its outreach to the general consumer market in a forceful and impactful manner.
An upgraded version of its wallet was also recently launched on the 20th August 2017. This was to be the icing on the cake for the Gold Dollar. Enthusiasts can look forward to a consumer-centric experience with this new wallet.
In truth, a new altcoin’s growth is hurdled by a lot of challenges. One perceived challenge that the market thinks the Gold Dollar can cope with well is that of hyper-volatility. In conditions of limited supply, the rate will depend on demand. And this value is directly related to the subjective attitude of the users, which can change as only humans can.
The Gold Dollar has, over the last one year proven itself to be able to entice and attract the user base which will stabilize this factor and see its value sore in the near future. One feat that many altcoins can only be envious of.
Company Name: Golden Dynasty Resources Limited
Contact Person: Mr. Peter Burslem
Address:6 Prospect Way, Royal Oak Industrial Estate, Daventry
Country: United Kingdom