Graph Blockchain
CSE:GBLC
Exposure to Altcoin and other DeFi Opportunities
Exposure to Altcoin and other DeFi Opportunities
While Bitcoin and Etherium have long been the major names in the cryptocurrency space, competitors are emerging every day. These new coins, “altcoins", are creating value by capitalizing on alternative coins after Tesla announced it will suspend Bitcoin payments over environmental concerns. Although Bitcoin's price is still up by almost 12 percent in the market as of June 2021, altcoins are showing an increase of over 10 percent after investors started diversifying into a total of $27 million in inflows.
While investors may be eager to enter into the altcoin space, one thing that may hold them back is the sheer number of altcoins in existence. In fact, the total number of altcoins in existence sits at somewhere around 7,800, according to data from CoinGecko. With such a large number of coins, it would be extremely difficult for individuals to evaluate each one to determine their value. Factors such as their use case, circulating supply, and the team behind the project can all have an impact on future value.
Graph Blockchain (CSE:GBLC) is a Canadian company that operates in the Decentralized Finance (DeFi) space providing investors with the opportunity to gain exposure to the altcoins market. The company is also refocusing blockchain solutions from private blockchains to public blockchains opening significant interest and opportunities in various segments like insurance solutions, lending and borrowing, exchanges (crypto and synthetic assets) and the derivatives markets.
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