The G coins team aim to develop the coin into the preferred currency for all gaming activities. Powered by the Game.com (GTC), the team claims to have an ecosystem that helps to connect gamers around the globe through a unified messaging service. It also seeks to enable gamers to solve challenges associated with liquidity in traditional gaming ecosystems. This will enable them trade in in-game assets easily via its cryptocurrency platform.
Cryptocurrency and price swings aren’t a new phenomenon. It’s also normal to see a relatively unknown project go absolutely bonkers and post a +700% gain within a couple of days. That happened to altcoin Game.com, racing to the new highs after soaring over 200% against the US dollar.
The coin is now trading at $0.1826, compared to $0.4667 hit on April 22, 2018. The massive price gain has seen investors flocking to get the altcoin. Its 24h trading volumes shot up by about 400% to rise from $44 million worth of GTC traded on April 21, 2018, to over $174m on April 23, 2018. The big question would be what drove this price jump?
It appears this price pump has been long coming, and it’s connected to a number of announcements. The first instance that could have elevated the coin relates to the TRON announcement that the crypto was in line to participate in the upcoming TRON Super Representative elections. Before that sank, a series of other tweets by Game.com seem to have hit the point home to investors: there was a lot to gain by investing in GTC.
The most culpable announcements could be the one that informed the public of an impending airdrop to all GTC holders. Then another followed about another airdrop in which the platform would share profits with all holders. Investors bought into that and prices skyrocketed.
But in a sad turn of events, the price of Game.com (GTC) has dropped by -37% in the last 24 hours, leaving investors unsure of what is coming next.