If you’ve taken a look lately at Coinmarketcap.com, the odds are you’ve caught a glimpse of an Altcoin battlefield covered in red. However, one coin is rising above the chaos as the price begins testing its one-month high.
Prices are down across the board as early coin adopters scramble to bail the water flooding into their sinking ships. In the mean time, one brave community is working to rise above the ashes and is determined to keep their dream alive. While its developer is hard at work coding his new java client, the remaining members of the Goldcoin (GLD) tribe look to implement a new and innovative capitalization plan.
Prominent community member, Jamie Keefer, is rallying the troops this week around his new capitalization program. The idea is to enroll enough people to add liquidity to the market and absorb the newly mined coins being automatically sold by miners.
If people see a committed base it will add value, unlike DOGE or FTC where many people just mine to sell. If we treat GLD as a valued holding, perhaps others will.
When times get tough, it is those that are willing to fight that later stand in the winner’s circle to celebrate. With the most brandable name in cryptocurrency, a world-class development team, and a community with the guts of a champion, you’ve got to like the chances of this feisty group of visionaries.
Goldcoin (GLD) is a popular digital currency that allows consumers to make online purchases with little to no fee. Goldcoin is currently trading near its one-month high at just under one cent per coin with a market capitalization of $280,389.00 according to Coinmarketcap.com.
Full Story: http://altcoinpress.com/2014/08/goldcoin-gld-nears-one-month-high-amidst-chaos/
