This Small-Cap Altcoin Is up 143% This Week Leading up to a Potential Binance Listing
The price of GoChain (GO), a blockchain platform that boasts 1,300 transactions per second, has surged 143% over the last week after it being announced as a contender for this month’s Binance Community Coin vote, which offers a free listing on the world’s most popular cryptocurrency exchange.
We want to thank our community for all the support we have seen in the @binance Community Coin of the Month! But we still have to keep voting, we can’t do this without you!! RT and share to keep this momentum going! 🎉✌️https://t.co/xYokRCdkSt pic.twitter.com/sJvKMsepcx
— GoChain (@go_chain) August 28, 2018
GoChain, which was previously only available for purchase on KuCoin, is one of five coins currently being considered for the Binance listing, including Byteball (GBYTE), Cortex (CTXC), Everipedia (IQ), and MediBloc (MEDX). The upcoming voting period lasts from August 27 at 10:00 AM (UTC) to August 31 at 10:00 AM (UTC).
Shortly after being listed as a Binance contender, GoChain announced that it had been listed on Bittrex, the 32nd largest crypto exchange by total trading volume. This additional listing has added roughly $800,000 in trading liquidity in less than a day.
In response to the listing, the GoChain team stated,
GoChain is thrilled to announce our official listing on Bittrex! We are extremely excited to be given this opportunity to list with such a reputable, established, US-based exchange. We believe they have a really solid platform and are honored to work with their team.
GoChain claims that decentralized applications (DApps) and smart contracts built on the project’s blockchain will perform 100x better than those built on Ethereum (ETH). However, the GoChain team notes that its platform is fully compatible with existing Ethereum wallets, smart contracts and other tools
GO is currently trading for $0.071 with a market cap of $37 million and is available to purchase with BTC on Bittrex and BTC, ETH and USDT on KuCoin.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.