xGOx (Symbol: XGOX) was originally successfully launched as GOKUCOIN. A recent re-naming and branding of the coin to xGOx has been a huge success. Close to follow the re-brand, was our first game, which leverages xGOx as currency. It is the first of many games to launch in 2017 and beyond. In late October, the coin received the exclusive airdrop for GoToken. The xGOx team also launched a community driven project called JOY coin.
Cryptocurrencies have garnered significant media focus over the last year. One of the major questions surrounding cryptocurrency is what kind of real value they hold. Many crypto watchers have been quick to label the craze as a bubble, especially a digital coin like Bitcoin that has taken off in the past year. There are others that are convinced that digital currency will become standard in the future and they will be around for the long run. The use of digital coins to purchase goods and services can be enticing for many consumers. Even though current forms of many cryptocurrencies are highly speculative, many investors have not shied away from making some big bets. With so many new coin offerings hitting the market, investors will have to be extra careful when choosing which ones to add to the portfolio.
The increasing popularity of cryptocurrencies has produced widespread public interest. Although the current intrigue is high, the potential impact on existing financial systems is not fully known. Cryptocurrencies can be viewed as electronic accounting systems that record transactions. In general, they are decentralized. This means that there is no central government or authority responsible for ledger and code maintenance. The popularity of Bitcoin specifically has made crypto markets a widely discussed subject. With so much uncertainty surrounding cryptocurrencies, investors will be closely watching market developments as we move deeper into the year. Cryptocurrencies are based on blockchain technology, but they may function a bit differently. There are various factors to look at when examining a specific digital currency. Some of these include processing speed, available currency supply, and total amount of currency. Investors will most likely want to dig deeper and see who is behind a certain coin. Currencies that seem too good to be true might be just exactly that. There should be plenty of information available from the creators that can be researched. Understanding how different cryptocurrencies work may help the investor decide which ones are worth purchasing and which ones should be left alone.
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