In the world of cryptocurrencies a new player is gaining attention: an investor and an enthusiast. The ticker symbol GLO represents a crypto which is popularly known as Gilo, and it is doing great things in the market right now with its excellent quality features and the potential it showcases. Since the latest data, GLO is trading at $ 0.00001741, up by 10.50% in the last 24 hours. The interest of many in the crypto community spurred a closer look at the refreshingly unique relationship offer of Gilo.
At current, Gilo ranks #9690 in global cryptocurrency rankings by market cap. It’s no small thing, after all, especially considering how volatile the crypto market tends to be. Gilo’s relatively low market cap indicates that Gilo has a great deal of room for growth, and provides an interesting opportunity to investors interested in seeking potentially high return opportunities.
The supply structure of Gilo is one of the most striking aspects. According to the project, there are 3 billion GLO tokens in circulation, corresponding to 60.01% of the total supply. The supply number is fixed at 5 billion GLO and won’t surpass 5 billion GLO. The eventual goal of this fixed supply model is to create scarcity through time, and potentially cause the value of each token to rise with increasing demand. The fully diluted market cap will be $87,068.14, assuming the total supply was used, which means that the market value of the tokens being in circulation would be the current one.
However, GLO is being traded at negative price movement due to the absence of a positive 24-hour trading volume for the coin, now mentioned as $0.00. There is limited exchange listings and, even if there were, a strong hold mentality from current token holders could be inhibiting this trading activity. It’s worth noting that low trading volumes can lead to increased price volatility, as even small trades can have a significant impact on the token’s price.
Despite its early stage, the Gilo project has attracted a huge deal of buzz in the crypto world. Its low price point means it will appeal to a wide range of investors, from small scale retail traders, to big institutional players who want to diversify their portfolios. GLO was likely designed by the project’s developers to be utilised in specific manners, though providing information on the technological underpinnings of the project’s utility is still on the table.
Potential investors much like any other cryptocurrency investment should do due diligence and look into those investments thoroughly. As with most crypto markets the high risk and high reward nature has helped make them the go to when it comes to investment and there are some newer projects like Gilo that can be really volatile. There are various factors which should be considered before any investment in the project: the project roadmap, the development team, partnership, technological innovations among others.
Gilo is in a discovery phase of a market, so its true value and ultimate potential remains unknown to the market. If you see quite a significant price increase over the past day you could see growing interest or positive developments within the project. While it’s worth keeping an eye on such short term price movements, they aren’t always a good indication of the long term viability and value of a cryptocurrency.
Another one investor and analyst would be watching closely is to which extent Gilo will be able to gain traction and Trading Volume. More liquidity tends to mean prices that are more stable, and naturally attract bigger investors. Once the project progresses further to listing on the main exchanges, we may also witness a surge of trading activity leading to a better price discovery.
The emergence of Gilo in the crypto market is a bit like watching lots of projects rise and fall and only time will tell where Gilo will end up in the spectrum. Looking at its supply metrics and current market position, it seems perfectly positioned for significant growth, however this will be largely determined by whether or not the project completes on its promises and creates real world value.
With the digital asset space maturing, projects such as Gilo act as exploratory efforts to what could be accomplished with blockchain technology. As whether GLO will be a major player in the crypto ecosystem and become a crypto among the community or only a niche token, its storey will play an important part in the further history of the crypto market.
In summary Gilo (GLO) is a very interesting new creature birthed into the world of cryptocurrencies. Now, with a recent price surge, fixed supply model, and growth potential, the crypto community is taking notice. With the caveat that all investments in this area should be considered with caution, armed with research, potential buyers should be able to make sense of the myriad options in order to identify the best fit. The next couple of months will be important for Gilo as it looks to carve out its position in the land of the ever more competitive, ever faster world of digital assets.
