Why is Limited Supply Important in Cryptocurrency?
By Space Coast Daily // May 19, 2022
The limited supply of cryptocurrency makes it a more attractive commodity for investors. Crypto currency’s fixed amount of coins is predetermined from the moment it was created. Bitcoin, for example, will only ever have 21 million coins in circulation. This means that if bitcoin gains popularity and increases in value over the course of many years, so will the price per coin.
There are many different myths about how to make your cryptocurrency portfolio grow, and some myths that even mention trading as an option. Some investments will definitely increase in value, and purchasing them today is a smart investment, but that doesn’t mean you’ll be able to sell them at the same price in the future.
One of the first ideas was to trade cryptocurrency and exchanges it for another one on an altcoin exchange. Although there are many altcoins out there, Bitcoin is the most popular and widely used one. Altcoins are developed by programmers who want to create something new rather than duplicate an idea of Bitcoin. However, anyone who has traded a cryptocurrency will tell you that if you have any amount of money invested, you can only cash out at a specific price tag.
Is Limited Supply of Tokens a good Thing?
The limited amount of tokens issued by the cryptocurrency organizations creates a heightened sense of exclusivity and makes it more attractive to investors who are eager to cash in on this growing market. In fact, the limited supply is one of the key reasons why cryptocurrencies are gaining popularity.
It’s not just a myth that Bitcoin’s value has grown exponentially over the past few years. It’s been proven by independent research firms and organizations like Forbes that cryptocurrency is becoming an integral part of our economic infrastructure.
Why is Bitcoin Volatile?
Even though Bitcoin has been around for three years, it has experienced drastic price changes. This is because there is a limited supply of Bitcoin, and it isn’t able to meet its demand. The more popular a cryptocurrency becomes, the more people will want to invest in it and use it as a form of currency. However, the more people who continue to use cryptocurrency as a form of payment and store of value, the less valuable its coins become because fewer people are using it for everyday transactions like buying groceries at Tesco food stores.
Where does GG Token fit in this Scenario?
Well, Global Game Token or GG Token was introduced to overcome all of these issues associated with bitcoin and other cryptocurrencies. Now private pre-sale is finished, and project funding is secured, it means GGTKN is a stable coin that does not depend on the bitcoin trends. It has:
■ Total CAP: limited to 10% in 2022
■ Total Supply: 12 726 273 000 GGTKN
These facts make it a trusted and reliable option for different purposes where other cryptocurrencies fail to serve the purpose. In the online gambling industry, GGTKN has become one of the best cryptocurrency payment options.