The GTN ended 2019 at $0.25 with a ROI of 25%. Good performance considering the overall lethargy in crypto interest. As GTN investors are fully aware, events in 2020 are lined up to unleash the true MULTIFACETED nature of the GTN token.
Demand for the GTN has since it was listed in July 2018, come solely from the crypto exchanges. Two significant launches as part of the Glitzkoin project are due to happen in 2020. DiaEx and the Myticket-Glitzkoin partnership would commence additional active demand sources for GTN.
DiaEx the diamond trading platform based on Stellar blockchain assets, was developed, tested and thoroughly pilot run in 2019. GTN is the designated mode of payment on DiaEx. The trading platform will be fully implemented in the first half of 2020. This is when demand for GTN will be further boosted as diamond traders, procure the token to fulfill their payment obligations.
As per the agreement with Myticket, the GTN token will be accepted as a mode of payment by the online ticketing giant. The implementation of this deal (also in the first half of 2020) has significance that goes beyond Myticket. A successful launch will make it much easier to negotiate similar deals with other businesses.
GTN investors include some hardcore crypto traders, this is clearly visible when you participate in the Glitzkoin Telegram Channel. Most of these investors, have made up their mind to hold GTN until the project matures and all modules have sufficient time to scale up.
In the words of CEO Navneet Goenka, ‘… the rise in demand for GTN was anticipated not only by us, but also by our loyal investors. Having said that, there was a large group of prospective GTN buyers, who decided to ‘wait and watch’ until the end of 2019. The management does not see much of a role for Altcoin price movements on GTN … Investors have been smart enough to evaluate progress of the Glitzkoin Project and take decisions’.