Analysts Favor Golteum (GLTM), Etherum (ETH), And Algorand (ALGO) For 2023

The prices of cryptocurrencies, such as Ethereum (ETH) and Algorand (ALGO), have been highly volatile recently. Therefore, it is crucial to understand this volatility and consider the potential benefits of investing in tokens like Golteum (GLTM), which is forecasted to grow by 350%. In this article, we will explore the current state of ALGO, ETH, and GLTM and discuss their performance as we gear up to close Q4 2022.

BUY $GLTM Tokens Now

Even with Ethereum’s upcoming Shanghai Update

The Shanghai Update is a major upgrade to the Ethereum network that is scheduled to come after the merge that took place in September.

During the 151st Ethereum Core Developers Meeting on December 8th, developers agreed that March 2023 would be the tentative deadline for the Shanghai hard fork.

This update will allow users to withdraw tokens that were previously staked and sent to the Ethereum 2.0 contract. It is also expected to introduce essential updates and changes to the Ethereum blockchain’s EVM functionalities, such as implementing gas fee reduction for Layer 2 solutions.

Interestingly, despite the coming upgrade, ETH’s price continues to decline. This is attributable to the severe decline so far in the cryptocurrency market, and the liquidity crunch made even more significant due to the sudden collapse of FTX.

So far this year, the leading altcoin has suffered significant volatility. In fact, in June, it traded at a low of $880. However, given the significant upgrades coming to the Ethereum network and the prediction that the bottom is in for ETH, it is likely to perform better in the future than it did this year.

Even the FIFA partnership has failed to prop up ALGO

On 2 May, the cryptocurrency world received the news of the sponsorship and technical partnership deal between FIFA and Algorand. Upon commencement of the world cup, ALGO holders expected a rally in the alt’s price. This, however, has not been the case as ALGO’s price continues to plummet.

Exchanging hands at $0.2161, per data from CoinMarketCap, 224 days after the announcement of the partnership with FIFA and towards the last week of the FIFA World Cup 2022 tournament, ALGO’s price was down by 64%.

Now is the time to buy GLTM

Golteum’s vision is to revolutionize the gold industry by providing Web3 access to the world’s oldest reserve currency which is gold. Staying true to this vision has led it to launch the first 100% asset-backed NFT marketplace. Additionally, Golteum has officially teamed up with Fireblocks. To support their mission in launching a top-tier trading platform, they’ve chosen to integrate the Fireblocks Web3 Engine. This includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs.

Powered by its GLTM token, the Golteum ecosystem comprises a gold-backed NFT marketplace wherein its users can buy or sell gold-backed NFTs in fractions or whole. A gold-backed NFTs marketplace is an outlier in a market where NFTs market players are left at the mercy of unscrupulous marketplaces and hold NFTs with no intrinsic value or utility in the real world.

Holders of Golteum’s gold-backed NFTs are offered ownership over the digital assets as well as gains from the value of the underlying asset, gold. This provides them with a sense of ownership and investment potential.

It’s widely acknowledged that a gold-backed asset has a high value. This is because gold has been used as a medium of exchange for thousands of years, and its characteristics make it a valuable asset. For example, in times of financial uncertainty like this one, gold has proven to be recession-proof, offering its holders security and stability. Therefore, holding a gold-backed NFT is a sure guarantee of seeing investment returns.

Furthermore, Golteum’s GLTM token offers its holders a wide range of benefits. For example, holders enjoy fee discounts on subscriptions on the platform and can also stake it to earn APRs that exceed market rates when Gotleum launches its staking feature.

Since the just-concluded private sale of the asset, its value has gone up by over 85%, and experts have predicted that holders would see north of 350% upon the conclusion of the final pre-sale round in addition to a 20% bonus to holders.

This success is attributable to the assurance investors have in the token’s viability. In addition, GLTM’s smart contract has been audited and verified by Certik, the leading blockchain security expert and the team behind the project successfully doxed.

Those looking for both short-term and long-term high returns should invest in GLTM to make the most out of their investments.