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GXChain (GXS) Analysis

Market Cap

$33,469,583 USD

Volume (24h)

$15,711,613 USD

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3.5
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    GXChain Markets Rank: 5/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    GXChain Volume Ratio Rank: 47/100

  • Market Cap

    The total cost of all coins available.

    GXChain Market Cap Rank: 96/100

  • 24h Change

    Is the price moving up or down?

    GXChain 24h Change Rank: 51/100

  • Social Following

    How many users are following this coin?

    GXChain Social Following Rank: 79/100

  • Google Trends

    How many users are searching for the coin?

    GXChain Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    GXChain Twitter Citation Rank: 2/100

  • User Voting

    How popular is this coin among Cointobuy community?

    GXChain User Voting Rank: 58/100

GXChain investment analysis

GXS is a data marketplace on the blockchain. Their decentralized network allows for transference and storage of private data as well as the ability to verify credit on chain. A solution such as this is meant to provide a safe transport for information while protecting the privacy of the parties involved. This type of security could become a valuable asset in the future for banking, consumer loans, or other businesses that require the transmittance of personal information.

While their proposed product is very useful they have a good deal of competitors also clamoring for market share, and they might not have the muscle to take them on. This should be considered before making a GXChain investment.

How to buy?
GXChain investment price
$0.514917
GXChain expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+25.8%
GXChain Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.647995
GXChain Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

381/2559
by Safety
1963/2559
by Profit
historical data

How to buy GXChain?

You can buy GXChain on at least one major US exchange in addition to several smaller players as well. The trading pairs are predominately skewed toward Bitcoin so you may have to trade this pair to get a decent exchange on your purchase.

You can store your GXS by creating an online wallet using their platform or by using their mobile application on iOS. As far as I can find it doesn't seem that they have a desktop wallet or are compatible with any hardware wallets which leaves storage options rather limited, unfortunately.

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Is it safe to invest in GXS now?

I'd be hesitant to invest in GXS. Not because the service they want to offer is not needed. In fact, I think that this will be one of the most valuable technologies integrated into the blockchain. Having a secure way to transfer files can help prevent a lot of identity theft, and to protect many people from privacy breaches.

My problem with it is that there are many, many competitors already in this space. Many of which seem to be doing it much better than GXS is with more features, better teams, and better marketing.

The only real saving grace for them I think is that they are based in China, and as such it might be possible for them to corner a very large market based simply on location should they be able to acquire the right connections. Otherwise, there are many better options out there to use for data security.

If you do choose to invest in GXChain you may be interested in how they plan to achieve value for their token. Their answer to this is a common one, which is using the GXS tokens to pay for products or services.

However, once used as payment these tokens will be burnt, effectively reducing the number of circulating coins and raising the cost of those assets for investors. While this seems ideal from an investment perspective I'm not sure it's great for a form of payment which is needed for the network to function.

It seems that after a certain time the cost of the service would rise so much that businesses would abandon it in favor of more fairly priced competitors. The supply of the coin is not very large to begin with so a coin burn seems an odd choice.

In short, while I do very much believe in the blockchain's usefulness for data transference and security I don't think this is the best approach. The coin burn seems questionable for the long-term usefulness of the token, and their platform doesn't seem to bring anything new to the table that many others are not already doing.

In addition, their presence seems weak in comparison to other blockchain based projects. I'm not sure they really have the marketing power to fight through except perhaps in their own locale. This could be worthwhile, China has a very large population.

However, if it were my money I'd look elsewhere for a more viable solution with a broader reach and appeal. It seems there's a new "build your chain on our chain" project launching every day, and with that many choices available it makes GXChain a seemingly unattractive choice.

This company will need to do something drastic to make themselves stand out from the crowd if they want to attract investors and potential users to their platform. Otherwise, this investment choice is a mediocre one.

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