The crypto market has been hit repeatedly these past few weeks, with total volume dropping significantly. Lots of users have been trying to get out of crypto at any price, even at a loss. Total Market Capital has dropped by 12% at least in just about 12 days and a whole number of altcoins have been dumped, with BTC resuming its dominance.
Invariably, the price of altcoins will be hit harder due to the nature of this bearish market. Take Gentarium for instance.
Gentarium powers a platform that offers Automatic Masternodes deployment, Shared Masternodes, and the ability to manage ASICS and GPU rigs.
They offer a service for launching Masternodes, which is designed to solve the investors problems. This means that the node creator does not have to study the documentation of the particular cryptocurrency, or spend time on the hosting tariffs study, or even understand the details of operating systems, etc. He can just to create his Masternode in his personal cabinet and start it.
They launched about 2 months ago and started out well with about 25,000 satoshis but around 7th and 8th of September, there was a situation of massive dumping. Incidentally, this coincides with the bearish behavior of BTC which reared its head on the 5th and 6th.
Despite this Gentarium has gone on to do well for itself by listing on coinexchange which has stabilized the coin price somewhat.
Amazingly, the number of masternodes hosted on the platform is now over 2437 with more than $1 million dollars in assets hosted. Simply amazing!!!!!
And, for a new coin that dumped so badly due to the bearish market, their rate of recovery is pretty impressive considering. It shows improvement in the long term.
Coin Specs
Ticker - GTM
Type - POW/MN
Algo - Lyra2Z
Block Time - 2 Min
Max Coin Supply - 14 191 200 GTM (Premine Excluded)
PoW Reward - 50%
MN Collateral - 1000 GTM
MN Reward - 50%
Difficulty Retarget - DGWv3
Blockchain Start Date - 19.07.2018 19:00 UTC
Official Links
Website: https://gtmcoin.io/
Bitcointalk ann: https://bitcointalk.org/index.php?topic=4707019
Github: https://github.com/genterium-project/gentarium
Wallets: https://github.com/genterium-project/gentarium/releases
Explorer: http://explorer.gtmcoin.io/
Our masternode platform: https://mn.gtmcoin.io/
Asics platfrom: https://asics.gtmcoin.io
Exchange: https://wallet.crypto-bridge.org/market/BRIDGE.GTM_BRIDGE.BTC
Twitter: https://twitter.com/Gentarium_GTM
Telegram ENG: https://t.me/gtmcoin_eng
Telegram RU: https://t.me/gtmcoin
CoinMarketCap https://coinmarketcap.com/currencies/gentarium