The Goldman Sachs group is set to invest a large sum of money into cryptocurrency companies. After the recent FTX exchange collapse, which took a toll on many crypto companies’ valuations and investor interest, Goldman Sachs plans to invest millions of dollars into these businesses.
Goldman Sachs, FTX and three coins you should know of
The recent FTX collapse has made it more apparent that we need trustworthy and regulated cryptocurrency players, Mathew McDermott, Goldman’s head of digital assets, told Reuters. He also said that big banks see this as an opportunity to get some new business.
Goldman is examining many crypto firms, he continued, though he refused to offer specifics.
“We do see a lot of opportunities that are much more reasonably priced,” McDermott said in an interview last month. So we had our own team do some research, and find three coins we think are worthwhile taking a look at:
The Gold Backed Alternative: Golteum (GLTM)
Golteum is aiming to provide investors with an alternative asset backed by gold, making it easier investment for people due to its innovative digital characteristics. They have created a platform that allows users to buy and sell fractionalised gold in the form of NFTs living on the Ethereum blockchain. Golteum’s vision is to revolutionize the gold industry by providing Web3 access to the world’s oldest reserve currency. 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. The token’s price saw an 85% rise from its private sale 0.07$ mark to 0.13$ and its attractive 20% bonus structure for the current presale round may reward early adopters faster than anticipated.
Liquidity Provider : Uniswap (UNI)
Uniswap (UNI) is the native token of the Uniswap decentralized exchange, a liquidity provider for the trading of tokens on the wider Ethereum network, also known as ERC-20 tokens. The Uniswap protocol is designed to be fully decentralized, using a trading model known as an automated liquidity protocol. That method gives users incentives to provide liquidity, which guarantees a liquidity pool, ensuring trades can be executed instantly at a known price. The Uniswap price is $6.19 at the time of writing, a change of 1.76% over the past 24 hours, while its 52 week high is set at $20.09 and its respective low at $3.34.
The Sharded Blockchain : Polkadot (DOT)
DOT is the native cryptocurrency of Polkadot; a sharded blockchain interoperability protocol founded in 2016, that connects different chains together in a single network, allowing them to process transactions in parallel and exchange data between chains without sacrificing security. Launched in October 2017, Polkadot released 10 million dot tokens into circulation via an initial coin offering (ICO), raising 485,331 ether worth (approximately $145 million at the time.)
The investment from Goldman Sachs reflects the growing interest in cryptocurrency companies and suggests that we may see even more banks jumping into this space in the near future. With Goldman Sachs now leading the way, it will be interesting to see how other banks and investors react.
So, if you’re looking for some exciting cryptocurrencies over the holidays, consider the above and keep in mind that projects of the sorts of Polkadot and Uniswap, when started, may have looked a lot like Golteum — a promising project that has the potential to generate good returns this season!
Find Out More About The Golteum Presale
Website: https://www.golteum.io
Presale: https://presale.golteum.io/register
Whitepaper: https://golteum.io/GolteumWhitepaper.pdf
Telegram: https://t.me/golteum
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
