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Goldfinch Coin is the native cryptocurrency of Goldfinch, a decentralised borrowing and lending platform that allows for crypto borrowing not needing collaterals. This phenomenon has previously limited many crypto lending platform users since they needed over-collateralised assets to borrow crypto. Goldfinch uses the “trust through consensus” principle, meaning while Goldfinch doesn’t trust any individual participant, it trusts their collective actions as a whole. Goldfinch coin is used for governance and incentivising participants across Goldfinch. The protocol was founded on Jan 12, 2022, and even though it is still in the early stages, the Goldfinch protocol price has shown good potential. Keep reading to find out the Goldfinch protocol price prediction in 2022 - 2025.
There are three key roles for participants in the Goldfinch protocol: Borrowers, Investors, and Auditors.
Borrowers propose deal terms for the Borrower Pools. Then, the community of Goldfinch coin Investors can supply the capital to one of these Pools either directly to the individual pools as Backers or indirectly and automatically allocated across Goldfinch via the Senior Pool and Liquidity Providers. Borrowers use the Borrower Pools to draw down USDC from their Pool, then exchange the USDC for fiat currencies and deploy the fiat on the ground to end-borrowers in their local markets.
GFI, i.e., the Goldfinch coin, is used for governance, voting, auditor staking and voting rewards, protocol incentives, and other governance and incentivisation use cases. FIDU is the LP token of the Goldfinch protocol, representing the liquidity providers’ deposited capital into the Senior Pool. FIDU can be exchanged for USDC in the Goldfinch dApp.
Today, on Jul 11 2022, the Goldfinch coin is being held in over 5000 wallets. There have been more than 44 thousand transactions of Goldfinch coin with a trading volume of $321,546 in the past 24 hours. Goldfinch coin’s liquidity score is 33%, meaning it’s challenging to sell this token during crypto winters, like now! Goldfinch coin has a market cap of $10 million and ranks #826 in market cap rankings.
The initial total supply of Goldfinch coins is 114,285,714 GFI tokens. There’s currently no inflation mechanism, but the Goldfinch team is considering incorporating modest inflation after three years to reward active participants of the platform. This will be voted upon by the community and governors of the Goldfinch protocol. The GFI token allocation is as follows:
The price of each Goldfinch coin is $1.08 currently. GFI token is currently down by 96.7% from its all-time high of $32.94 on Jan 11, 2022, and is up by 29.8% from its recent all-time low of $0.83 on May 11, 2022.
Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
Cryptologi.st does NOT provide financial advice and trading signals; it instead gathers information for price prediction from various sources like priceprediction.net and technewsleader.com. In this volatile industry and especially during this current crypto winter, nothing remains stagnant, and many factors can affect the performance of this project and the crypto market as a whole. The following is the Goldfinch Protocol price prediction for the coming years.
The average Goldfinch protocol price in 2022 is $1.70. According to predictions, the Goldfinch coin price can go as high as $1.95, and its minimum price is expected to be $1.64.
Experts predict that the average Goldfinch protocol price in 2023 will be $2.52. Its maximum price could be $2.91, and it can hit a minimum of $2.45.
The average price of each Goldfinch coin is predicted to be $3.63 in 2024. The maximum price can hit $4.26 and fall to a minimum of $3.50.
Crypto experts anticipate that the minimum Goldfinch coin price can reach $4.82 throughout 2025. Also, it is possible for the Goldfinch coin to hit a high level of $5.99. The average price of each Goldfinch coin is predicted to revolve around $4.97 in 2025.
Goldfinch coin is possibly a good investment. Goldfinch is backed by a strong, active community, and it streamlines borrowing crypto without collateral. This wasn’t previously done by other borrowing and lending protocols, which enables a larger population of crypto enthusiasts to borrow crypto. If you’re interested in finding more unique projects like this and keeping an eye on them, Cryptologi.st has got your back! With a watchlist and up-to-date news and project reviews, you can clear your head and make more confident investment decisions than ever.
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