What is GEM Coin? How do you get Gem coins?
GEM coins refer to cryptocurrencies and tokens that have the potential to generate huge profits and are undervalued and out of the public eye. Gem Coin crypto, The price of these new cryptocurrencies is often very low, often under a cent each, with the possibility of large returns.
For Bitcoin (BTC) or Ethereum (ETH) to do 100 times more than where they are now, hundreds of billions, if not trillions of dollars, of new money must flow into them. However, since these cryptocurrencies, characterized as GEM coins, have a smaller overall market capitalization, far less market participation, and volume is required to increase their value by 100 times.
However, it is very important to detect fraud in cryptocurrencies. Even well-known cryptocurrencies have a high risk. Therefore, investors run the risk of being scammed and losing their assets while searching for GEM coins.
What should be considered in GEM coins?
There are many criteria you can look for to determine if the risk/reward ratio of buying a particular cryptocurrency is worth it. A GEM coin doesn't have to have all of these, but the more it has and the higher the chance of becoming a GEM coin. We have mentioned the most important ones for Kriptokoin.com readers.
The Team Behind Crypto
The first place to start researching a cryptocurrency is to look at the entire project itself. Visit the website and see who the team behind it is. It should be tried to find out what other projects they are involved in, how well they keep their promises, how active they are on social media channels, and whether they take into account the suggestions from the community.
GEM Coin Price
Gem coin price prediction, When people think of buying Bitcoin and the current price of Bitcoin is tens of thousands of dollars for a single coin, owning just a fraction of a Bitcoin is unattractive. This is why they are turning to altcoins with fractional prices.
Analyzing Smart Contract
Most cryptocurrencies are created as tokens on the Ethereum Blockchain or Binance Smart Chain. If the owner of the smart contract can issue new tokens, how many tokens does he have and how the distribution is done, etc. issues should be explored.
Number of GEM Coin Investors
Using Blockchain explorers like Etherscan or BscScan, it is possible to keep track of how many different wallets hold the cryptocurrency and how much each one holds. Ideally, the number of holders will increase as they become more popular, especially for new cryptocurrencies.
How do you get gem coins?
Where to buy GEM coin, The best way to find crypto gems is by hunting. While some rely on hearing about crypto gems from friends and influencers, the best returns are made when you find these coins on your own, before everyone else. Here are the best places to look for them:
1. Crypto Listing Sites
2. CoinMarketCap's Twitter Page
3. Crypto Forums
4. Telegram Groups
How do you identify gem coins?
The easiest way to see if a coin is undervalued is by looking at its market cap.
You can do this easily by using websites like Coinmarketcap. This website lists almost all the tokens out there with at least some trading volume and is great to find undervalued coins. It also has a price tracker that allows you to see how the coin has performed over time.
What you look for when you’re looking for a gemcoin is one that has a supply that looks like this:
That means it has a low supply, yet a high circulating supply. This means that if the price goes up, it will go up fast as there are relatively few tokens in circulation compared to its total supply!
Is Gemcoin real?
Yes. Gemcoin is real; it's a digital currency or cryptocurrency. It's not like the U.S. dollar or euro, which are backed by central banks and governments and issued as physical bills and coins.
Gemcoin was created in 2014 by the U.S.-based Universal Society of Harmony and Investment (USFIA) with the idea that it would be a “one world currency” for doing business around the globe, according to its main website, which is now listed as “under maintenance” on the Internet Archive Wayback Machine.
It is unclear if Gemcoin was ever used for any transactions; its creators allegedly ran afoul of the law when they promoted the coin as an investment opportunity and started operating as an unlicensed securities dealer.