Gochain (GO) Price Prediction – 2022, 2025, 2030
GoChain is an innovative token with a solid technical foundation and an impressive list of partnerships but has yet to make a breakthrough. Lately, the scalability of blockchains has been a hot topic, and the winner could have an advantage over all other cryptocurrencies.
One of the most recent entrants into the fray is GoChain, which claims to be 100 times faster than the Ethereum network and a better alternative to smart contracts by employing Proof-of-Reputation as a consensus protocol rather than Proof-of-Work or Proof. In addition to being 100 times faster than Ethereum, it aims to be 10 times more decentralized and consume 1,000 times less power than Bitcoin.
Many coins and tokens in similar positions as Gochain have comparable market capitalizations to their “neighbors.” As a result, their rankings can change dramatically within a single day.
If you want to learn more about GoChain, its history, tokenomics, and price prediction, keep reading as this GoChain price prediction will uncover everything you need to know about the GO token. Overall, our primary focus will remain on the GoChain price predictions from 2022 to 2030.
What is GoChain?
GoChain (GO) is an Ethereum-based blockchain that is scalable, fast, and secure. The cryptocurrency allows for high transaction volumes and quick verification. GoChain can perform x100 more transactions per second than Ethereum. GoChain’s transition to a Proof of Reputation consensus model considers the reputation of all network participants. It’s to ensure a network is fully secure and free of any internal or external problems. All participants in the GoChain blockchain must have a reputation, and attempting to cheat the system in either financial or branding terms will result in severe consequences.
In essence, GoChain has improved on the Proof of Authority model by renaming it Proof of Reputation for most network participants. Whereas, the Proof of Authority (POA) can still be used, but only for nodes with a stellar reputation and add significant value to the network. Furthermore, the blockchain was designed to be Ethereum compatible, which means that existing Ethereum-based chains can easily transition to GoChain.
GoChain addresses the centralization, scalability, and energy consumption issues that plague blockchains that use Proof of Work as a consensus mechanism. While Proof of Work is a good blockchain algorithm, it has served its purpose by starting the revolution. Now is the time to switch to something faster, more scalable, decentralized, and energy-efficient. It also goes beyond Ethereum smart contracts to create something more stable and useful.
Tokenomics of the GoChain Ecosystem
The GoChain token, denoted by the ticker symbol GO, was distributed in June 2018 following a successful ICO that collected 20,000 ETH, or $13.7 million. The GO token is an ERC-20 token based on Ethereum that can be used as “gas” to access all GoChain platform services.
There are plans to create 1,000,000,000 tokens in total, with the current circulating supply of 498,943,652 GO. The remaining tokens will be dispersed as signing bonuses, with 5%, or 50,000,000 GO tokens, distributed during the first year of the main net procedure. The distribution rate will gradually decrease until all 500,000,000 GO tokens have been dispersed.
The GO token sale took place in May 2018, with the project reaching its hard cap of 20,000 ETH (approximately $13.7 million). Each token was sold for 0.00005 ETH and has already appreciated more than three times in ETH terms, now worth 0.0001620574 ETH, demonstrating the optimism surrounding the project, given that these gains were made while most virtual currencies were either flat or steadily decreasing.
GoChain Price Chart
The GoChain token has had a wild ride thus far, with prices reaching a high of $0.085129 in November 2018, but the token was unable to keep up with the bullish momentum, and sellers entered the market.
In December 2019, the GoChain/USDT price plummeted by more than 97.50 percent, reaching an all-time low of $0.0021. For a long time, the GO token price remained near an all-time low before taking off to trade at $0.1001.
GoChain experienced a 1,465 percent increase from January to March to $0.0999. Despite breaking through the previous all-time high, the GO token price failed to hold above a resistance level of 0.0845, eventually losing more than 93 percent. Given that it’s testing the double bottom support near $0.00478 once more, it’ll be interesting to see what GoChain price prediction offers.
GoChain Coin Overview
GoChain’s current price is $0.0095, with a 24-hour trading price of -5.54%. With a live market cap of $11,266,440.14.
If you’re wondering where to buy GoChain, the top cryptocurrency exchanges for trading GoChain tokens are Binance, KuCoin, Gate.io, Upbit, and Bithumb.
The GoChain (GO) platform employs a Proof of Reputation consensus model, which considers the reputation of all network participants. GoChain, which claims to be fully compatible with existing Ethereum wallets, smart contracts, and other tools, aims to enable developers to deploy decentralized applications on a more energy-efficient network than Bitcoin or Ethereum.
GoChain Price Predictions
Are you looking for GoChain price prediction for 2022, 2023, 2024, 2025, and 2030 and want to comprehend where the GO token prices can go in the future?
We’ll look at the past price of GoChain and see what technical analysis suggests about the GoChain price forecast.
The GoChain price prediction is solely based on technical analysis, and I will be using a series of technical indicators such as moving averages, trendlines, Fibonacci retracement, RSI, and MACD to determine the GoChain price prediction.
Let’s first look at the GoChain price prediction for 2022 to 2030.
GoChain Price Prediction 2022
The GO/USDT coin is trading with a solid bearish bias at $0.012, forming a candlestick pattern of “Three Black Crows.” Typically, such a pattern drives a selling trend in the market. The RSI and MACD indicators are indicating a bearish trend in the short-run, but the market can turn bullish once readers enter to buy the oversold coin. Therefore, the GO coin can go after testing the triple bottom support level of $0.0042.
A closing of candles above this level has the potential to drive an uptrend. Therefore, it’s worth keeping an eye on the $0.0042 support level. GO has enormous potential, and the number of users and adoption may increase with specific collaborations and innovations.
For instance, the price could skyrocket if the market focuses on investing in GoChain. However, it has the potential to reach a maximum value of $0.0165 by 2022. If the market falls, it is anticipated that the GO will correct slightly. For instance, 2022 could end with an average trading price of $0.012, and a low of $0.0040.
GoChain Price Prediction 2023
In the year 2023, the GoChain token has the potential to remain stable at its current price for a very long time. The GO is expected to be worth a maximum of $0.025 by 2023. If the market turns bullish, the minimum price could rise to $0.018 USD.
GoChain Price Prediction 2024
It appears that GoChain (GO) prices will have reached a level comparable to their previous all-time high by 2024, but we can anticipate an average trading price of $0.031 by 2024.
If everything moves as intended, the maximum price of GoChain could reach $0.035 in 2024. Of course, the market may crash after a long bull run, which is normal in cryptocurrency.
GoChain Price Prediction 2025
As is customary when discussing long-term forecasts, it becomes more difficult because you never know how fundamentals will play out. As a result, you must keep an eye on a native token to ensure that it continues to provide industry benefits.
For instance, if more investors are drawn to the idea, the average price of GO could rise to around $0.041 by 2025. Whereas the year 2025 could end with a maximum price of $0.050 and a minimum price of $0.040.
GoChain Price Prediction 2026
With a surge in adoption and collaborations with other major blockchain networks, the price of GoChain could rocket in 2026, with the maximum trading price reaching $0.070 in 2026.
Whereas, if we keep the price ranges the same, they will be very trendy. If everything goes as planned, we can anticipate an average price of $0.060 and a maximum price of $0.073 in 2026.
GoChain Price Prediction 2027
GO will be a better option, and the GoChain price may reach new highs due to the large community. However, price fluctuations are difficult to forecast, especially when the market is more bullish or bearish than usual.
The price of GoChain in 2027 could be nearly $0.090. The highest price we can get is $0.12. The average price of GoChain at the end of 2027 is expected to be around $0.095. A massive price turnover is expected within the range defined by the crypto market.
GoChain Price Prediction 2028
It is difficult to predict whether or not GoChain will be a profitable investment in the long run. A lot depends on when you buy or sell it, for example. Most cryptocurrencies eventually rise in value, and GoChain’s price has the potential to grow in the future. The GoChain value can rise due to the network developers’ and community investors’ efforts. As a result, the calculated price for 2028 is bullish.
The technical outlook for the GO token predicted that the coin would reach a maximum price of $0.15 by the end of 2028. On the other hand, GoChain’s future will likely improve. As a result, depending on the market, the predicted average price of GO in 2028 will be around $0.125 to $0.15.
GoChain Price Prediction 2029
The current price range of GoChain may pique the interest of many traders, and as a result, GO can reach $0.24 by 2029 with significant cooperation from financial institutions if the following requirements are met.
For instance, with an average price of $0.22 in 2029, it has the potential to outperform the current price trend and reach new highs. The price tagline may change as the cryptocurrency market experiences another bullish trend in 2029.
GoChain Price Prediction 2030
Volatility is the driving force behind the cryptocurrency market. Today, it is not easy to forecast and track current pricing. Numerous crypto analysts are involved in this regard. The price forecasts for the specified years are accurate. Still concerned about crypto bans and new restrictions are crypto consumers.
In 2030, the GoChain price may surpass $0.33 if the market experiences a strong bull run. However, due to the likelihood that long-term investors will hold it, its average price in 2030 will be approximately $0.29.
GoChain (GO) is an Ethereum-based blockchain that is scalable, fast, and secure. The cryptocurrency allows for high transaction volumes and quick verification. GoChain can perform x100 more transactions per second than Ethereum.
GoChain intends to go beyond Ethereum smart contracts by employing PoR (Proof of Reputation) rather than PoA (Proof of Authority) and PoW. (Proof of Work). PoR considers user reputation for ensuring the network is secure and free of potential external and internal failures. GoChain has transformed several industries since its inception.
Many regulators have approved the coin, and a team of specialized developers is working to promote it and increase acceptance.
This guide is a self-evaluation of how well GO has performed in the past and the likelihood of it performing well in the future. Keep an eye on our price predictions for more cryptocurrency price predictions of the latest and most popular altcoins. That’s all for now.