Gfi Crypto: A Good Investment Option?

Goldfinch (GFI) is a decentralised finance (DeFi) peer-to-peer lending protocol. GFI is an Ethereum-based token that governs Goldfinch, a decentralised credit protocol for extending loans to real-world businesses. Goldfinch's unique approach aims to allow a broader range of borrowers to participate, expanding the potential capital providers who can gain exposure. The protocol is designed to generate sustainable, high-quality stablecoin yields from real-world economic activity, providing a buffer against the volatility often associated with DeFi.

Goldfinch continues to be a popular project in the peer-to-peer lending sector, helping over 200,000 borrowers secure no-collateral loans since its inception. The network is currently available to users in India, Mexico, Nigeria, and Southeast Asia, with plans to expand in the coming weeks.

This paragraph introduces the topic of GFI crypto and provides an overview of its key features, benefits, and performance.

GFI's all-time high and low prices

GFI, otherwise known as Goldfinch, is a decentralised finance (DeFi) peer-to-peer lending protocol. It is a global credit protocol that offers stablecoin yields generated by real-world economic activity. GFI is an Ethereum-based token that serves as the main utility and community governance token for the Goldfinch protocol.

As of January 11, 2022, the all-time high price of GFI was BTC0.0007688. As of June 19, 2023, the all-time low price of GFI was BTC0.00001024. The current price of GFI is $2.36 USD, with a 24-hour trading volume of $1,029,738 USD. This represents a 2.89% price decline in the last 24 hours.

GFI is currently valued at 99.42% below its all-time high of $0.15. This means that the price of GFI has decreased by 99% from its all-time high. The current market cap of GFI is $309.38K, which implies that the asset is highly valued by the market.

GFI can be traded on centralised crypto exchanges and decentralised exchanges. The most popular exchange to buy and trade GFI is Coinbase Exchange, where the most active trading pair is GFI/USD. Other popular exchanges include Gate.io and Uniswap V3 (Ethereum).

GFI's market cap

I found information for two cryptocurrencies with the ticker symbol GFI: Gravity Finance and Gorilla-Fi. I also found information for a stock with the ticker symbol GFI: Gold Fields.

Gravity Finance (GFI) Market Cap

Gravity Finance (GFI) is a DeFi (decentralized finance) peer-to-peer lending protocol. It is not tradable on Coinbase. As of July 2024, the market cap of Gravity Finance was $2.476 trillion. The current market cap is $309.38K. The price of Gravity Finance has decreased by 0.05% in the last hour and increased by 2.71% in the past 24 hours. The current price is $0.000878 per GFI with a 24-hour trading volume of $1.27K. The circulating supply of Gravity Finance is 352,267,212 GFI. The all-time high of Gravity Finance is $0.15.

Gorilla-Fi (GFI) Market Cap

Gorilla-Fi (GFI) is also not tradable on Coinbase. I could not find a precise market cap for Gorilla-Fi. However, I did find that the price of Gorilla-Fi has recently increased by 100% in the last hour, 24 hours, and week.

Gold Fields (GFI) Market Cap

As of September 2024, Gold Fields has a market cap of $12.91 billion. This makes Gold Fields the world's 1375th most valuable company by market cap.

GFI's trading volume

GFI is the main utility and community governance token for the Goldfinch protocol, a decentralised finance (DeFi) peer-to-peer lending protocol. GFI is an Ethereum-based token.

The 24-hour trading volume of GFI has varied across sources. One source stated that the trading volume of GFI was $1.27K in the last 24 hours. Another source stated that the 24-hour trading volume of GFI was $2.92M. A third source stated that the 24-hour trading volume of GFI was $6,490.69, representing a 268.60% increase from the previous day.

GFI tokens can be traded on decentralised exchanges. The most popular exchange to buy and trade GFI is Gravity Finance, where the most active trading pair GFI/WETH has a trading volume of $2,610.46 in the last 24 hours.

GFI's circulating supply

GFI is the main utility and community governance token for the Goldfinch protocol. It is an Ethereum-based token that adheres to the ERC-20 token standard. GFI has a circulating supply of 352.27 million tokens, with a market cap of $99,013.48 USD as of August 2024. The current price of GFI is $0.000281, with a 24-hour trading volume of $536.15. GFI's price has decreased by 2.99% in the last 24 hours.

The circulating supply of a cryptocurrency refers to the number of coins that are circulating in the market and are available to the public for trading. It is similar to looking at the shares readily available in the stock market. The circulating supply of GFI tokens is calculated by taking the total supply and subtracting any coins that have been burned or removed from circulation.

The market cap of a cryptocurrency is calculated by multiplying the circulating supply of tokens with its current price. A high market cap implies that the asset is highly valued by the market. GFI's market cap of $99,013.48 USD indicates that it is a relatively small-cap cryptocurrency.

Goldfinch (GFI) is a decentralised finance (DeFi) peer-to-peer lending protocol. The network provides users with access to cryptocurrency loans without collateral. The goal of the project is to expand blockchain adoption in the business sector and demonstrate the benefits of a decentralised credit protocol. GFI tokens serve various roles in the Goldfinch protocol, including staking, voting, and as a reward token.

In summary, GFI has a circulating supply of 352.27 million tokens, with a market cap of $99,013.48 USD. As a small-cap cryptocurrency, GFI may offer potential investment opportunities, but it is important to carefully consider all information and conduct your own research before making any investment decisions.

GFI's price performance compared to the global cryptocurrency market

GFI is the utility and community governance token for the Goldfinch protocol, a decentralised finance (DeFi) peer-to-peer lending protocol. GFI is an Ethereum-based token that adheres to the ERC-20 token standard.

Goldfinch's unique approach is to allow a broader range of borrowers to participate, expanding the potential capital providers who can gain exposure. The protocol is designed to generate sustainable, high-quality stablecoin yields from real-world economic activity, providing a buffer against the volatility often associated with DeFi.

The price of GFI has decreased by 0.51% in the last hour and increased by 5.45% in the past 24 hours. In the past week, GFI's price has fallen by 4.61%. The current price is $2.33 per GFI with a 24-hour trading volume of $2.92 million. GFI's all-time high was $43.00, and it is currently valued at 94.57% below that.

With a price decline of -1.30% in the last 7 days, Gravity Finance (GFI) is underperforming the global cryptocurrency market, which is up 10.70%.

The current market cap of GFI is $67.79 million, which implies that the asset is highly valued by the market. The fully diluted valuation (FDV) of GFI is BTC16.5180. This is a statistical representation of the maximum market cap, assuming the maximum number of 1.2 billion GFI tokens are in circulation today. The trading volume of GFI is $6,490.69 in the last 24 hours, representing a 268.60% increase from the previous day.

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