Goldfinch Information

Goldfinch is an innovative decentralized finance project aimed at bridging the gap between traditional finance and the world of cryptocurrency. By providing underbanked communities access to loans, it not only promotes financial inclusion but also opens up unique investment opportunities for crypto enthusiasts. The platform's focus on real-world assets distinguishes it in the crypto space, highlighting the potential for sustainable growth.

Goldfinch

$1.39

Title : Goldfinch
Symbol : gfi
Current Price $ : 1.39 $
High 24h : 1.47 $
Low 24h : 1.37 $
Price Change 24h : -0.080119005817741 $
Price Change % 24h : -5.45951 %
Market Cap : 128017364
Website : https://goldfinch.finance/
Total Volume : 1384091
Market Cap Change 24h : -7390645.2995541
Market Cap Change % 24h : -5.45806 %
Circulating Supply : 92292240.479297
Total Supply : 114285714
Max Supply : 114285714
Last Updated : 2025-01-18 23:49
All Time High (ATH) : 32.94
ATH Change % : -95.79244 %
ATH Date : 2022-01-11 21:23
All Time Low (ATL) : 0.290236
ATL Change % : 377.47059 %
ATL Date : 2023-06-19 16:10

more information

Understanding Goldfinch: A Comprehensive Overview

Goldfinch (GFI) is a promising player in the decentralized finance (DeFi) space, focused on providing accessible loans for underserved markets. Launched in early 2021, Goldfinch aims to bridge the gap between traditional finance and the blockchain ecosystem, making it an interesting project for investors and users alike. In this article, we will delve into the historical performance of the coin, examine its advantages and disadvantages, and explore future outlooks.

Historical Price Performance

Goldfinch experienced a meteoric rise after its launch, reaching an all-time high (ATH) of $32.94 on January 11, 2022. This surge was fueled by the growing interest in DeFi solutions and the project's unique approach to lending. However, like many cryptocurrencies, GFI could not escape the market downturns that followed its peak, leading to a significant depreciation. As of October 2023, GFI is priced at approximately $1.60, marking a staggering decline of over 95% from its ATH.

Despite this decline, GFI has shown signs of recovery, with a strong price change of approximately 34.90% in the last 24 hours. This indicates that, despite market volatility, there are opportunities for trading and investment.

Advantages of Goldfinch

Goldfinch has several compelling advantages that make it stand out in the crowded DeFi landscape:

Access to Underserved Markets: The platform focuses on providing loans to borrowers who do not have access to traditional banking services, thereby increasing financial inclusion.
Robust Ecosystem: The Goldfinch protocol allows for decentralized risk assessment, enabling backers to fund loans while diversifying their risk levels.
Community Governance: As a decentralized project, holders of GFI tokens have a say in future developments and changes, promoting a sense of ownership and trust among users.

Disadvantages of Goldfinch

While Goldfinch has promising aspects, it also faces challenges that potential investors should consider:

Market Volatility: Like most cryptocurrencies, GFI is susceptible to significant price fluctuations, which can pose risks for investors.
Competition: The DeFi space is crowded, with numerous platforms offering similar services. This competition may hinder Goldfinch's growth potential.
Regulatory Risks: As the regulatory landscape surrounding cryptocurrencies continues to evolve, Goldfinch may face challenges that could affect its operations and growth.

Future Outlook for Goldfinch

The future prospects for Goldfinch appear cautiously optimistic. As the demand for decentralized financial solutions grows, projects like Goldfinch that address real-world problems are likely to gain traction. The focus on lending in underserved markets positions Goldfinch as a unique player in the space, capturing interest from both investors and borrowers.

However, the long-term success of Goldfinch will depend on its ability to navigate the competitive DeFi landscape and adapt to potential regulatory challenges. Continued innovation, user engagement, and transparency will be crucial for sustaining growth and rebuilding investor confidence.

Conclusion

Goldfinch demonstrates the potential of decentralized finance to transform traditional lending practices. Despite the considerable challenges it faces, its unique value proposition and recent price recovery may signal a positive trajectory for the future. Investors and users alike should keep an eye on GFI as it continues to develop and evolve in a rapidly changing cryptocurrency market.

For more information, visit the official website at goldfinch.finance.

General Information
from price $1
Title Goldfinch
Symbol gfi
Whitepaper -
Website https://goldfinch.finance/
Community -
Last Updated 2025-01-18 23:49

Price Data
Current Price $ 1.39 $
High 24h 1.47 $
Low 24h 1.37 $
Price Change 24h -0.080119005817741 $
Price Change % 24h -5.45951 %

Market Data
Market Cap 128017364
Total Volume 1384091
Market Cap Change 24h -7390645.2995541
Market Cap Change % 24h -5.45806 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 92292240.479297
Total Supply 114285714
Max Supply 114285714

Historical Data
All Time High (ATH) 32.94
ATH Change % -95.79244 %
ATH Date 2022-01-11 21:23
All Time Low (ATL) 0.290236
ATL Change % 377.47059 %
ATL Date 2023-06-19 16:10