Goes Up Higher token ($GUH) outstripped the crypto markets gains in the past 24 hours, and rallied +500% within 24 hours. They Elastic Supply digital asset, may go on to live up to its name.
Elastic Supply/Defi token Goes Up Higher ($GUH) has shown intent to live up to its name, outstripping Bitcoin’s – and the bulk of the crypto market’s – daily gains. The digital asset rallied 534.9% in the past 24 hours, while the rest of the digital currency market experienced mild gains, as it recovered from a recent bearish stint.
Algorithmically designed to surpass bitcoin price gains and give holders nothing but upside, $GUH is currently valued at $61, down from a high of $66.41. The coin leaped, from a low of $7.2 within a 24 hour space.
The astonishing gains, in the past day, follow on the heels of a recent digital asset market crash. While other assets moved up timidlly, $GUH raced to new highs.
1193% growth in value over a period of 7 days. Currently trading on Pancake Swap, $GUH is currently – at time of writing -consolidating to pursue further bullish momentum. Which might be the gains seen during the previous trading day.
We understand that this sort of information likely screams “Scam”, so we took a closer look at the project. It turns out that the token is designed to adjust supply, or rebase, expanding and contracting token output depending on how far (negatively, or positively) price deviates from pegged value.
The asset underwent a successful audit, conducted by Solidity.Finance earlier in the year, and achieved support on Binance backed digital asset wallet service, Trust Wallet. The developments offer the project some degree of legitimacy, as they are proven digital asset firms.
It’s up to each individual trader to decide which digital assets fit into their portfolio, based on their personal goals. It’s quite difficult, at this point, to determine whether or not this asset presents any trading risk, but an asset that only sees upside might be a digital asset holder’s dream.