Goldfinch

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<p class="is-style-lead">Goldfinch, a global credit protocol, has seen a 50.26% surge in the last 24 hours, currently trading at $1.10.</p> 
<p>In the last seven days, Goldfinch (GFI) grew to 68.46%.</p> 
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  Goldfinch price chat in 24 hours |&nbsp;Source: <a href="https://coinmarketcap.com/currencies/goldfinch-protocol/" data-type="link" data-id="https://coinmarketcap.com/currencies/goldfinch-protocol/" target="_blank" rel="noopener">CoinMarketCap</a>
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<p>According to a Sept. 20 post from a tokenomics researcher, the project generated over $700,000 in fees monthly and had over $100 million worth of active loans.</p> 
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   <p lang="en" dir="ltr">Goldfinch is one of the most discussed projects in the RWA narrative.<br><br>They're generating over $700,000 in fees every month, and there are currently over $100M worth of active loans on Goldfinch.<br><br>Let's take a deeper look at this project to understand its future potential.<br><br>🧵 <a href="https://t.co/7f2gJqqdRX" target="_blank">pic.twitter.com/7f2gJqqdRX</a></p>— hitesh.eth (@hmalviya9) <a href="https://twitter.com/hmalviya9/status/1704457674505802169?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 20, 2023</a>
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<p>By design, the platform is said to facilitate loans between real-world businesses and crypto investors and has introduced an original approach that doesn’t necessitate any crypto collateral. In this system, loans are allocated through collective consensus involving multiple participants.</p> 
<p> You might also like: <a href="https://crypto.news/decentralized-finance-is-changing-our-everyday-lives-opinion/"> Decentralized finance is changing our everyday lives | Opinion </a> </p> 
<p>The initial token supply of 114,285,714 GFI tokens is presently capped for the project, with around 25.49% of the supply currently in circulation. Most of the tokens were assigned to the team and investors, and this allocated supply is anticipated to be entirely unlocked by early 2026.</p> 
<p>Despite recent growth news, earlier&nbsp;headlines&nbsp;about Goldfinch that circulated in August came down to its arguably first bad loan from a Kenyan taxi financer.</p> 
<p>The financer defaulted on the $5 million loan, triggering a 20% decline in the token’s price.</p> 
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   <p lang="en" dir="ltr">7/ The Future<br><br>Goldfinch recently experienced its very first bad loan when a Kenyan taxi financier defaulted on a $5 million loan, causing a 20% drop in GFI price. Further loan defaults could potentially create a negative feedback loop for <a href="https://twitter.com/search?q=%24GFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$GFI</a> price.<a href="https://t.co/2HrUv7Dvj3" target="_blank">https://t.co/2HrUv7Dvj3</a></p>— hitesh.eth (@hmalviya9) <a href="https://twitter.com/hmalviya9/status/1704457714016166248?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 20, 2023</a>
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<p> Read more: <a href="https://crypto.news/altcoin-market-on-brink-of-parabolic-growth-analyst-predicts/"> Altcoin market on brink of parabolic growth, analyst predicts </a> </p>

Goldfinch (GFI) token surges 50% in the last 24 hours

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