A GoodDollar (G$) is currently valued at $0.000053 in US Dollars.
Understanding the Value of GoodDollar (G$)
GoodDollar (G$) is a digital currency designed as part of a universal basic income (UBI) protocol, aiming to distribute digital assets freely and equitably to individuals around the world. Its value, like other cryptocurrencies, fluctuates based on market dynamics, including supply, demand, and overall market sentiment.
The current price indicates that one GoodDollar is a very small fraction of a US cent. To put it into perspective:
- 1 G$ = $0.000053
- Approximately 18,868 G$ would be needed to equal 1 US Dollar.
Factors Influencing GoodDollar's Value
The price of GoodDollar, like any digital asset, is influenced by several key factors:
- Market Demand and Supply: As more people adopt and use GoodDollar, or as the supply changes through its protocol mechanisms, its value can be affected.
- Project Development and Adoption: Updates to the GoodDollar protocol, partnerships, and increasing user engagement can positively influence its perceived value and utility.
- Cryptocurrency Market Trends: The broader performance of the cryptocurrency market, including Bitcoin and Ethereum, often impacts altcoins like GoodDollar.
- Liquidity: The ease with which G$ can be bought and sold on exchanges also plays a role in its stability and price.
Checking the Current GoodDollar Price
Given the volatile nature of cryptocurrencies, the exact value of GoodDollar can change frequently. To find the most up-to-date price, you can refer to various cryptocurrency market tracking websites and exchanges. These platforms provide real-time data, historical charts, and other relevant market information.
Here’s a general overview of its value:
| Currency | Value |
|---|---|
| 1 GoodDollar (G$) | $0.000053 USD |
For real-time updates and historical data, you can visit reputable cryptocurrency tracking sites such as CoinMarketCap or CoinGecko. Search for "GoodDollar" or "G$" on these platforms to view its live price.
Practical Implications
The low individual value of G$ is characteristic of many UBI-focused digital currencies, where the emphasis is often on widespread distribution and accessibility rather than high per-unit speculative value. The goal is to provide a consistent, albeit small, amount of value to users, which can collectively amount to a meaningful sum over time or when combined with other digital assets.
