As of February 1, 2025, GT is trading at $23.73, with a 24-hour trading volume of approximately $16.4 million. The token has a circulating supply of 88,747,175 GT, placing it at rank #52 by market capitalization.
In terms of price performance, GT reached an all-time high of $13.09 on May 12, 2021, and after a period of decline, it achieved a new all-time high of $13.27 on December 4, 2024. Price predictions suggest that GT could reach up to $25 in 2025, with potential further growth in subsequent years.
Gate.io has implemented a token burn strategy to reduce the total supply of GT, aiming to enhance its value. Approximately 55% of the initial 300 million GT tokens have been burned, leaving about 133 million in circulation. The platform allocates 20% of its earnings for GT buybacks and burns, contributing to the token's deflationary model.
Technical analysis indicates that GT has experienced significant price movements, with recent highs surpassing previous records. Indicators such as the Relative Strength Index (RSI) suggest potential short-term consolidation, but the overall trend remains bullish. Key support levels are identified at $11.50, with resistance around $13.63.
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As of February 1, 2025, GT is trading at $23.73, with a 24-hour trading volume of approximately $16.4 million. The token has a circulating supply of 88,747,175 GT, placing it at rank #52 by market capitalization.
In terms of price performance, GT reached an all-time high of $13.09 on May 12, 2021, and after a period of decline, it achieved a new all-time high of $13.27 on December 4, 2024. Price predictions suggest that GT could reach up to $25 in 2025, with potential further growth in subsequent years.
Gate.io has implemented a token burn strategy to reduce the total supply of GT, aiming to enhance its value. Approximately 55% of the initial 300 million GT tokens have been burned, leaving about 133 million in circulation. The platform allocates 20% of its earnings for GT buybacks and burns, contributing to the token's deflationary model.
Technical analysis indicates that GT has experienced significant price movements, with recent highs surpassing previous records. Indicators such as the Relative Strength Index (RSI) suggest potential short-term consolidation, but the overall trend remains bullish. Key support levels are identified at $11.50, with resistance around $13.63.
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