The trading volume of Gate (GT) is $1,370,386.13 in the last 24 hours, representing a 11.90% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Gate (GT) is $12.94 , which was recorded on May 12, 2021 (over 2 years). Comparatively, the current price is -67.10% lower than the all-time high price. The lowest price paid for Gate (GT) is $0.257540 , which was recorded on Mar 13, 2020 (over 3 years). Comparatively, the current price is 1,550.80% higher than the all-time low price. Market capitalization of Gate (GT) is $579,517,241 and is ranked #87 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GT tokens (140 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Gate (GT) is $1,276,167,079 . This is a statistical representation of the maximum market cap, assuming the maximum number of 300 Million GT tokens are in circulation today. Depending on how the emission schedule of GT tokens are designed, it might take multiple years before FDV is realized. The community is bearish as more than 50% of users are feeling bad about Gate (GT) today.
There are two schools of thought in determining the price of Gate.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Gate, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Gate from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Gate on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Gate as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Gate and the cryptocurrency market as a whole.
2. What is the highest price of Gate in history?
Gate achieved the all-time high of $12.94 in 2021-05-12, and is currently trading at $3.94.
3. What is the lowest price of Gate in history?
In 2020-03-13, Gate reached the all-time low of $0.26.
4. Should I buy Gate now?
It is important to remember that Gate, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.