GateToken (GT), the proprietary token of GateChain developed by Gate.io, has ascended into the top 100 cryptocurrencies, boasting a market capitalization exceeding $1 billion. Within the past 24 hours, GT has surged by 28.3%, currently priced at $11, marking its highest level since May 2021. Its market capitalization stands at $1.05 billion, positioning it as the 96th largest cryptocurrency globally. Additionally, GateToken has observed a notable spike in daily trading volume, soaring by 180% to $50 million.
Santiment’s data reveals that the number of unique GT holders has reached 3,427 addresses, surpassing the 3,000 mark for the first time since November 2022. Meanwhile, market analysis from GateToken’s Relative Strength Index (RSI) indicates an increase from 70 to 75 over the past day, signaling potential overheating and a likelihood of significant holders capitalizing on profits.
To maintain a bullish trend, GT’s RSI would ideally need to cool down below the 50 threshold. CoinMarketCap data underscores a slight uptick in Gate.io’s daily trading volume, nearing $3 billion. Presently, Gate.io’s total assets amount to $5.27 billion, with GT holding a substantial share of around 20%, equivalent to $1.05 billion. Bitcoin (BTC) follows as the second-largest asset in Gate.io’s portfolio, valued at $1.04 billion.