$G The current price of Gravity (G) is around $0.032, with the token experiencing a slight increase of 2.63% in the last 24 hours. The hourly rise is noted at 2.71%.
Market Cap and Supply:
Gravity has a total supply of 12 billion tokens, with 7.2 billion currently in circulation. The market capitalization stands at $233 million, and the fully diluted valuation (FDV) is $386 million.
Technical Analysis:
Sentiment:
The current sentiment for Gravity's price is neutral according to technical analysis. The token is trading within a range where key support levels are at $0.03942333 and significant resistance levels at $0.04605333. Watching these levels is crucial for predicting potential volatility.
Moving Averages:
On the four-hour timeframe, the 50-day moving average is sloping down, indicating a bearish trend. However, on the one-day timeframe, the 50-day moving average is trending bullish, suggesting a potential resistance point for the price.
RSI:
The Relative Strength Index (RSI) is currently within a neutral zone (30-70), which might indicate that the price could maintain its current trend for some time.
Future Predictions & Considerations:
Analysts suggest that for 2024, Gravity might trade between $0.11276 and $0.1411, with an average price around $0.11739. For those looking at long-term investment, the token is considered a hold due to its potential for growth, especially with its integration of advanced technologies like Zero-Knowledge Proofs and its role in the Galxe ecosystem.
Please note that cryptocurrency is highly volatile, and these predictions should be taken with caution. Always conduct thorough research and consider the broader market context before making investment decisions.
Not Financial Advice, DYOR!!